Why passive mutual funds in ELSS category are a much needed reform
Updated: 31 May 2022, 10:43 AM IST
TL;DR.In a circular - Development of Passive Funds - released on May 23, Sebi has allowed fund houses to launch a passive ELSS fund. But, with a catch.
Is this dawn of a new era as passive investment gets SEBI nod in ELSS?