The present study investigates the pricing efficiency and the trading characteristics of index ETFs in India. Theoretically, ETF prices are expected to closely track their NAVs. The deviations, if any, are expected to be eliminated quickly due to the arbitrage mechanism in place. In this study,...

This paper examines the relationship between four company fundamental variables (viz. market capitalization, book equity to market equity ratio, price earnings ratio and debt equity ratio) and equity returns in Indian stock market using monthly price data of a sample of 455 companies forming...