COMPARATIVE ANALYSIS OF VANGUARD GROWTH INDEX FUND ETF SHARES (VUG) USA WITH DOW JONES (BENCHMARK INDEX)

COMPARATIVE ANALYSIS OF VANGUARD GROWTH INDEX FUND ETF SHARES (VUG) USA WITH DOW JONES (BENCHMARK INDEX)

Mr. Siddharth Rewadikar

Research Scholar, Devi Ahilya Vishwavidyalaya, Indore, Madhya Pradesh, India

Dr. Gajendra Sirohi

Associate Professor, Acropolis Institute of Management Studies & Research, Indore, Madhya Pradesh, India

ABSTRACT

A drastic growth has been witnessed by Mutual Fund Industry in the past 20 years. In terms of Mutual Fund Schemes, they have increased rapidly and accelerated the mobilization of funds in the recent years. This has also provided benefits to the Mutual Fund Industry as well as the investors investing in the schemes. In order to reach the expectation levels of the investors, the Mutual Fund Industry is required to function in a successful manner as Institutional Investors. Investors are very cautious while investing in any of the schemes of Mutual Funds, in context of this proper assessment must be done of the varied schemes of Mutual Funds available and the comparison of the funds which will ultimately help the investors in investing decisions. This paper is an attempt to compare the fund namely Vanguard Growth Index Fund ETF Shares (VUG) with Dow Jones US (Benchmark Index) and to analyze its performance as well the returns generated by the scheme. Simple Statistical tools and methods have been used while doing the analysis keeping in mind the interests of retail investors. The results obtained from the study is that the fund taken into consideration is somewhat allied with the market but cannot be extremely relied upon.