P. Alekhya, A. Kotishwar
The study has been emphasized the effect of COVID 19 on select assets class growth. The study attempted to determine the relationship and volatility effect of COVID 19 on a selected asset class. The study considered 90 days from the official announcement of lockdown due to COVID 19 given to the Central Government of India for this purpose. In the study's CAAR model, select assets in the COVID 19 lockdown have a high abnormal return. The result indicates that debt has high abnormal returns when compared to the remaining asset classes. The result found from the VECM model that that equity is positively related to the benchmark for the period of COVID 19, whereas debt and gold are negatively related to the benchmark indices. The study indicates a result that, there is a significant volatility effect for the selected asset classes. And signifies that equity and gold are experienced high volatility after the announcement of a lockdown.