Brown ground beef in Instant Pot using the sauté function. Drain off any excess grease.

Add taco seasoning and 1/2 cup of water to the beef. Stir and cook for 2-3 minutes.

Add diced tomatoes, black beans, corn, great northern beans, chicken broth, ranch dressing mix, and salsa to the Instant Pot.

Stir well to combine.

Secure the lid and set the Instant Pot to cook on high pressure for 10 minutes.

Allow the pressure to release naturally for 10 minutes, then quick release any remaining pressure.

Serve hot with your favorite toppings such as sour cream, cheese, avocado, and tortilla chips.