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Budget 2023 made the new income tax regime the default regime. Since this regime doesn’t give Section 80C benefits, ELSS, or tax-saving mutual funds, have lost their tax-benefit edge. Aside from taxpayers who would still opt for the old tax regime, it remains to be seen if ELSS funds can sell themselves purely on performance. ....
The objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, and fixed-income instruments. The allocation between equity instruments and fixed income will be managed dynamically to provide investors with long-term capital appreciation while managing downside risk. ....
Decoding the Soaring Tides: Mapping the currents of India's mutual fund industry in 2024 - Money News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Mutual fund investment: Parag Parikh Mutual Fund, Motilal Oswal Mutual Fund, and WhiteOak Capital Mutual Fund have filed draft documents for new funds in the past week ....