slugPerformance indicators of Equity linked saving schemes in India:An empirical Analysis
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2014, Vol 2, Issue 3
Abstract
An investment is the sacrifice of today’s consumption to gain profitable returns in the future. Therefore the Investors are very cautious while making investment decision expects higher return at lower risk. The tax paying investors Prefers to invest their money which provide them an opportunity to avail some tax exemption apart from other objectives of investment like better return, safety on their investment, liquidity etc. There are various avenues are available in the financial market such as Fixed Deposit, Public Provident Fund (PPF), National Savings Certificate (NSC), Insurance, tax saving mutual funds etc which provides Tax relaxation. These tax saving mutual funds are known as Equity linked saving schemes (ELSS). These ELSS funds provides tax exemption of the income invested in them u/s 80(c) of Income Tax Act 1961 other than the attractive benefits of mutual fund investment higher returns at low risk, safety, minimum investment , professional management and Transparency etc. The present study is an attempt to evaluate the performance of ELSS funds and also factors affecting their performance.
Authors and Affiliations
Dr. Namita Srivastava
Keywords
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