gaurav verma

What 'Diwali Effect'?

There is a logical issue here. Diwali, per se' is a season in which all Hindus buy new things for themselves, there are mega or bumper deals in the market and a lot of gifts are bought too. This propels the market with a spurt of consumerism for sure.

Why it may not be showing up that transparently in the India centric ETFs can also be because the ETFs' holdings and their composition. But you have to understand the significance of the festival to comment on the so called myth. I do not think its a myth.

The same phenomenon happens around the new year in China too.