PERFORMANCE EVALUATION OF EQUITY-LINKED SAVINGS SCHEMES OF MUTUAL FUNDS: AN EMPIRICAL STUDY

Abstract

This paper evaluates the performance of the top ten Equity Linked Saving Schemes (ELSS) offered by various mutual funds in India, using metrics such as Beta, Sharpe ratio, and Treynor ratio. ELSS is a tax-advantaged investment under Section 80C of the Income Tax Act of 1961, allowing investors to benefit from potential tax rebates and savings