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Nifty 5024,277.60.23%H 24,277.6 · L 24,277.6|Sensex77,472.940.24%H 77,986.84 · L 77,472.94|Bank Nifty57,9850.82%H 57,985 · L 57,985|USD / INR₹95.450.05%H ₹95.47 · L ₹95.4|Gold Intl (10g)₹1,43,893.030.76%H ₹1,44,156.95 · L ₹1,42,644|Silver Intl (1kg)₹2,12,580.411.83%H ₹2,13,439.69 · L ₹2,08,959.14|Crude WTI₹7,809.920.5%H ₹7,843.33 · L ₹7,778.42|Bitcoin₹75,24,3690.01%H ₹75,24,902.59 · L ₹75,23,835.41|Ethereum₹2,37,9291.4%H ₹2,39,598.84 · L ₹2,36,259.16|Nifty 5024,277.60.23%H 24,277.6 · L 24,277.6|Sensex77,472.940.24%H 77,986.84 · L 77,472.94|Bank Nifty57,9850.82%H 57,985 · L 57,985|USD / INR₹95.450.05%H ₹95.47 · L ₹95.4|Gold Intl (10g)₹1,43,893.030.76%H ₹1,44,156.95 · L ₹1,42,644|Silver Intl (1kg)₹2,12,580.411.83%H ₹2,13,439.69 · L ₹2,08,959.14|Crude WTI₹7,809.920.5%H ₹7,843.33 · L ₹7,778.42|Bitcoin₹75,24,3690.01%H ₹75,24,902.59 · L ₹75,23,835.41|Ethereum₹2,37,9291.4%H ₹2,39,598.84 · L ₹2,36,259.16|
BreakingRetail Investors Turn Selective in IPO Market1/4

Alpha

The excess return a fund earns over its benchmark.

Definition

Alpha measures how much a fund or portfolio has outperformed (positive alpha) or underperformed (negative alpha) its benchmark index, after adjusting for risk. It reflects the value added by the fund manager's decisions.

Example

If a fund returns 15% while its benchmark returns 12%, it has generated roughly 3% of alpha.

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