In light of the current interest rate environment, investors can benefit from higher rates while reducing risks related to market swings by investing in a variety of debt products.
The Systematic Investment Plan (SIP), a method of investing allowed by mutual funds, allows one to make periodic fixed-amount investments in a particular equity or debt-oriented scheme.
But according to experts, these changes would make investing in ELSS to reduce taxes less appealing for people with taxable income up to ₹7 lacs, let’s know how.
Making the new income tax regime the default option was one of several changes to the country s income tax structure that India s finance minister Nirmala Sitharaman proposed in her Budget 2023 speech.