Income tax benefit from a Debt Mutual has been removed wef 1st April 2023

This is an important announcement related to your investments in Mutual Funds : Income tax benefit from a Debt Mutual has been removed wef 1st April 2023

In order to understand this in simple manner, let us first understand the two basic categories of Mutual Funds in terms of Taxation :

1. Mutual Funds having Indian Equity or Equity related exposure of 65% or more