The Dynamic Connectedness between Risk and Return in the Fintech Market of India: Evidence Using the GARCH-M Approach

Fintech allows investors to explore previously unavailable investment opportunities; it provides new return opportunities while also introducing risks. The aim of this study is investigate the relationship between risk and in fintech industry Indian stock market. This article based on market-based research that focuses demonstrating volatility market’s prices demystifying opportunities. Secondary data were collected from Bombay Stock Exchange’s official website January 2017 July 2022 determine whether there any dynamic link variance-based Mean-GARCH (GARCH-M) model was used a findings emphasize importance taking investing India’s industry. implications for investors’ fund managers’ portfolio composition holding periods equities or market exposure are significant. Finally, depending their horizons, may yield significant profits risk-taking individuals.