Index Fund with ELSS benefits

[rupeshmandal]

https://twitter.com/IndiaEtfs/status/1310445155237769219

Remembered that Zerodha had applied for AMC license.

Zerodha application for AMC license

Just saw it my google feed… and was like woohhoo-ing. extremely excited… @nithin sir thankyou… U r indeed tha best best CEO… Opening zerodha account is the best thing I have done in my life till now… [Screenshot_20200220-232341-01]

@nithin adding this to my wishlist.
Currently, Mirae Asset Tax Saver Fund has the lowest TER in the ELSS category, 0.41%. A Nifty50 index-based ELSS fund can cost about 0.10 - 0.15%.

On a different note, it would be a good starting point for Zerodha AMC. By the design of an ELSS fund, investors won’t stray for 3 years. Also, as suggested by someone in the comments, NPS and EPFO can also start investing in this low-cost index-ELSS fund.

[Bhuvan]

@rupeshmandal

On a different note, it would be a good starting point for Zerodha AMC. By the design of an ELSS fund, investors won’t stray for 3 years.

Our AMC license is quite some time away.

@rupeshmandal

NPS and EPFO can also start investing in this low-cost index-ELSS fund.

Only PSU AMCs get EPFO mandates. NPS was index funds only but it was done away with because they had expense ratio caps. Unlikely AMCs will go back to investing in index in NPS at least.