• Sant Kumar
• Dr. Peeyush Bangur
• Dr. Nidhi Malhotra

The Carhart model is a well-known asset pricing model. This model helps in determining the expected rate of return from an asset. We discover from the existing literature that there is disagreement among scholars over the applicability of this model in Indian context and other economies. Furthermore, despite the fact that the Indian economy has undergone significant changes during the period April 2008 through March 2023 including the period of COVID-19, most existing studies belong to prior 2008. This paper finds that the model faces an empirical challenge from April 2008 to March 2023 in Indian context.

Asset pricing, CAPM, Fama-French Model, Carhart model

"CHALLENGES BEFORE THE CARHART MODEL A STUDY OF INDIAN STOCK MARKET", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 9, page no.f517-f520, September-2023, Available :http://www.jetir.org/papers/JETIR2309562.pdf

"CHALLENGES BEFORE THE CARHART MODEL A STUDY OF INDIAN STOCK MARKET", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 9, page no. ppf517-f520, September-2023, Available at : http://www.jetir.org/papers/JETIR2309562.pdf