Tracking Error means the extent to which the NAVs of fund move in a manner in consistent with the movements of the underlying index on any given day or over any given period of time arising from any cause or reason whatsoever including but not limited to differences in the weightage of the investments in the securities of the schemes and the weightage to such securities in the index, time lags in deployment or realization of funds under the scheme as compared to the movement of or within the said index.
Tracking Error means the extent to which the NAV of the fund moves in a manner inconsistent with the movements of the underlying Index on any given day or over any given period of time from any cause or reason whatsoever including but not limited to differences in the weightage of the investments in the securities and the weightage to such securities in the S&P BSE Sensex Index, time lags in deployment or realization of funds under the Scheme as compared to the movement of or within the said Index, expenditure incurred by the scheme, corporate actions such as debenture or warrant conversions, rights, mergers, etc, change in constituents of Index, rounding of quantity of shares underlying the index, IDCW payouts, whole cash not invested at all times as it may keep a portion of funds in cash to meet redemption etc. However UTI AMC will endeavour to keep the tracking error as low as possible.
Tracking Error means the percentage of enhanced return targeted from the iGAP strategy, as set by the Adviser from time to time.
Examples of Tracking Error in a sentence
The Fund Manager would monitor the Tracking Error of the Scheme on an ongoing basis and would seek to minimize the Tracking Error to the maximum extent possible.
Notwithstanding the pricing, they can help in reducing the Tracking Error in the Scheme.
Please refer to the section below headed Excess Return and Tracking Error.
Tracking Error of ETFs is likely to be low as compared to a normal index fund.
SEBI Regulations (if any) may impose restrictions on the investment and/or divestment activities of the Scheme Such restrictions are typically outside the control of the AMC and may cause or exacerbate the Tracking Error.
More Definitions of Tracking Error
Tracking Error means the standard deviation of the difference in returns between a Fund and the Index.
Tracking Error means the volatility of the difference between the return of the index-tracking UCITS and the return of the index or indices that is or are tracked;
Tracking Error means the standard deviation of the difference between daily returns of the underlying Benchmark Index and the NAV of the ETF.
Tracking Error means the volatility of the difference between the return of the Sub-Fund and the return of the index tracked by the Sub-Fund. Tracking Error indicates the consistency of the Sub-Fund’s excess return during that same time period. It is the annualised standard deviation of excess return data points for the given time period;
Tracking Error means, in respect of a Series of ETP Securities, the annualised standard deviation of the difference between the performance of that Series each day and the performance each day of the Index corresponding to such Series.
Tracking Error means the annualised standard deviation of the difference in daily returns between physical gold and the NAV of Gold ETF based on past one year rolling over data (For ETFs in existence for a period of less than one year, annualized standard deviation shall be calculated based on available data) shall not exceed 2%.
Tracking Error means the difference between daily returns of an ETF and that of the underlying Benchmark Index for any given period;