Expense ratio of the ETF (0.26%) is lower than average expense ratio of other Index funds/ETFs (0.8%) tracking NIFTY PSU Bank 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?

Tracking error of the ETF (0.07%) 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?

Tracking difference of the ETF (0.45%) is low

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)?

This ETF's average 21-day turnover is relatively high at Rs 8.0 cr.

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)?

Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis

Tracking error of the ETF is lower than average tracking error of other Index funds/ETFs (0.47%) tracking NIFTY PSU Bank Total Return Index

This measures the relative tracking error of the Index fund/ETF with respect to average tracking error all index funds/ETFs tracking the same benchmark.

What is Tracking Error?

Tracking difference of the ETF is in line with average tracking difference of other Index funds/ETFs (0.44%) tracking NIFTY PSU Bank Total Return Index

This measures the relative tracking difference of the Index fund/ETF with respect to average tracking difference all index funds/ETFs tracking the same benchmark.

What is Tracking Difference (1Y)?