Evaluating the tracking performance of index mutual funds and exchange traded funds in India

dc.contributor.author	Dhabolkar, P.
dc.contributor.author	Reddy, Y.V.
dc.date.accessioned	2019-05-15T09:38:08Z
dc.date.available	2019-05-15T09:38:08Z
dc.date.issued	2019
dc.identifier.citation	IUP Journal of Financial Risk Management. 16(1); 2019; 37-49.	en_US
dc.identifier.uri	http://irgu.unigoa.ac.in/drs/handle/unigoa/5655
dc.description.abstract	Though a difference exists in the way Exchange Traded Funds (ETFs) and index mutual funds are formed, both the funds follow the passive style of investing, wherein the fund manager tries to mimic the returns of the chosen market index. Using a sample of 16 index mutual funds and 14 ETFs, from inception of the funds to March 31, 2017, this paper investigates the ability of the index mutual funds and ETFs in India to track their chosen market index. The study reveals that index mutual funds exhibit significantly higher tracking error than its counterpart. The results of regression analysis further reveal that ETF fund managers have been able to construct a portfolio that is more commensurate with the chosen index than its counterpart.	en_US
dc.publisher	IUP Publications	en_US
dc.subject	Commerce	en_US
dc.title	Evaluating the tracking performance of index mutual funds and exchange traded funds in India	en_US
dc.type	Journal article	en_US