The tax-saving fund that ran out of reasons to exist

ELSS recorded its first-ever full-year net outflow. The new tax regime is why

Equity-oriented mutual funds absorbed a genuinely difficult year with more composure than the headline market did. Net inflows into equity funds totalled Rs 3.47 lakh crore in fiscal 2026, down from Rs 4.17 lakh crore in fiscal 2025 but still a substantial sum given that the Nifty TRI (Total Returns Index) declined 3.99% over the same period.