Abstract
Mutual funds are investment vehicles which pool money from various individual investors and are managed by professional fund managers. In India there are varieties of mutual funds namely Equity funds, Debt funds, Liquid funds, Balance funds, Exchange Traded Funds (ETFs) etc. This study focuses on four Exchange Traded Funds (ETFs) namely Aditya Birla Sun Life Gold ETF, Axis Gold ETF, HDFC Gold Exchange Traded Fund and SBI-ETF Gold. All these funds have Nifty 50 as their benchmark. To compare the performance of these funds Average returns, Standard deviation, Beta, Sharpe ratio, Treynor ratio, Jensen alpha, Sortino ratio and Information ratio were calculated for five financial years (April 1st 2015 to March 31st 2020). The results suggest that all the schemes have better returns than Nifty 50 and all the schemes have defensive relationship with market.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
