| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 6 |
NO. 1 |
PAPER 9 |
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NIFTY BENCHMARK EXCHANGE TRADED SCHEME (Nifty BeES) – A PROMISING
INVESTMENT PRODUCT |
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| P. Natarajan* and M. Dharani** |
| * Professor, Department of Commerce, Pondicherry University, Puducherry - 605014 |
| ** Research Scholar, Department of Commerce, Pondicherry University, Puducherry - 605014 |
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| Nifty BeES is the first Exchange Traded Funds in the Indian Capital
Market and its daily returns are compared to benchmark returns. The
Researcher found out that Nifty BeES basically overperformd their
benchmark while they endorsed their investors with lesser risk than the
standard deviation of the Nifty Index. Further, this paper analyses the
relationship between portfolio returns and market returns by using
Simple Regression Model. The Researcher discovered that returns of the
Nifty BeES for price was not related to the index returns, but returns
of the Nifty BeES for NAV was related to the index returns. Finally,
this paper examined the observed deviation between returns of the Nifty
BeES and Nifty Index. |
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