
Mirae Asset Nifty Smallcap 250 ETF-Growth
Price & Volume
Key Talking Points
Relatively low expense ratio
Expense ratio of the ETF (0.32%) is lower than average expense ratio of other Index funds/ETFs (0.77%) tracking NIFTY Smallcap 250 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?
Low tracking error
Tracking error of the ETF (0.13%) 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?
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
Tracking error in line with other ETFs/Index Funds
Tracking error of the ETF is in line with average tracking error of other Index funds/ETFs (0.13%) tracking NIFTY Smallcap 250 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?
ETF's average daily traded value is moderate
This ETF's average 21-day turnover is moderate Rs 1.0 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 scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty Smallcap 250 Total Return Index, subject to tracking error.