A Theoretical Study on Leverage and Spillover Effects in Indian Equity ETFs

Exchange-Traded Funds (ETFs) are innovative financial instrument as it is well-diversified like a mutual fund and listed in stock exchange. Since the launch of first ETF (Nifty BeES ETF) 2001, Indian market has seen growth number schemes Asset Under Management (AUM). This study an overview previous studies on spillover leverage effects Equity related works to tap research gap these twin areas. The found need for rigorous evaluation strength nature effect among different Broader Index ETFs, Sectoral/thematic ETFs World India. also identified conduct mean, volatility, risk between its benchmark index, speed would be immensely useful investors other stakeholders market.