Expense ratio of the Index fund (0.3%) is lower than average expense ratio of other Index funds/ETFs (0.46%) tracking Nifty500 Quality 50 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 Index fund (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?
Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis
The schemes seeks to provide returns before expenses that correspond to the Nifty500 Quality 50 TRI subject to tracking error.
