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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.
Atal Tunnel connects which two places?
Which of the following position can not be a part of Delimitation commission in India?
Murudeshwar Temple is situated on Kanduka Giri in the state of ___________.
Bawris are traditionally used for:
All the soldiers are arranged in the form of an equilateral triangle i.e. one soldier in the front and 2 soldiers in the second row and 3 soldiers in th...
What is the capital of Canada?
Which of the following statements about globalization is/are correct?
1. It has fuelled the spread of trans- border currencies, digital cash and ...
Small amounts of iodine are necessary in our diet to:
Which of the following indexes are used to calculate Human Development Index?Â
1. Life Expectancy Index
2. Education Index
3. NNI Index
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