The Budget announced that the government will offer an investment option in CPSE related Exchange Traded Funds (ETFs), on the lines of Equity Linked Savings Scheme (ELSS). ELSS are equity-oriented mutual funds with a lock-in period of three years and are eligible for 80C benefit. ETFs are passively managed mutual fund schemes traded on the BSE and the NSE, like other shares. Through demat accounts, investors can buy and sell ETF units at prevailing market prices.
Nine big financial changes that you must watch out for in October
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