• Shruti Venkat
• Dr Leena James

With social responsibility and sustainability becoming important areas in business, investors are looking to invest in ‘green stocks’, that are stocks of companies having green practices. However, they are often skeptical whether such stocks can match the returns provided by conventional investing. The paper thus studies the differences between returns and volatility of sustainability indices (viz. BSE GREENEX and BSE CARBONEX) and BSE 100. For the purpose of the study, closing prices of the indices for the past 5 years are taken. To study differences in average returns, t-test is used and to study differences in variances (volatility), F-test is used. The results show that there is no significant difference between the returns and volatility of BSE 100 and sustainability indices. It is concluded that for the same amount of risk (volatility), sustainable indices match the returns of BSE 100.

Sustainability index, volatility, returns.

"Study of Differences between Returns and Volatility of Sustainability Indices (BSE GREENEX and BSE CARBONEX) and BSE 100", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 3, page no.704-707, March-2019, Available :http://www.jetir.org/papers/JETIR1903591.pdf

"Study of Differences between Returns and Volatility of Sustainability Indices (BSE GREENEX and BSE CARBONEX) and BSE 100", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 3, page no. pp704-707, March-2019, Available at : http://www.jetir.org/papers/JETIR1903591.pdf