Volatility analysis plays a crucial role in portfolio management as it provides insights into the risk and potential returns of investment portfolios. In this study, we conduct a contingent analysis of ARCH models for volatility analysis in a customized portfolio, specifically focusing on the Indian stock market. By applying ARCH family models to a customized portfolio consisting of Indian stocks, we aim to intuit performance and appraisea convenient model for volatility analysis in the Indian context and choose the best portfolio among a defined portfolios. To conduct the analysis, we have collected historical price data of selected stocks from the NSE, India. The results of our analysis provide valuable insights into the effectiveness of ARCH family models for volatility analysis in Indian bourse. This information will assist portfolio managers and investors in making informed decisions regarding risk management and portfolio optimization.