LTCG and ELSS: A Case Study of Indian Tax Policy and Investment Behavior.

This study examines the short-term market response of Equity-Linked Savings Schemes (ELSS) to the announcement of the Long-Term Capital Gains (LTCG) tax during the 2018 Union Budget presentation in India. Employing an event study methodology, we analyze the cumulative abnormal returns (CARs) of a sample of 104 ELSS schemes to assess the impact of the tax announcement on investor sentiment and NAV movements.

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Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2025-10-11
DOI
https://doi.org/10.5281/zenodo.17325155
Primary Topic
Pharmaceutical Practices and Patient Outcomes
Type
article
Field-Weighted Citation Impact
0.00
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article

LTCG and ELSS: A Case Study of Indian Tax Policy and Investment Behavior.

Zenodo (CERN European Organization for Nuclear Research)
Pharmaceutical Practices and Patient Outcomes
article

LTCG and ELSS: A Case Study of Indian Tax Policy and Investment Behavior.

article en

Abstract

This study examines the short-term market response of Equity-Linked Savings Schemes (ELSS) to the announcement of the Long-Term Capital Gains (LTCG) tax during the 2018 Union Budget presentation in India. Employing an event study methodology, we analyze the cumulative abnormal returns (CARs) of a sample of 104 ELSS schemes to assess the impact of the tax announcement on investor sentiment and NAV movements.

Zenodo (CERN European Organization for Nuclear Research)
Sri Krishnadevaraya University (IN), Vijayanagara Sri Krishnadevaraya University (IN)
Partnerships for the goals
Openalex Percentile: Top 42%
Pharmaceutical Practices and Patient Outcomes
DOIOpen Access PDFOpenAlex
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LTCG and ELSS: A Case Study of Indian Tax Policy and Investment Behavior. · Zenodo (CERN European Organization for Nuclear Research) (2025) | TGRS Research Map | TGRS