Department of MBA, Gyan Ganga Institute of Technology and Sciencesni, Durgavati Vishwa Vidyalaya, Jabalpur, (M.P.), India
Online published on 27 February, 2017.
Mutual funds have become an important investment option forpeople from various fields. It is not only popular in India, but is famous over the world. Mutual fund companies collects savings from investors in small quantities and invest the amount in Equity, Debt, Government and other corporate securities. Mutual funds have become a popular vehicle of wealth creation due to high return, lower cost and diversified risk. Mutual funds also offer a benefit of saving tax by investing in Equity Linked Savings Scheme (ELSS). So, as to encourage small investors to invest and gain from equity mutual funds, the Government of India in the year 1992introduced the Equity Linked Savings Scheme (ELSS). The objective of this research paper is to analyze the performance of ELSS schemes of various AMCs, analyze the performance of tax saving options available to investors in India and compare the performance of ELSS schemes of various AMCs. This paper also attempts to compare the expected return of various ELSS schemes with other tax saving options. The period under study is 2012–2015.
ELSS, performance evaluation, tax benefit
