Fund News

IIFL Nifty ETF, not qualified for Section 80CCG deduction

IIFL Mutual Fund has decided to withdraw the IIFL Nifty ETF from benefits under Rajiv Gandhi Equity

IIFL Mutual Fund has decided to withdraw the IIFL Nifty ETF from benefits under Rajiv Gandhi Equity Saving Scheme, 2012.

As a result, IIFL Nifty ETF will not be eligible to claim deduction under Section 80CCG of Income Tax Act, 1961 with effect from May 14, 2015.

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