Mutual funds with active ELSS allowed to launch passive schemes. What it means for investors
- Mutual funds can launch passive ELSS after the closure of the existing actively-managed ELSS fund for subscription
Securities and Exchange Board of India (Sebi) said in a recent circular that mutual funds (MFs) in India can launch passive equity-linked savings scheme (ELSS) but only after the closure of the existing actively-managed ELSS fund for subscription.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more