A Study on Performance Evaluation of Gold Exchange Traded Funds in India: Pre & Post Covid Scenario
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 04
Abstract
For centuries, Indians have had a strong affinity for gold. However, it was only in the year 2007 when India launched its first gold ETF (Gold BeES). The underlying asset of these ETFs is gold. Also, gold ETFs give you exposure to the Indian gold market. Gold Exchange Traded Funds, or Gold ETFs, are open-ended mutual fund schemes based on the ever-fluctuating cost of gold. Physical gold, on the other hand, does not generate an income. Also, the making charges on physical gold are high. Gold ETFs give investors exposure to the gold market. They are an excellent choice of investment for investors looking to beat inflation in the long run. This paper takes a look at the performance evaluation of gold ETFs in India all through the COVID-19 Pandemic Situation. An evaluation is achieved using overall performance assessment strategies inclusive of the Treynor Performance Index, the Sharpe Performance Index, and the Jensen Performance by measuring the alpha, beta, and preferred deviations of the selected ETFs traded on the NSE. Data for this examination was gathered from the NSE website over a two-year period, from December 1st, 2018 to November 30th, 2020.Gold Exchange Traded Funds, or Gold ETFs, are open-ended mutual fund schemes based on the ever-fluctuating cost of gold. Physical gold, on the other hand, does not generate an income. Also, the making charges on physical gold are high. Gold ETFs give investors exposure to the gold market. They have a look at suggests that the Quantum Gold Fund (ETF) plays moderately nicely in accordance with Sharpe's Model, Treynor's Model, and Jensen's Model.
Authors and Affiliations
Sura Goverdhan, Dr. M. Jeyakumaran
Keywords
Related Articles
- EP ID EP707181
- DOI 10.47191/jefms/v5-i4-14
- Views 65
- Downloads 0
Assessment of Customer Satisfaction and Behavioural Intension at Interactive Engineering Consultant (IEC) Villa and Resort, Durumi Abuja-Nigeria
This study assessed the effect of service quality, price, physical design, environment, technology as well as other tangible and reliability-based factors as determinants of customers’ level of satisfaction and behaviora...
The Influence of Convenience, Benefits, Security and Trust on the Interest in Using Financial Technology in OVO Applications as a Digital Payment
This study aims to obtain data and find out the influence of convenience, benefits, security and trust on the interest in using financial technology in OVO applications as a digital payment study in the case of accountin...
E-Wallet Usage Intention through Technology Acceptance Model and Technology Readiness in Indonesia
Digital transformation plays an important role in affecting consumer behavior in society. One of the changes that have occurred in society can be seen in the way people buy and pay for products using e-wallets. This phen...
Portrait of Household Food Security of Rice Farmers in Indonesia
The status of Tulungagung Regency as a food buffer area in East Java Province does not guarantee the food security of its farmer households. This study was aimed to determine the characteristics of rice farming household...
In The Case of False Financial Reporting/False Corporate Communications, Is it Appropriate to Identify Quantitative Thresholds that Trigger Criminal Sanctions, or is it Desirable not to Set Such Thresholds?
False corporate communications characterised by the circumstance that they are punished with criminal sanctions may be governed by dual legislation: on the one hand, it is possible to identify legislations that provide f...