Published Paper Details:

A mutual fund is a type of trust that pools money from investors who share a common investing objective. It makes investments with the funds in a variety of instruments, including debt, bonds, and stocks. An open-ended equity diversified fund known as an Equity-Linked Savings Schemes (ELSS) offers investors a tax benefit under section 80 C of the Income Tax Act of 1961. Though it might be difficult for investors to select the right ELSS funds given the abundance of options available, there are always a variety of investment options available to investors, allowing them to save money in various ways and earn substantial returns. Investing in the ELSS program is one option for this saving objective. This research paper aims to investigate the ELSS Tax Saving Mutual Funds offered by AMCs of two prominent private banks, Kotak Mahindra Bank and HDFC Bank, as well as factors that ought to be taken into account when making an investment. Additionally, the performance of the chosen ELSS mutual funds is disclosed by the current study. Various financial instruments are employed to facilitate the analysis. The goal of the study was to evaluate the performance of two chosen ELSS tax savings plans and determine which is a better choice for investors out of the two. Several financial metrics that are often employed in decision-making are also utilized to examine the risk associated with these tax-saving mutual funds.