
Zerodha Nifty Next 100 ETF Direct-Growth
Price & Volume
Key Talking Points
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
Relatively in line expense ratio
Expense ratio of the ETF (0.23%) is in line with average expense ratio of other Index funds/ETFs (0.23%) tracking Nifty Next 100 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 error
Tracking error of the ETF (1.04%) is in a reasonable range
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?
Scheme Overview
The scheme seeks to provide returns, before expenses, that closely correspond to the total returns of the securities as represented by the underlying index, Nifty Next 100 (TRI)