Expense ratio of the Index fund (0.13%) is lower than average expense ratio of other Index funds/ETFs (0.36%) tracking CRISIL-IBX AAA NBFC-HFC Index - Jun 2027
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 (0.29%) 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 (0.1%) 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)?
Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis
The scheme seeks to replicate CRISIL-IBX AAA NBFC-HFC Index - Jun 2027 by investing in AAA rated NBFC-HFC corporate bond issuers maturing on or before June 2027 before expenses, subject to tracking errors.
