This study empirically examines the performance of selected Exchange Traded Funds listed in the national stock exchange in India. A sample of twelve ETFs consisting of equity, gold and indices exchange traded fund listed in the national stock exchange in India. The study has analyzed the performance of selected ETFs with the help of risk-adjusted methods adjust returns in order to take an account of differences in risk levels between the managed portfolio and the benchmark portfolio. The major methods are the Sharpe ratio, Treynor ratio, Jensen’s alpha, Information ratio, Modigliani and Modigliani, Treynor Square,R squared and FAMA’S over a period of six years from January 2014 to December 2019.
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Keywords: Exchange Traded Funds, Performance Evaluation, Portfolio, Risk and Return, Sharpe Ratio, Treynor Ratio, Jensen’s Alpha, Modigliani and Modigliani.