Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is a passive ELSS scheme: a Section 80C tax saver that tracks the Nifty LargeMidcap 250 index.

Scheme parameters

What makes it unique

Most ELSS funds are actively managed. This is one of the few passive ELSS options. Implications:

• Lower TER than active ELSS (~1.5% to 2.25%).
• No manager risk.
• Diversified large + mid cap exposure.

Tax treatment

• Up to Rs 1.5 lakh invested in any FY: Deduction under Section 80C (old regime only).
• Capital gain on redemption (after lock-in): LTCG at 12.5% on gains above Rs 1 lakh per FY (post FY 2024-25; rates change).
• Dividends: Taxable at slab rate.

Old vs new tax regime

Section 80C deduction is available only under old tax regime. New regime users get no tax benefit from ELSS, in which case a non-ELSS index fund may suit better.

For complex tax situations, consult a Chartered Accountant.

See also

• Zerodha Nifty LargeMidcap 250 Index Fund
• Zerodha Nifty 100 Index Fund
• Zerodha Fund House overview
• How Zerodha AMC differs from regular AMCs
• Zerodha AMC philosophy (passive-only)
• Zerodha Asset Management Company structure
• Vishal Jain (Zerodha AMC CEO)
• Zerodha Gold ETF
• Zerodha Silver ETF
• Zerodha Nifty 1D Rate Liquid ETF (LIQUIDCASE)
• Zerodha Overnight Fund
• Zerodha Multi Asset Passive FoF
• Invest in Zerodha Fund House via Coin
• ELSS
• Section 80C
• Index fund
• Nifty LargeMidcap 250 index
• Total expense ratio
• Capital gains tax in India
• Direct vs regular plan
• Mutual funds in India
• Old vs new tax regime
• Zerodha
• Coin (Zerodha)
• Tracking error
• SEBI
• AMFI
• Income Tax Act

External references

• Zerodha Fund House
• Income Tax Department
• NSE Indices

References

1. Income Tax Act 1961, Section 80C.
2. Zerodha Fund House, Scheme Information Document, zerodhafundhouse.com.
3. SEBI (Mutual Funds) Regulations 1996, ELSS framework.