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23 ELSS funds change names

“This change is generally to bring uniformity across the names and the category. This guideline by Sebi will bring parity on the name of the schemes. Most of the fund houses have it in other categories, now they are bringing parity in this category,” says Chokkalingam Palaniappan, Director of Prakala Wealth, a Chennai-based advisory firm. ....

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Did your ELSS Fund's name change? Should you do anything?

Fund houses earlier used to name their schemes as per their choice, but the new names have ELSS and/or tax saver in them. For example, ICICI Prudential Long Term Equity Fund (Tax Saving) is renamed ICICI Prudential ELSS Tax Saver Fund. Similarly, Mirae Asset Tax Saver Fund will now be called Mirae Asset ELSS Tax Saver Fund. ....

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Zerodha Mutual Fund launches two passive funds: should you invest?

The scheme will be benchmarked against Nifty LargeMidcap 250 Index TRI. The minimum application amount is Rs 100 and in multiples of Re 1 thereafter. ....

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Your Questions Answered: What are tax-saving index mutual funds and how do they work?

Tax-saver index funds, or ELSS index funds, are a type of ELSS mutual fund that invests in stocks mirroring a specific market index (e.g., Nifty 50 or Sensex), providing tax benefits and the potential for investment growth. ....

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