
Axis Nifty Energy ETF-Growth
Price & Volume
Key Talking Points
Low tracking error
Tracking error of the ETF (0.17%) is low
This is a measure of how well an Index fund/ETF has been able to replicate the performance of the benchmark its tracking. As a passive investor, lower tracking error is always better
What is Tracking Error?
Relatively high expense ratio
Expense ratio of the ETF (9.42%) is higher than average expense ratio of other Index funds/ETFs (6.06%) tracking NIFTY Energy Total Return Index
This measures the relative expense of the index fund/ETF with respect to average expense ratio all index funds/ETFs tracking the same benchmark. Investors should always prefer schemes with lower expense, everything else remaining the same
What is Expense ratio?
Not enough performance data
Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis
Scheme Overview
The scheme seeks to provide returns before expenses that correspond to the performance of Nifty Energy TRI subject error/tracking difference.