IIFL launches India's first ELSS Index Fund

 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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