Impact of Nifty Bees on Select Gold Exchange Funds with Reference to NSE India

Authors: Dr S Subbalakshmi

DOI: https://doi.org/10.37082/IJIRMPS.2021.v09si05.014

Short DOI: https://doi.org/10/gndds3

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Abstract: The growth of exchange traded funds in India is in ascent stage. Investors who cont take the advantage with direct investments they can take the ETF’S help. The investment spectrum of ETF’S is increasing day by day. In this study how sectorial indices are affecting the ETF’S for the period of 2016 to 2021. The study measured the relationship of select Gold ETFs with the Nifty BeES by applying the vector error correction model. The study result reveals that all the selected ETFs are having the significant relationship with the Nifty BeES. The Ordinary least square method has been used to know the impact of Nifty BeES on the select Gold ETFs and observed that all the Gold ETFs are having the significant impact by the benchmark of NSE India Nifty BeES. This paper is useful to the investors of ETF, mutual funds and regulators of the capital market.

Keywords: Axis Gold, ETFs, IDBI Gold, Kotak Gold, Nippon BeES, Nifty BeES

Paper Id: 2.33

Published On: 2021-09-10

Published In: Special Issue - Rishi's Online National Conference on "Management Perspectives for Quality Outlook in the Post COVID Era" (September 2021)

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