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Exchange-traded funds (ETFs) have gained popularity among both retail and professional investors due to their cost-efficiency and high liquidity. A comprehensive study has been conducted on ETFs, with a focus on their correlation with benchmark indices such as the NSE/BSE in order to replicate market performance. By utilizing various statistical methods including mean, standard deviation, range, skewness, kurtosis, t-test, alpha, and beta values, the research aims to uncover the complex relationship between the performance of each fund and its benchmark. Moreover, performance models like the Sharpe index, Treynor, Jensen, and Sortino are utilized to calculate ratios, enabling the assessment and ranking of fund performance. Out of the 34 exchange-traded funds analysed, the study identifies LIC MF Exchange Traded Fund—Nifty 50 as the top performer. The findings of this research offer valuable insights for investors looking to select the most appropriate exchange-traded funds for their investment portfolios.

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Evaluating the Efficiency of Index-Based Exchange-Traded Funds in the Indian Stock Market: A Case Study with Emphasis on BSE

  • 会议论文

  • 发表日期：

    2025年

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  • Undabatla Rambabu,
  • Kalyan Kumar Bethu,
  • Naresh Ogirala,
  • K. Deepika,
  • Saikam Varalakshmi,
  • K. Ravi Kiran Yasaswi,
  • Rajesh Kedarnath Navandar

摘要

Exchange-traded funds (ETFs) have gained popularity among both retail and professional investors due to their cost-efficiency and high liquidity. A comprehensive study has been conducted on ETFs, with a focus on their correlation with benchmark indices such as the NSE/BSE in order to replicate market performance. By utilizing various statistical methods including mean, standard deviation, range, skewness, kurtosis, t-test, alpha, and beta values, the research aims to uncover the complex relationship between the performance of each fund and its benchmark. Moreover, performance models like the Sharpe index, Treynor, Jensen, and Sortino are utilized to calculate ratios, enabling the assessment and ranking of fund performance. Out of the 34 exchange-traded funds analysed, the study identifies LIC MF Exchange Traded Fund—Nifty 50 as the top performer. The findings of this research offer valuable insights for investors looking to select the most appropriate exchange-traded funds for their investment portfolios.