Categories: Stock TipsTax planning

Impact of DTC on ELSS Funds

ELSS Tax saving funds will not be an option once DTC is enforced (See here) but DTC is not being enforced before March 31, 2012, so we have 2010-2011 and 2011-2012 as an option for Tax savings under ELSS. Till we have the option I am definitely going to use it to get Full tax saving without investing one lac into Best dividend paying Tax Saving Funds

But there are many question which still remains are.

  1. How these AMCs will treat their existing funds?
  2. Will these funds become yet another equity fund or will they switch the money to some other equity linked funds?
  3. Will they ask investor to forcibly redeem?

What are your views on DTC?

Shabbir Bhimani

A trader, investor, consultant and blogger. I mentor Indian retail investors to invest in the right stock at the right price and for the right time.

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Shabbir Bhimani
Tags: Direct Tax CodeDTCTaxTax planning
13 years ago

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