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Cafemutual has released Cafemutual ETF Research Desk August 2022 which reports the tracking error for 110 ETFs as on August 16, 2022.
Our study shows 9 ETFs have the lowest tracking error of 0.3. Of these 8 are from the large cap space - ICICI Prudential Nifty 50 ETF, Kotak Nifty 50 ETF, Mirae Asset Nifty 50 ETF, Nippon India ETF Nifty 50 BeES, SBI Nifty 50 ETF, SBI S&P BSE Sensex ETF, UTI Nifty 50 ETF and UTI S&P BSE Sensex ETF and one is from the flexicap space - ICICI Prudential S&P BSE 500 ETF.
Tracking error is the annualised standard deviation of the difference between a fund’s return and its benchmark index. It is the difference between the return from a fund and that of the benchmark index.
Here are the top 3 funds with the lowest tracking error across different categories.
Large Cap: Top 3 of the total 43 schemes reported
Mid Cap: Top 3 of the total 4 schemes reported
Flexi Cap: Top 3 of the total 3 schemes reported
Factor: Top 3 of the total 6 schemes reported
Thematic/Sectoral: Top 3 of the total 28 schemes reported
Debt: Top 3 of the total 15 schemes reported
Gold: Top 3 of the total 11 schemes reported
Cafemutual ETF Research Desk August 2022 also captures details on AUM size, TER, average daily volume, impact cost, tracking difference (1 year) and returns (1, 3 and 5 years). Click here to access the research desk.
