“…An economy incident a supply and demand of output and employment with the pandemic impact in terms of magnitude and intensity in short run, (Afrina et al, 2021) , the pandemic and market volatility caused a sharp down in resources, business sector, financial institutions that threaten more than the virus throughout the global community. Investor's perception in volatility and return in between India's Implied Volatility Index (IVIX) and Nifty 50 during COVID-19 pandemic, (Chittineni, 2020), garbing the opportunity at market decline to invest and to sell as market raise based on the fundamental market movements that effects for the IVIX futures in India. Along with global capital market, Indian Mutual Fund industry crisis during pandemic, like Franklin Templeton debt funds forced wind up.…”