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Start learning 50% faster. Sign in nowAn 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.
A mortgages a piece of land to B and later on builds a house thereon, which of the following conditions is applicable?
The President shall be ________
Under what circumstances can any authority authorized by the Central Government detain an aircraft, as per the Aircraft Act?
Which of the following definitions accurately describes a "Member" as per FEMA?
As per Chhattisgarh Land Revenue Code 1959, who shall make the assessment of "Land Revenue” on all lands on which the assessment has not been made?...
What does the term Lok Adalat mean?
Under Negotiable Instrument Act 1881, a negotiable instrument may be negotiated
Facts not otherwise relevant if support or are inconsistent with opinion of experts,
When was the Motor Vehicles Act enacted and when did it come into force?
As per the Motor Vehicles Act any person who is not disqualified for driving a motor vehicle may apply to any of the licensing authority in the State___...
