Performance Evaluation of Equity Linked Saving Schemes: An Evidence from India
This paper tries to evaluate the performance of top 10 tax saving mutual fund schemes operating in India for a period of 10 years which ranges from 1-04-07 to 31-03-17. Performance has been evaluated on the basis of annual returns and compared to benchmark index of NIFTY- 50, various tools like average return, beta, Sharpe ratio, Treynors ratio and Jensen alpha have been used for the study.