Passively tracks a named benchmark index rather than picking stocks actively. Returns mirror the index, minus tracking error and a (typically low) expense ratio.
Taxation: depends on the scheme's actual equity allocation at any given time, which can shift the applicable tax treatment — check the specific scheme's category classification. This is general information, not tax advice — confirm current rules for your situation with a qualified professional.
See the full live category table on the dashboard, or estimate returns with the MF returns calculator using this category's actual historical median.