Nippon India ETF Hang Seng BeES-Growth
Price & Volume
Key Talking Points
Low tracking error
Tracking error of the ETF (0.11%) 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?
ETF's average daily traded value is high
This ETF's average 21-day turnover is relatively high at Rs 7.0 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)?
3-year performance is in the bottom 25th percentile
3-year CAGR of 16.92% is in the bottom 25th percentile in its category - Equity: International
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)?
Relatively in line expense ratio
Expense ratio of the ETF (0.98%) is in line with average expense ratio of other Index funds/ETFs (0.98%) tracking Hang Seng 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?
Moderate tracking difference
Tracking difference of the ETF (1.01%) 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)?
Scheme Overview
The Scheme seeks to provide returns that, before expenses, closely correspond to the total returns of securities as represented by Hang Seng Index of Hang Seng Data Services Limited, by investing in the securities in the same proportion as in the Index.