A comparision of various Equity Linked Savings Schemes (ELSS) is made to check for its performance, in what has been one of the toughest years for most equity schemes in the Indian Mutual Fund Industry. ELSS schemes, considered the darling for most retail investors and advisors are maily used as Tax Saving Instrument under Section 80/C. These schemes provided astronomical returns for a majority of last 5 yrs beating other products available for tax planning purpose under the 80/c section.
Baring Gold ETF(Gold Exchange Traded Fund) and some debt scheme most of the schemes have given negligible or negative returns to most of the investors. The ELSS schemes have let down many of its staunchest believers, who considered the lock-in period (3 yrs) available to the Fund Manager, as sufficient for enough for expecting higher returns.
Click on the link to view the comparision sheet.elss-
