
Tracking error of the Index fund (0.04%) 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 (0.49%) 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 (0.65%) is higher than average expense ratio of other Index funds/ETFs (0.47%) tracking Nifty Total Market 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?
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 achieve a return equivalent to the Nifty Total Market Index-TRI subject to tracking error. This index is diversified throughout the Indian market across sectors and market caps and aims to benefit from Indias economic growth.