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Index Funds Monitoring Error and Monitoring Distinction


On this put up, I’m offering an entire record of Index Funds Monitoring Error and Monitoring Distinction in Nov 2023. Additionally, you will discover the information of AUM and Expense Ratio of each common and direct funds.

Index Funds Tracking Error and Tracking Difference - Nov 2023

This helps you to decide on the Index Funds simply. Do do not forget that I’m excluding the ETF and publishing solely Index Funds.

It’s a Google Sheet and you’ll’t obtain it. Nevertheless, by scrolling, you possibly can simply discover all the information for Index Funds.

What’s Monitoring Error and Monitoring Distinction?

The monitoring error is the annualized normal deviation of the distinction in every day returns between the underlying fairness index and the NAV of the ETF/ Index Fund primarily based on previous one-year rolling information. As per the current SEBI regulation, such monitoring errors should be inside 2% ranges.

The monitoring distinction is the annualized distinction of every day returns between the index or items and the NAV of the ETF/ Index Fund.

To know extra, I’ve defined each ideas intimately and in a easy means in my earlier put up “Monitoring Distinction Vs Monitoring Error Of ETF And Index Funds“.

Ideally monitoring error and monitoring distinction ought to be as little as doable. In case of monitoring error, keep away from the fund that outperformed the Index.

Index Funds Monitoring Error and Monitoring Distinction – November 2023

As I’ve talked about above, this Google sheet accommodates information like Fund Identify, present AUM, expense ratio, monitoring error, and monitoring distinction for each common and direct funds. Additionally, I’ve categorized them primarily based on their market cap or theme.

Use the above sheet for shortlisting your Index Funds primarily based on AUM, Expense Ratio, Monitoring Error, and Monitoring Distinction. As I discussed in my earlier posts, search for a fund with respectable AUM, low expense ratio, and low monitoring Error/Distinction Fund.

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