Performance Evaluation of Equity Linked Saving Scheme Fund - A Cue for Investment Decision
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Mutual funds in India, particularly Equity Linked Saving Schemes (ELSS), have witnessed remarkable growth and have become pivotal players in the Indian capital market. This research paper aims to assess the performance of the top six ELSS schemes offered by different mutual funds in India. By employing various analytical tools like Beta, Risk adjusted measures, Sortino ratio, Coefficient of determination (R^2). This study endeavors with valuable insights to deliver the investors for the selection of suitable ELSS funds aligned with the individual’s investment objectives. The study tells that the majority of ELSS funds have exhibited strong performance under metrics, consistently delivering appreciable returns.
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