So it's been 1 month since MOAMC opened The S&P 500 Index Fund. The Index is up 9.4% in last 1 month however the Fund is only up 4.2%. Isn't this an abnormal tracking error? What am I missing?
Edit: Apparently I was missing a lot. The difference is much lesser and even the same was on account of the rupee appreciation. Please refer @azknight 's comment below.( )
Edit: Apparently I was missing a lot. The difference is much lesser and even the same was on account of the rupee appreciation. Please refer @azknight 's comment below.( )