Einstein Telescope (ET), a the future third generation gravitational wave detector will be sensitive to gravitational wave signal down to 1 Hz. We present an algorithm to estimate the parameters of the low mass merging compact binary systems such as localisation, chirp mass, redshift, mass ratios and total mass of the source which are crucial in order to estimate the capability of ET to study various compact binary populations. We analysed the compact binary populations of (i) Pop I and Pop II, (ii) Pop III, and (iii) globular clusters, with single ET.