A Study on Performance of Indian Mutual Fund Open Ended Tax Saving Schemes

Abstract

Mutual Fund is a trust which pools the savings of a number of investors who share a common financial objective. Mutual funds are unit one among the most effective investments ever created as a result of they are terribly price economical and extremely straightforward take a position in. Investors in India select the tax saving Open-end investment company schemes for the straightforward reason that it help them to lots of cash. The tax saving mutual fund or the equity linked savings schemes (ELSS) receive certain tax exemptions under section 80C of the Income Tax Act, 1961. That is one of the reasons why the India investors add their investments to the tax savings mutual fund schemes. The tax saving mutual fund schemes are one of the important types of mutual funds in India that investors can opt for. The present titled “A study on Performance of Indian Mutual Fund Open Ended Tax Saving Schemes” is an attempt to evaluate the performance of mutual fund schemes of five selected AssetManagement Companies such as IDFC, L&T Financial Services, TATA, Franklin and SBI. The analytical research methodology has been adopted for the study. The data has been collected from five Asset management companies(AMC) for five years. Making use of statistical tools the data collected has been analysed.