EFFECT OF CORONA PANDEMIC IN PERFORMANCE EVALUATION OF SELECTED ELSS MUTUAL FUNDS IN INDIA
DOI:
https://doi.org/10.55829/ijmpr.v1i4.73Keywords:
Mutual Fund, ELSS, Standard Deviation, Beta, Sharpe’s Ratio, Jensen’s Alpha, Treynor’s RatioAbstract
In this paper, ELSS mutual fund performance evaluation is measured through statistical ratios like Standard Deviation, Beta, Sharpe’s Ratio, Jensen’s Alpha, and Treynor Ratio. All the ratios were calculated on the daily returns of the last 3 years. The daily NAV was taken from the websites and the yearly return was calculated on the basis of NAV. The data of NAV was taken from 2017-18 to 2021-22. Effect due to the Corona pandemic can be seen in returns of all funds. Each fund gave a very low return or negative return during 2018-19 and 2019-20. But once the recovery from the corona pandemic started in 2020-21, every fund has given a tremendous return of over 55%. It was found that an investor must take into consideration the risk ratios before investing. The Sharpe ratio was positive for all funds, which means every fund has given more than the risk-free rate. All other ratios were also showing the good performance of mutual funds.
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