Performance Analysis of Select Tax Savings Mutual Fund Schemes in India

Author(s): Manoj Kumar Singh

Abstract:

Tax-saving mutual funds, also referred to as "Equity Linked Saving Schemes" (ELSS), have the potential to yield respectable returns in addition to tax advantages. Understanding the concept of equity-linked saving schemes, analyzing the ELSS's performance using risk-return parameters, comparing the ELSS's performance to the benchmark, and assessing the ELSS's level of diversification are the goals of this empirical study, which used secondary data and examined seven ELSS between December 2009 and December 2019. According to the results, all of the schemes had sufficient diversification, and the Axis Long Term Equity Fund continued to be the top performer.

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Pages: 23-29     |    1 View     |    0 Download