Is there an ETF which tracks BSE or NSE among ELSS funds eligible for tax deductions under 80C? I see a list of ELSS funds here, but do not see consolidated listing of expense ratios or fund types..
closed as off-topic by Michael, Nathan L, mhoran_psprep, MD-Tech, Nosrac Jun 15 '17 at 12:29
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Is there an ETF which tracks BSE or NSE
There is no ETF [Exchange Traded Fund]. ETF's allow withdrawals at will which is against the 80C eligibility criteria. There should be a lock-in of 3 years.
There are quite a few regular ELSS, but very few fund houses Index based. Franklin has launched such a scheme. However these are no popular. ELSS as these have a lock-in of 3 years, allows a fund manager to better manage the fund and beat the index in terms of returns and hence most / all ELSS are actively managed funds.