MF Query: Insights on equity & debt funds to manage a Rs 60 lakh-portfolio after Budget 2024

Venkat, a 56-year-old investor, now faces higher taxes on his Equity Savings Fund due to the 2024 budget changes. Expert Aditya Agarwala suggests considering the higher returns of equity funds, which average 12%-15%, before switching to hybrid debt funds that offer lower returns. New tax rates are 12.5%, up from 10%.