IIFL launches India's first ELSS Index Fund.
Till now only actively managed Mutual Funds were available in ELSS category.
Now with this, investors will have a low-cost passive fund tracking the Nifty 50 index; with tax benefits.
SEBI allowed ELSS Passive Funds category in May this year.
IIFL is the first one to launch an NFO for a fund like this.
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