Reference points

Expense Ratio and Tracking Error are two most important parameters for choosing Index Fund or ETFs. In addition to this, in case of ETFs one should also look at trading data and in case of Index Funds, Asset Under Management (AUM). You may like to compare these parameters of various Index Funds and ETFs available in India before you choose the right fund for you.

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Annual Expense Ratios of Passive Funds

  • Schemes are sorted in ascending order of expense ratios.
  • ETFs & Index Funds are highlighted in different colours.
  • For Index Funds, only schemes with direct subscription option is considered.
  • Annual Expense Ratios are updated from the website, factsheet, disclaimers etc., of respective AMCs. In case if we are not able to find out expense ratios from these sources, maximum permissible expense ratio of 1.5% is mentioned.
  • AMCs may charge service tax on management fees, additional charges on sales beyond T-15 cities etc., in addition to Expense Ratios mentioned here.

Tracking Error

  • Only schemes with one year data is considered for calculation.
  • Calculation methodology : (Standard deviation of difference between scheme and total return index) x (Square root of 250) 
  • As total return index data is available only for Nifty 50 Index and S&P BSE Sensex Index, tracking error for other schemes are not calculated.
  • Schemes are sorted in ascending order of tracking error of 1 year.
  • ETFs & Index Funds are highlighted in different colours.
  • For Index Funds only schemes with direct subscription option & growth plan is considered.
  • Returns are annualised.

Fund wise Asset Under Management (AUM)

  • Schemes are sorted in descending order of AUM.
  • ETFs & Index Funds are highlighted in different colours.
  • AUM data is sourced from Factsheets and websites of respective AMCs. There may be small variation between other sources and details mentioned here.