Özet:

Fears of a global downturn and increased volatility in equity and debt markets, geopolitical changes like rift between US and Iran, epidemic like the corona virus in China have contributed to the increase in investment in Gold and Gold Exchange Traded Funds (GETFs). This research selected ten GETFs from Bombay Stock Exchange (BSE) Ltd, India from 2011 to 2019 in order to evaluate the performance. Correlation and performance indices like Sharpe ratio, Treynor index and Jensen’s index are used. Though, UTI and SBI were the forerunners among select ten ETFs in this research, but the 2019 witnessed a good amount of Gold fund inflow as compared to 2011 individually. This positive trend could be maintained further, if the Government of India takes appropriate actions in this regard. A good step seen in the current year budget is that the introduction of government bond ETFs, debt ETFs etc. In spite of all this few challenges like volatility, market risk assessment and ethical, professional performance of fund managers would be affecting the investors and the role of fund managers is crucial in managing such funds and the quality of service and awareness would attract more investment in GETFs.

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