
BHARAT Bond ETF - April 2032-Growth
Price & Volume
Key Talking Points
3-year performance has been in the top 25th percentile
3-year CAGR of 7.66% is in the top 25th percentile in its category - Debt: Target Maturity
This is measured by percentile rank of the scheme in its category based on 3-year CAGR. Lower rank implies that scheme was a relative outperformer in its category
What is CAGR (3Y)?
Very high tracking error
Tracking error of the ETF (1.56%) is pretty high
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 in line expense ratio
Expense ratio of the ETF (0.01%) is in line with average expense ratio of other Index funds/ETFs (0.01%) tracking Nifty BHARAT Bond Index - April 2032
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?
Moderate tracking difference
Tracking difference of the ETF (0.71%) is in a reasonable range
This measures the difference in returns (last 1 year) between the Index fund/ETF and its respective benchmark. Lower absolute tracking difference is better
What is Tracking Difference (1Y)?
ETF's average daily traded value is moderate
This ETF's average 21-day turnover is moderate Rs 0.0 cr. Transaction in this ETF could have high impact cost.
This is measured as average daily traded value (over last 21 trading days) on NSE and BSE combined (as applicable). Lower volume could imply low liquidity which could increase the transaction cost when buying/selling the ETF
What is Turnover (1M)?
Scheme Overview
The investment objective of the scheme is to track the Nifty BHARAT Bond Index - April 2032 by investing in bonds of AAA-rated CPSEs/CPSUs/CPFIs and other Government organizations, subject to tracking errors.