SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES VOL. 6 NO. 1 PAPER 9
 
NIFTY BENCHMARK EXCHANGE TRADED SCHEME (Nifty BeES) A PROMISING INVESTMENT PRODUCT
 
P. Natarajan* and M. Dharani**
*   Professor, Department of Commerce, Pondicherry University, Puducherry - 605014
** Research Scholar, Department of Commerce, Pondicherry University, Puducherry - 605014
 
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.
 
KEYWORDS: NIFTY Index, Portfolio Return, Simple Regression Model JEL CLASSIFICATIONS: G11, G31, B23 FULL TEXT