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An Equity Linked Savings Scheme, popularly known as ELSS, is a type of diversified equity scheme which comes, with a lock-in period of three years, offered by mutual funds in India. They offer tax benefits under the Section 80C of Income Tax Act 1961. SEBI recently allowed mutual funds to launch passively managed Equity-Linked Savings Schemes (ELSS). However, it said that mutual funds can have either an actively-managed ELSS scheme or a passively-managed one but not in both categories. The passive ELSS scheme should be based on one of the indices comprising equity shares from top 250 companies in terms of market capitalisation, SEBI said in a circular. Besides, SEBI has put in place a framework for managing passive funds — Exchange Traded Funds (ETFs) and Index Funds.
NTPC and________Â have entered into an agreement to explore collaborations in the areas of renewable energy, production of green hydrogen and its deriv...
‘Androth’, the second of 08 x ASW Shallow Water Craft (SWC) Project, built by M/s GRSE for Indian Navy was launched on which port city?
Which company collaborates with the National Education Society for Tribal Students (NESTS) to roll out the plan Future Engineers?
Why was Rahaab Allana bestowed with the insignia of Officier dans l'Ordre des Arts et des Lettres by the French government?
According to a Reuters poll of economists, what was the expected consumer price inflation (CPI) for August 2024?
Which book provides a comprehensive analysis of the individuals who served as the chief of the Reserve Bank of India?
What recent (April 2024) announcement did the National Stock Exchange (NSE) make regarding derivatives contracts?
What is the purpose of SpaceX launching its satellite internet service, Starlink, in Mongolia?
“It’s Fun Banking” is the tagline of which of the following small finance banks?
Which of the following statements about Nokia and IISc partnership on 6G tech is/are correct?
1.Nokia has partnered with IISc to research 6G tech...