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Funds with active ELSS can launch passive schemes
Financial Express Mumbai
|January 12, 2023
Earlier, asset managers could launch either active or passive ELSS
THE SECURITIES AND Exchange Board of India has allowed mutual funds having existing active equity linked savings schemes (ELSS) to launch passive ELSS schemes, provided fresh flows to such existing active schemes are halted.
Earlier, asset managers could launch either active or passive ELSS schemes.
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