HDFC NIFTY 100 Equal Weight Index Fund Direct-Growth
Key Talking Points
3-year performance has been in the top 25th percentile
3-year CAGR of 14.27% is in the top 25th percentile in its category - Equity: Large Cap
This is measured by percentile rank of the scheme in its category based on 3-year CAGR. Lower rank implies that scheme was a relative outperformer in its category
What is CAGR (3Y)?
Relatively low expense ratio
Expense ratio of the Index fund (0.55%) is lower than average expense ratio of other Index funds/ETFs (0.73%) tracking NIFTY 100 Equal Weight 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?
Low tracking error
Tracking error of the Index fund (0.08%) 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?
Relatively in line tracking difference
Tracking difference of the Index fund is lower than average tracking difference of other Index funds/ETFs (0.7%) tracking NIFTY 100 Equal Weight Total Return 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)?
Relatively low tracking error
Tracking error of the Index fund is lower than average tracking error of other Index funds/ETFs (0.21%) tracking NIFTY 100 Equal Weight Total Return 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?
Moderate tracking difference
Tracking difference of the Index fund (0.62%) is in a reasonable range
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)?
Scheme Overview
The scheme seeks to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY 100 Equal Weight Index TRI (Underlying Index), subject to tracking error.