International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Fully Refereed | Open Access | Double Blind Peer Reviewed

ISSN: 2319-7064


Downloads: 134 | Views: 214

Research Paper | Aerospace Engineering | India | Volume 8 Issue 6, June 2019


An Empirical Study of Performance Evaluation of Selected ELSS Mutual Funds

Ayub Ahamed K S [2] | Mahajabeen


Abstract: Mutual fund is tool of investment, which offers investors the opportunity to pool their money with other investor in an investment that’s managed by professional investment managers. Mutual fund invest in stocks, bonds or other securities to each fund’s objective. Equity linked saving schemes, is dedicated mutual fund scheme that allows investor to save tax. ELSS falls under section 80 C, one can claim up to 1, 50, 000/- from his/her investment as a deduction his/her gross total income. It also provides an opportunity for long term capital appreciation. In this paper study the performance of ELSS mutual funds of 10 tax saving schemes through various tools like Beta, Sharpe ratio, Jensen ratio. It suggest suitable time to invest for the investor.


Keywords: Mutual funds, Equity linked saving schemes, Risk and return, Income Tax act


Edition: Volume 8 Issue 6, June 2019,


Pages: 1778 - 1783


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