Question for people opting new tax regime
People who have invested in ELSS funds all these year for tax exemption under 80C, what did you do with these mutual funds after choosing new tax regime?
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I've recently shifted to new regime. As others mentioned, they are the best performing funds in my portfolio (maybe because they are also the oldest). I did not sell them, but I've shifted my SIPs to other category funds based on 1y and 3y trends.
Do we have to pay tax for the profit if we shift?
I stopped investing in ELSS monthly, but I'm putting that money somewhere else. I haven't sold my ELSS units yet. You pay LTCG tax when you sell ELSS.
Opted for new regime but continued the sip in elss because they are the most performing mutual fund in my portfolio and I don't mind having 3 years of lock in.