Investment Performance of ELSS from 2009 to 2021 in India
India offers a wide range of mutual fund investment schemes, but equity-linked savings scheme mutual funds (ELSS Growth plans) are becoming more, and more well-liked because of their special qualities, and benefits for investors. Due to the increasing demand for ELSS, researchers have chosen to use a number of ratios, including the Treynor, Jensen, Sharpe, and expense ratios, to assess the investment performance of different ELSS. 12 Diversified Equity Mutual Funds (DEMF Growth plans), and 27 ELSS funds were chosen for the study based on their market continuity from 2009 to 2021. The risk-adjusted investment performance of ELSS, and DE funds, as determined by the Treynor, Sharpe, Jensen, and expense ratios, was determined to be statistically not significant following the use of Welch's t-test. A statistically equivalent average between ELSS funds, and DEM funds may be shown from the mean of the Treynor, Jensen Alpha, Sharpe, and Expense Ratio metrics. According to this research, ELSS funds and Diversified Equity Funds have comparable risk-adjusted performance.
Institutions
- Patel Hospital (IN)
- G.S. Science, Arts And Commerce College (IN)
Publication Details
- Journal
- Zenodo (CERN European Organization for Nuclear Research)
- Published
- 2024-12-26
- DOI
- https://doi.org/10.5281/zenodo.14546211
- Primary Topic
- Financial Markets and Investment Strategies
- Type
- article
- Field-Weighted Citation Impact
- 0.00