ANALYTICAL STUDY ON THE PERFORMANCE EVALUATION OF GOLD ETFS IN INDIA

Abstract

Purpose: This study evaluates the performance of Gold Exchange-Traded Funds (ETFs) in India. It aims to provide insights for investors by analyzing various performance metrics. The objective is to understand how these ETFs compare with other investment options. Methodology: The methodology involves analyzing returns, volatility, and tracking error of selected Gold ETFs using statistical tools such as Sharpe Ratio, Jensen’s Alpha, and Standard Deviation. Data is collected from sources like the National Stock Exchange (NSE) and financial reports of Gold ETFs. Findings/Results: Key findings highlight trends in performance, showing that Gold ETFs offer competitive returns with moderate to high volatility. The results suggest that these ETFs are viable investment options, providing a hedge against market volatility and inflation. Originality/Value: This study provides a comprehensive analysis specific to the Indian market, addressing gaps in existing literature. It offers valuable insights for investors seeking to diversify their portfolios with Gold ETFs. Implications: The findings have significant implications for investors, helping them make informed investment decisions. By understanding the risk-return profile of Gold ETFs, investors can better manage their portfolios and achieve their financial goals. The Research paper focused on the performance evaluation of Gold ETFs in India, providing empirical analysis and practical insights for investors and policymakers.