Findings of Funds’ performances Essay

FINDINGS
There is no difference between the performance of Equity and Gold Exchange Traded Funds of Goldman Sachs. Equal variances are not assumed here .means and standard deviations of equity and Gold Exchange traded Fund amounts to -1.60, 6.12, 84.09 and 19.76. The mean difference is due to a chance factor.
There is no difference between the performance of Equity and Gold Exchange Traded Funds of ICICI Prudential. The mean difference is due to a chance factor. Means and standard deviations of the two funds are 17.80, 6.10, 29.98 and 19.63.
There is no difference between the performance of Equity and Gold Exchange Traded Funds of Kotak .The mean difference is due to a chance factor. Means amounts to -.72 and 6.12.while standard deviations are 1.45 and 20.13.
Equity and Gold Exchange Traded Funds of Quantum are showing equal performance. The mean difference is due to a chance factor .The means and standard deviation amounts to -.82, 6, 22, 2.13 and 20.07.
Reliance * shares Banking ETF generated no means and have a risk of 2.35. But Reliance Gold ETF provide a mean of 6.12 with 19.94 standard deviation .But overall it is seen that there is no difference between the performance of Equity and Gold Exchange Traded Funds of Reliance. The mean difference is due to a chance factor
Both the funds of Religare Religare INVESCO Nifty ETF and Religare Gold ETF are performing equally with means of 9.20 and 6.18 along with standard deviations of 22.76 and 19.81. The mean difference is due to a chance factor
The reasons for the equal performance of all the funds may be because the investors are interested in making investments in Equity Exchange Traded Funds and Gold Exchange Traded Funds in equal proportions on five year basis. They consider these two funds as a means of maximizing their returns. The Fund Houses selected for the study was the best ones in Indian industry.
The research hypothesis ,there is no difference between the performance of Equity Exchange Traded Funds and Gold Exchange Traded Funds launched by the same Fund Houses is proved by the current study.
SUGGESTIONS
Equity Exchange Traded Funds and Gold Exchange Traded Funds are two means for generating returns. Adequate customization facilities should be launched. Special care and attention should be given to small scale sector.
More people especially poor and rural should come forward for making returns. They should be able aware about the importance of Exchange Traded Funds. They can seek the guidance of experienced and renowned individuals .They can also collect maximum information by referring textbooks journals, websites and allied sources.
More schemes related to Exchange Traded Funds with good options favourable for the should be introduced.
More companies can also think of launching their own promising Exchange Traded Fund Schemes.
Regulatory authorities like Securities and Exchange Board of India should make more investor friendly norms. Stringent rules and regulations should be eliminated.