UTI Nifty200 Quality 30 Index Fund Direct-Growth
Key Talking Points
Low tracking error
Tracking error of the Index fund (0.06%) 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?
Not enough performance data
Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis
Relatively in line expense ratio
Expense ratio of the Index fund (0.67%) is in line with average expense ratio of other Index funds/ETFs (0.62%) tracking NIFTY 200 Quality 30 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?
Relatively low tracking error
Tracking error of the Index fund is lower than average tracking error of other Index funds/ETFs (0.08%) tracking NIFTY 200 Quality 30 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 (0.54%) 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)?
Relatively in line tracking difference
Tracking difference of the Index fund is in line with average tracking difference of other Index funds/ETFs (0.59%) tracking NIFTY 200 Quality 30 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)?
Scheme Overview
The scheme seeks to provide returns that, before expenses, corresponds to the total return of the securities as represented by the underlying index, subject to tracking error.