Use rolling returns to select consistent tax-saving funds

The funds included have beaten their benchmarks 90% of the time or more

Business Standard 

They can help you remove the biases induced by the use of point-to-point returns Point-to-point returns, widely used to judge a fund’s performance, convey the picture only at a given point of time  If the fund has not done well at certain points in the past, that is not captured Use rolling returns to overcome this bias  We calculated the three-year return at monthly periodicity over a five-year period for all equity-linked savings schemes (ELSS) Of the 60 data points (less in case of funds started later), we checked what ...

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Read our full coverage on tax

Use rolling returns to select consistent tax-saving funds

The funds included have beaten their benchmarks 90% of the time or more

The funds included have beaten their benchmarks 90% of the time or more They can help you remove the biases induced by the use of point-to-point returns Point-to-point returns, widely used to judge a fund’s performance, convey the picture only at a given point of time  If the fund has not done well at certain points in the past, that is not captured Use rolling returns to overcome this bias  We calculated the three-year return at monthly periodicity over a five-year period for all equity-linked savings schemes (ELSS) Of the 60 data points (less in case of funds started later), we checked what ... image
Business Standard
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