![]() | Index-based ELSS funds offer cheaper tax saving optionWith the introduction of passive schemes, investors have more options, and this will also help MF industry expand the reach of products |
![]() | Mutual Funds: Passive equity-linked savings scheme offers more options for investorsThe recent leeway offered by SEBI to launch passively managed ELSS by stopping inflows into an actively managed ELSS should be seen in the context of an enabling provision. |
![]() | ELSS funds: A performance scanLet us now zero in on the performance of some randomly selected ELSS funds over the mandatory lock-in period of 3 years as well as over a longer voluntary holding period of 5 years. |
![]() | ELSS–the pure equity option for Tax SavingIn case of ULIPs, the investor also has the advantage of two-way fungibility between Equity and Debt. |
![]() | Low-cost Index based tax-saving funds soonThis means the ELSS scheme could be based on a wide variety of indices – Nifty 50, BSE Sensex, Nifty 100, Nifty 200, Nifty Large Midcap 250 indices. |
![]() | SEBI allows mutual funds to float passively managed equity-linked savings schemesThe move will allow new fund houses that are especially focusing on passive schemes to float a passively-managed ELSS fund. |
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