Published October 11, 2025
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LTCG and ELSS: A Case Study of Indian Tax Policy and Investment Behavior.
Authors/Creators
- 1. Principal & Research Scholar, Department of Business Administration, Sri Vidyaniketan Degree College & Vijayanagara Sri Krishnadevaraya University, Ballari, India
- 2. Assistant Professor, Department of Business Administration, Vijayanagara Sri Krishnadevaraya University, Ballari, India
Description
This study examines the short-term market response of Equity-Linked Savings Schemes (ELSS) to the announcement of the Long-Term Capital Gains (LTCG) tax during the 2018 Union Budget presentation in India. Employing an event study methodology, we analyze the cumulative abnormal returns (CARs) of a sample of 104 ELSS schemes to assess the impact of the tax announcement on investor sentiment and NAV movements.
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