STUDY OF RISK OF SELECTED ELSS EQUITY MUTUAL FUNDS

Indian mutual fund industry is in growth phase over many years. In this research paper examined risk of selected An Equity-Linked Savings Scheme (ELSS) Equity Mutual Funds. For study taken selected ELSS Equity Mutual Funds schemes. Taken 10 ELSS Equity Mutual Funds Direct Plan for the study. The risk of selected ELSS Equity Mutual Funds examined with the help of Standard Deviation and Average Return. The average of average annual return of ELSS Equity Mutual Funds is 16.13% for the selected mutual funds. The average annual return is highest 21.08% for Mirae Asset Tax Saver Fund Direct Plan Growth ELSS and average annual return is lowest 12.77% for Aditya Birla Sun Life Tax Plan Direct Plan Growth ELSS The average standard deviation is 18.91for ELSS Equity Mutual Funds. The standard deviation is highest 29.18 for BOI AXA Tax Advantage Fund Direct Plan Growth ELSS and standard deviation is lowest 13.85 for Kotak Tax Saver Scheme Direct Plan Growth ELSS for the period 2016-2020. The above study show that standard deviation is highest 29.18 for BOI AXA Tax Advantage Fund Direct Plan Growth ELSS so it is very high risky ELSS Equity Mutual Fund. Standard deviation is lowest 13.85 for Kotak Tax Saver Scheme Direct Plan Growth ELSS so it is low risk ELSS Equity Mutual Fund