Tracking error of the Index fund (0.17%) 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 Index fund (0.14%) 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)?
Expense ratio of the Index fund (0.16%) is higher than average expense ratio of other Index funds/ETFs (0.13%) tracking CRISIL-IBX Financial Services 9-12 Months Debt 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?
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 Index fund is lower than average tracking error of other Index funds/ETFs (0.2%) tracking CRISIL-IBX Financial Services 9-12 Months Debt 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 Index fund is in line with average tracking difference of other Index funds/ETFs (0.14%) tracking CRISIL-IBX Financial Services 9-12 Months Debt 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)?
The scheme seeks to generate returns corresponding to the total returns of the securities as represented by the CRISIL-IBX Financial Services 9-12 Months Debt Index before expenses, subject to tracking errors.
