Tracking error of the Index fund (0.12%) 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?
Expense ratio of the Index fund (1.24%) is higher than average expense ratio of other Index funds/ETFs (0.78%) tracking NIFTY Auto 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
Tracking error of the Index fund is in line with average tracking error of other Index funds/ETFs (0.12%) tracking NIFTY Auto 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?
The schemes seeks to generate passive investment in equity and equity related securities replicating the composition of the Nifty Auto Index (TRI), subject to tracking errors.
