December 5, 2022, 10:36am
For those who always wished for a passive Index ELSS fund.
More details are in the news article.
IIFL launches India’s first passive tax-saving fund after SEBI’s nod
IIFL launches India’s first passive tax-saving fund after SEBI’s nod (moneycontrol.com)
December 10, 2022, 11:15am
we have to wait and see the AUM size, expense ratio and tracking error
Until there is need for 80C, better to avoid this and invest in non-ELSS Index funds like UTI nifty 50
there is need for 80C
This is purely meant for ELSS. Othewise, what’s the point of having this in your PF with a lock in of 3 years?
@Bhuvan :- news says
" The Fund’s
issue open date is Dec 01, 2022 and issue close date is Dec 21, 2022 . The NAV of the fund will remain Rs. 10 during the New Fund Offer (NFO) initial subscription period. Post this period, the allotment of units for the fund will be made on Dec 28, 2022"
I don’t see this under zerodha coin NFO tab
December 11, 2022, 2:24pm
NFOs are temporarily unavailable on Coin since we are transitioning to a new transaction processing system. Will be available soon.
You can invest in this fund once it is available for continuous purchase within a week of the NFO closing.
I still don’t see this fund on Coin. Any deadlines?