Analysis of tax savings equity mutual funds in India Dr. Megharaja B Assistant Professor, Department of Studies and Research in Commerce, Vijayanagara Sri Krishnadevaraya University, Jnanasagara, Vinayaka nagar, Cantonment, Ballari Online published on 7 October, 2019. Abstract The tax plays vital role for the development of any economy, for the growth of economy, it needs revenue, every countries raise revenue through none other than the tax. Every government put tax on every citizen (i.e. whose income having more than the limit) of country whether directly or indirectly to make balance of the their economy, in that investors, it means who is having income more than the limit, they can invest some avenues to take deductions under section 80C, whether they may invest in Post office, Additional NPS, Insurance and mutual fund etc. In the present context, savings play significant role for the tax savers (Employees), but present employees confusing to select right kind of avenues to save the money, hence the study attempted to know the selected tax savings schemes in mutual fund in India. The study has selected three tax savings scheme, i.e. LIC MF Tax Plan, SBI Magnum Tax gain Scheme and UTI Long Term Equity Fund. Those selected schemes have been compared with Nifty 50 index as benchmark and 364 days Treasury bill as risk free rate of return. The collected data has been analysed and interpreted with suitable statistical tools in order to achieve study objectives. Top Keywords Mean Standard deviation, Regression, alpha, beta, one sample t-test, correlation, Regression, ANOVA etc. Top |