IIFL launched India’s first tax-saver index fund. IIFL ELSS Nifty 50 Tax Saver Index Fund is an Index Fund that tracks the Nifty 50 as its Index. The NFO is open from 1st December 2022 to 21st December 2022. Should you invest as its low-cost passive fund compared to active ELSS Funds?
We all know that Index Funds or Passive Funds are gaining popularity. IIFL launched this ELSS Nifty 50 Tax Saver Index Fund to utilize this popularity.
IIFL ELSS Nifty 50 Tax Saver Index Fund – Should you invest?
Try to read the below points before jumping to conclusion that one must invest in this index fund which is low-cost in nature.
# Do you NEED an ELSS Fund for tax savings?
The first question you have to ask yourself is whether you really need it or not. Filling the Sec.80C limit nowadays is not so difficult. Just because the low-cost ELSS index fund is available does not mean you have to jump in.
The list of options available to fill the Sec.80C gap is EPF, PPF,…