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India: Master Index Fund tracking error found at 0.23 per cent.
Our Bureau
CALCUTTA, Feb. 22
UNIT Trust of India has found that Master Index Fund (MIF), its first fund that mirrors the BSE Sensitive Index, has had a tracking error of 0.23 per cent since inception. UTI has recorded this in a recent communication to investors.
The fund is currently in the limelight in the context of the launch of UTI's second index fund for domestic investors. The new fund would track the S&P CNX Nifty.
Various sections of the market, which views MIF as a precedent of sorts, are keen to know the returns on the fund, a good way of judging its performance. According to Value Research, the New Delhi-based mutual fund …
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