Expense ratio of the Index fund (0.21%) is lower than average expense ratio of other Index funds/ETFs (0.24%) tracking CRISIL-IBX Financial Services 3 to 6 Months Debt 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 error of the Index fund (0.17%) 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 error of the Index fund is higher than average tracking error of other Index funds/ETFs (0.13%) tracking CRISIL-IBX Financial Services 3 to 6 Months Debt 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?
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 track the CRISIL-IBX Financial Services 3-6 Months Debt Index, subject to tracking errors.
