Uncertainty over Direct Taxes Code and poor equity markets play spoilsport.


A worsening equity market scenario and confusion over the Direct Taxes Code (DTC) have impacted inflows in equity-linked-saving-schemes (ELSS) in the current financial year.

Fund managers say declining sales and net inflows in the ELSS category, which is in line with what's happening with the pure equity funds, may deepen in the last quarter of FY12. They have kept their fingers crossed to see how the fourth and final quarter pans out.



Click here for the full story