Equity-linked savings schemes (ELSS) are losing traction as investors shift to the new tax regime, diminishing the demand for this tax-saving option. Fresh investments are drying up, and investors are withdrawing funds after the mandatory three-year lock-in period. ELSS has experienced net outflows, contrasting sharply with the growth in other equity scheme categories.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities extended losses for a fifth straight session, pressured by elevated oil prices and persistent FII outflows. Despite intraday recovery, sentiment remains weak amid