Published Paper Details:

A mutual fund is a trust that gathers funds from a group of investors with a common investment goal. and invests the money in several sorts of securities such as stocks, bonds, debt, etc. An Equity-linked saving scheme is an open-ended equity diversified fund, which provides a tax benefit to investors under section 80 C of the Income Tax Act, 1961. Though, with a large number of ELSS funds available, investors face the challenge of choosing suitable ELSS funds to meet their needs. This paper aims to study the performance of equity-linked saving schemes in India. Daily NAV of the selected schemes has been used to calculate the returns from the fund schemes. S&P BSE Sensex has been used for the market portfolio. The data has been taken from various websites and www.amfiindia.com. The data for the market portfolio has been taken from www.bseindia.com. For analysis, average return, standard deviation, beta, Sharpe measure, Treynor measure, and ANOVA were used.