An ETF is a hybrid type of mutual fund that can be exchanged on the stock market as shares or stocks. The amount of money mobilized and the variety of products available have both increased significantly in the previous few years for the ETF sector. It was thought vital to assess the performance of Indian ETFs using a variety of widely used performance indicators. The analysis is conducted on a number of chosen ETFs that are listed on the NSE India. The three exchange- traded funds out of 17 Nifty 50 Index namely Quantum Nifty 50 ETF, ICICI Prudential Nifty 50 ETF, and HDFC Mutual Fund- HDFC nifty ETF are subject of this study. The nature of the current investigation is empirical. In order to rank the ETFs according to their exceptional performance, the study analyses the returns generated by the chosen ETFs and compares them to the returns generated by their respective benchmark indices using a variety of performance ratios (Sharpe, Treynor, Jensen’s alpha, etc) calculated for three financial years (April 2020 to March 2023).
___________________________________________________________________________________
Keywords: Benchmark, ETF (Exchange – Traded funds), Jensen Ratio, Sharpe Ratio, Treynor Ratio.