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A multi-criteria-based analytical study of the impact of COVID-19 on ELSS fund performance

Author

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  • Sanjib Biswas
  • Dragan Pamucar
  • Jayanta Nath Mukhopadhyaya

Abstract

This paper examines the impact of COVID-19 on the performance of select equity linked savings scheme (ELSS) funds in India for two different time periods namely June 2019 (before COVID-19) and June 2021 (after COVID-19) using risk, return and market perception based criteria. We use a hybrid multi-criteria decision-making (MCDM) framework of level based weight assessment (LBWA) and measurement of alternatives and ranking according to compromise solution (MARCOS). We test the group harmony using Kendall's concordance coefficient. We find that the result is validated and shows stability in the sensitivity analysis. To the best of our knowledge, the present work is the first of its kind that assesses the impact of COVID-19 on asset management companies (AMC) of ELSS funds from multiple perspectives. We observe that AMCs are unable to maintain their performance and ranks which suggests a highly competitive and fragmented nature of India's growing ELSS funds.

Suggested Citation

  • Sanjib Biswas & Dragan Pamucar & Jayanta Nath Mukhopadhyaya, 2022. "A multi-criteria-based analytical study of the impact of COVID-19 on ELSS fund performance," International Journal of Management and Decision Making, Inderscience Enterprises Ltd, vol. 21(4), pages 339-378.
    • Handle: RePEc:ids:ijmdma:v:21:y:2022:i:4:p:339-378
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    Cited by:

    1. Sanjib Biswas & Aparajita Sanyal & Darko Božanić & Adis Puška & Dragan Marinković, 2023. "Critical Success Factors for 5G Technology Adaptation in Supply Chains," Sustainability, MDPI, vol. 15(6), pages 1-23, March.

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