Expense ratio of the Index fund (0.14%) is lower than average expense ratio of other Index funds/ETFs (0.24%) tracking Nifty AAA Financial Services Bond Mar 2028 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 difference of the Index fund (0.03%) 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)?
Tracking difference of the Index fund is lower than average tracking difference of other Index funds/ETFs (0.08%) tracking Nifty AAA Financial Services Bond Mar 2028 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)?
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 (0.54%) is in a reasonable range
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 error of the Index fund is in line with average tracking error of other Index funds/ETFs (0.54%) tracking Nifty AAA Financial Services Bond Mar 2028 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 scheme seeks to generate returns that are commensurate (before fees and expenses) with the performance of Nifty AAA Financial Services Bond Mar 2028 Index which seeks to track the performance of AAA issuers from the financial services sector maturing near target date of the index.
