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Passive ELSS Mutual Funds

Passive ELSS (Equity-Linked Savings Scheme) Mutual Funds are tax-saving investment options that mirror the performance of a specific stock market index, such as the Nifty 50 or Sensex. Unlike actively managed funds, these funds follow a passive approach, aiming to replicate the index’s performance without attempting to outperform it. They consist of equities from the top 250 companies by market capitalization, offering broad market exposure. View More

Passive ELSS Mutual Funds were introduced following SEBI’s circular in May 2022, and are part of the “other schemes” category. This update became effective on July 1, 2022, and mandates that Asset Management Companies (AMCs) offer either active or passive ELSS funds—not both.

Investors benefit from tax deductions under Section 80C of the Income Tax Act, making these funds appealing for tax-saving purposes. With lower expense ratios and reduced management intervention, passive ELSS funds are an efficient and transparent investment choice.

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Passive ELSS Mutual Funds List

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logo 360 ONE ELSS Tax Saver Nifty 50 Index Fund-Dir Growth

11.75%

Fund Size (Cr.) - 76

Invest
logo Navi ELSS Tax Saver Nifty 50 Index Fund-Dir Growth

11.71%

Fund Size (Cr.) - 73

Invest
logo Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund-Direct Growth

20.57%

Fund Size (Cr.) - 145

Invest

Who Should Invest in Passive ELSS Mutual Funds?

Features of Passive ELSS Mutual Funds

Factors to Consider While Investing in Passive ELSS Mutual Funds

Popular Passive ELSS Mutual Funds

  • Min SIP Investment Amt
  • ₹ -
  • AUM (Cr.)
  • ₹ 76
  • 3Y Return
  • -

  • Min SIP Investment Amt
  • ₹ ₹ 500
  • AUM (Cr.)
  • ₹ 73
  • 3Y Return
  • -

  • Min SIP Investment Amt
  • ₹ ₹ 500
  • AUM (Cr.)
  • ₹ 145
  • 3Y Return
  • -

FAQs

Passive ELSS funds are taxed at 10% on long-term capital gains exceeding ₹1 lakh. Additionally, investments up to ₹1.5 lakh qualify for tax deductions under Section 80C.

The risk rating depends on the index they track. Generally, these funds are moderately risky due to their diversified market exposure.

These funds suit long-term investors seeking tax benefits, low costs, and minimal active management. They are ideal for individuals comfortable with moderate market risk.

All ELSS funds, including passive ones, have a 3-year lock-in period, during which withdrawals are not allowed.

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