An Empirical Study of Performance Evaluation of Selected ELSS Mutual Funds

Mutual fund is tool of investment, which offers investors the opportunity to pool their money with other investor in an investment that�s managed by professional investment managers. Mutual fund invest in stocks, bonds or other securities to each fund�s objective. Equity linked saving schemes, is dedicated mutual fund scheme that allows investor to save tax. ELSS falls under section 80 C, one can claim up to 1, 50, 000/- from his/her investment as a deduction his/her gross total income. It also provides an opportunity for long term capital appreciation. In this paper study the performance of ELSS mutual funds of 10 tax saving schemes through various tools like Beta, Sharpe ratio, Jensen ratio. It suggest suitable time to invest for the investor.