Question 1

Which Nifty 500 Multicap India Manufacturing 50:30:20 index fund or ETF has the lowest tracking error?

Accepted Answer

Based on the latest monthly AMC factsheets, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund has the lowest annualized tracking error at 0.07%, compared to the Nifty 500 Multicap India Manufacturing 50:30:20 category average tracking error of 0.07%.

Question 2

Which Nifty 500 Multicap India Manufacturing 50:30:20 passive fund has the lowest expense ratio (TER)?

Accepted Answer

Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund currently offers the lowest direct Total Expense Ratio (TER) at 0.56%, versus the Nifty 500 Multicap India Manufacturing 50:30:20 category average TER of 0.56%.

Question 3

How many passive mutual funds and ETFs track Nifty 500 Multicap India Manufacturing 50:30:20 in India?

Accepted Answer

There are 1 passive schemes tracking Nifty 500 Multicap India Manufacturing 50:30:20 with a combined category AUM of ₹133 Crores. The largest scheme by assets is Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund with an AUM of ₹133 Crores.

Question 4

What is Tracking Error in passive mutual funds and ETFs?

Accepted Answer

Tracking Error (TE) is the annualized standard deviation of daily excess returns between a passive index fund or ETF and its benchmark index (such as Nifty 50 or Sensex). It measures how consistently the fund replicates the index day-to-day. Lower tracking error signifies tighter replication and disciplined cash drag management.

Question 5

What is the difference between Tracking Error and Tracking Difference?

Accepted Answer

Tracking Difference is the actual percentage of returns you lose compared to the index over a time period (Index Return minus Fund Return). It already includes the expense ratio and cash drag. Tracking Error, on the other hand, measures the day-to-day volatility or bumpiness of that return gap.

Question 6

How does Total Expense Ratio (TER) affect index fund performance?

Accepted Answer

The Total Expense Ratio (TER) is the recurring annual fee charged by the AMC, deducted daily from the fund's NAV. A higher TER creates a continuous drag on compounding returns, directly widening the fund's tracking difference over long investment horizons.

Question 7

What metrics can I track historically on this screener?

Accepted Answer

You can track historical timelines of Tracking Error (%), Total Expense Ratio (TER %), Assets Under Management (AUM in ₹ Crores), Yield to Maturity (YTM %), Average Maturity, and Modified Duration across 6-month, 1-year, 2-year, and 3-year time horizons.

Question 8

How often are passive fund metrics updated on ProFinPlanner?

Accepted Answer

All scheme metrics are sourced directly from monthly AMC factsheets and updated once a month as soon as factsheets are released by asset management companies.

Nifty 500 Multicap India Manufacturing 50:30:20 Index Funds & ETFs — Key Metrics

Nifty 500 Multicap India Manufacturing 50:30:20 — Key Insights & Category Highlights

Nifty 500 Multicap India Manufacturing 50:30:20 — Fund Directory & Metrics Breakdown

Peer Equity Benchmark Indices

Evaluation Methodology: Tracking Error, Expense Ratio & Debt Metrics

Frequently Asked Questions on Nifty 500 Multicap India Manufacturing 50:30:20 Passive Funds

Nifty 500 Multicap India Manufacturing 50:30:20 Category Summary & Statistics