Published Paper Details:

The study employs a quantitative approach to estimate the factors affecting the performance of Exchange-Traded Funds (ETFs) concerning Equity Mutual Funds. This study provides both quantitative and qualitative results The study utilizes secondary data, specifically net asset value (NAV) of equity mutual funds and Jakarta Composite Index, obtained from the official websites of Financial Service Authority and Indonesia Stock Exchange. Additionally, data related to ETFs and equity mutual funds, specifically NAV, is collected from various sources like the Association of Mutual Fund in India (AMFI) and financial websites such as Money Control, Growth, and ET Money. The risk taken by the investor return earned through the investment. To evaluation of the performance of equity mutual fund and ETF, after consideration of the return earned for risk incurred by the investor, various risk adjusted performance parameters such as Sharpe Ratio, Jensen's Alpha, Beta, Treynor ratio and Sortino ratio. The findings suggest that the performance drivers differ between Mutual Funds and ETFs. For Mutual Funds, risk plays a crucial role, while for ETFs, both volatility and fund selection skill are significant factors. This information can be valuable for investors seeking to optimize their portfolio based on the specific characteristics of these investment vehicles.