Performance Analysis and Comparative Study of Equity Linked Savings Schemes (ELSS) in India

Authors

  • Bageshree P. Bangera Bandekar
  • Poonam D Shah

Abstract

This research paper aims to provide a comprehensive analysis of Equity Linked Savings Schemes (ELSS) in India, focusing on their performance, tax benefits, and suitability for various investor profiles. The study examines the historical performance of select ELSS funds over the past five years, analyzing annual returns and average growth rates. Additionally, it compares ELSS with other tax-saving instruments, such as Public Provident Fund (PPF), National Savings Certificate (NSC), 5-Year Tax-Saving Fixed Deposits, and National Pension System (NPS), in terms of lock-in period, risk level, expected returns, and tax deductions under Section 80C. The research also offers insights into the investing class for ELSS and key factors to consider while selecting ELSS funds. By providing a thorough analysis and comparison, this paper aims to guide investors in making informed decisions to achieve their financial objectives while optimizing tax benefits.

Downloads

Published

2024-03-27