An Empirical Study on Long Term Performance of Equity Linked Savings Schemes in Mutual Funds

K.Alamelu; Dr.G.Indhumathi

An Empirical Study on Long Term Performance of Equity Linked Savings Schemes in Mutual Funds

September 2017

Vol-3, Issue-5

Paper ID: 6565

ISSN: 2395-4396

Downloads: 0

Abstract & Details

Research Area

Commerce

Keywords

Keywords: Performance Measures Equity Linked Savings Scheme Risk Adjusted Returns.

Abstract

Abstract In this paper, an attempt has been made to evaluate the performance of thirty two growth oriented open ended equity linked savings schemes of tax saving mutual funds in India. Performance has been analyzed on the basis of monthly returns compared to Indian stock market Benchmark, S&P CNX nifty. For this purpose, Risk-adjusted performance measures suggested by Sharpe, Treynor and Jenson have been used. Last five years Net Asset Value of tax saving schemes from 2012-13to 2016-17 has been employed. All the schemes follow the same pattern in its return and moves along with the Stock market index and S&P CNX nifty. The average return of all the schemes is higher and average risk is lower than the Benchmark S&P CNX nifty.

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Author Information

#	Name	Institute / Affiliation
1	K.Alamelu	Research Scholar,Department of Commerce,Mother Teresa Womens University
2	Dr.G.Indhumathi	Assistant Professor -Department Of Commerce,Mother Teresa Womens University,Kodaikanal

How to Cite

Use the following formats to cite this article in your research.

APA Style

K.Alamelu & Dr.G.Indhumathi (2017). An Empirical Study on Long Term Performance of Equity Linked Savings Schemes in Mutual Funds. International Journal of Advance Research and Innovative Ideas In Education, 3(5), 303-314.

MLA Style

K.Alamelu, and Dr.G.Indhumathi. "An Empirical Study on Long Term Performance of Equity Linked Savings Schemes in Mutual Funds." International Journal of Advance Research and Innovative Ideas In Education, vol. 3, no. 5, 2017, pp. 303-314.

IEEE Style

K.Alamelu and Dr.G.Indhumathi, "An Empirical Study on Long Term Performance of Equity Linked Savings Schemes in Mutual Funds," International Journal of Advance Research and Innovative Ideas In Education, vol. 3, no. 5, pp. 303-314, 2017.

Vancouver Style

K.Alamelu, Dr.G.Indhumathi. An Empirical Study on Long Term Performance of Equity Linked Savings Schemes in Mutual Funds. International Journal of Advance Research and Innovative Ideas In Education. 2017;3(5):303-314.

Harvard Style

K.Alamelu & Dr.G.Indhumathi (2017) 'An Empirical Study on Long Term Performance of Equity Linked Savings Schemes in Mutual Funds', International Journal of Advance Research and Innovative Ideas In Education, 3(5), pp. 303-314.

Chicago Style

K.Alamelu and Dr.G.Indhumathi. "An Empirical Study on Long Term Performance of Equity Linked Savings Schemes in Mutual Funds." International Journal of Advance Research and Innovative Ideas In Education 3, no. 5 (2017): 303-314.

Turabian Style

K.Alamelu and Dr.G.Indhumathi. "An Empirical Study on Long Term Performance of Equity Linked Savings Schemes in Mutual Funds." International Journal of Advance Research and Innovative Ideas In Education 3, no. 5 (2017): 303-314.