Volume : III, Issue : VII, July - 2014

An Emprical Study of Performance Evaluation of Selected Elss Mutual Fund Schemes

J. Lilly, Dr. D. Anusuya

Abstract :

ELSS is a dedicated mutual fund scheme that allows investors to save tax. ELSS falls under section 80C, one can claim up to Rs. 1, 00,000 from his/her investment as a deduction from his/her gross total income. It also provides an opportunity for long term capital appreciation. Since it is an equity fund, the returns from this scheme are market determined. In this study performance of 49 open-ended tax saving ELSS schemes were examined for the period between April 2008 to March 2013. Sharpe ratio, Treynor ratio, Sortion ratio and Jensen’s Alpha are used in performance evaluation of funds. It was found that LIC Nomura MF growth and dividend schemes has outperformed the market and are risk borne when compared to other schemes.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

J. Lilly, Dr. D.Anusuya An Emprical Study of Performance Evaluation of Selected Elss Mutual Fund Schemes International Journal of Scientific Research, Vol : 3, Issue : 7 July 2014

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