SEBI allowed mutual funds to launch passively managed ELSS, though with a caveat that mutual funds can have either an actively-managed ELSS scheme or passively-managed one, but not in both categories
In the past year, large-cap funds on average have given returns of 26.45 per cent, while mid-cap and small-cap funds have given returns of 29.5 per cent and 40.4 per cent, respectively
