Discrepancy in Nasdaq 100 FoF, ETF and Index
So here is the data of
Navi Nasdaq 100 FoF
Motilal Nasdaq ETF
Motilal Nasdaq FoF
Nasdaq 100 Index values
I dont understand why the percentage increase is different in all these options? Ideally all ETFs, FoFs should match (ignoring the fees) the closing percentage increase/decrease of Nasdaq 100 Index… no?
Obviously there would be difference because of fees, exchange rate, etc. but these can’t be that high to make such a huge difference.
Also the difference is not only between mutual funds and Nasdaq Index, but there is wide variations among mutual fund schemes (ETF/FoF) itself. The expense ratio / exchange rate would be in line and more or less similar for these schemes. Then why the difference??
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