Tracking error of the Index fund (0.33%) 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?
Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis
Expense ratio of the Index fund (0.96%) is in line with average expense ratio of other Index funds/ETFs (0.96%) tracking Nifty MidSmallcap400 50:50 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?
The scheme seeks to provide returns that, before expenses, align with the total returns of the securities constituting the Nifty MidSmallcap400 50:50 Index, subject to tracking error.
