In this post, I am providing a complete list of Index Funds Tracking Error and Tracking Difference in Nov 2023. You will also find the data of AUM and Expense Ratio of both regular and direct funds.
This helps you to choose the Index Funds easily. Do remember that I am excluding the ETF and publishing only Index Funds.
It is a Google Sheet and you can’t download it. However, by scrolling, you can easily find all the data for Index Funds.
What is Tracking Error and Tracking Difference?
The tracking error is the annualized standard deviation of the difference in daily returns between the underlying equity index and the NAV of the ETF/ Index Fund based on past one-year rolling data. As per the recent SEBI regulation, such tracking errors must be within 2% levels.
The tracking difference is the annualized difference of daily returns between the index or goods and the NAV of the ETF/ Index Fund.
To know more, I have explained both concepts in detail and in a simple way in my earlier post…