Analysis of The Performance of ‎Sustainability Indices Compared to ‎Thematic Indices in ‎The Indian Stock Market

  • Authors

    • Jyoti Nirban Research Scholar ‎K.R. Mangalam University Contact No : 7827742023
    • Dr. Indira Bhardwaj Professor and Dean K.R. Mangalam University Contact No: 7838738735
    https://doi.org/10.14419/rfn1p384

    Received date: July 8, 2025

    Accepted date: August 29, 2025

    Published date: October 12, 2025

  • Sustainability Indices; Thematic Indices; ESG Investing; Indian Stock Market; Risk-Adjusted ‎Returns; Financial Performance; Sustainable Investing; The-matic Investing; Market Volatility

  • Abstract

    The growing global focus on sustainability has led to the development of sustainability ‎indices, which evaluate companies based on environmental, social, and governance (ESG) ‎criteria. At the same time, thematic indices, which concentrate on specific investment themes ‎such as technology, infrastructure, or renewable energy, have gained popularity among ‎investors. This study investigates the performance of sustainability indices compared to ‎thematic indices within the Indian stock market. ‎

    By utilizing historical data, risk-return metrics, and econometric models, this research assesses ‎whether sustainability indices deliver superior financial performance, lower volatility, or ‎improved risk-adjusted returns in comparison to thematic indices. The findings of this ‎research aim to provide valuable insights for investors, policymakers, and financial analysts on ‎the trade-offs between sustainable investing and thematic investing in India‎.

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  • How to Cite

    Nirban , J. ., & Bhardwaj , D. I. . (2025). Analysis of The Performance of ‎Sustainability Indices Compared to ‎Thematic Indices in ‎The Indian Stock Market. International Journal of Accounting and Economics Studies, 12(6), 493-502. https://doi.org/10.14419/rfn1p384