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Nifty 5024,206.91.02%H 24,228.45 · L 24,120.35|Sensex77,569.391.08%H 77,642.23 · L 77,320.56|Bank Nifty58,045.91.39%H 58,251.95 · L 57,576.7|USD / INR₹95.370.01%H ₹95.37 · L ₹95.37|Gold Intl (10g)₹1,25,438.830.55%H ₹1,26,070.47 · L ₹1,25,328.45|Silver Intl (1kg)₹1,81,535.221.6%H ₹1,83,344.29 · L ₹1,81,059.96|Crude WTI₹7,020.193.08%H ₹7,076.45 · L ₹6,979.18|Bitcoin$63,7780.74%H $64,013.2 · L $63,542.8|Ethereum$1,801.990.76%H $1,808.82 · L $1,795.16|Nifty 5024,206.91.02%H 24,228.45 · L 24,120.35|Sensex77,569.391.08%H 77,642.23 · L 77,320.56|Bank Nifty58,045.91.39%H 58,251.95 · L 57,576.7|USD / INR₹95.370.01%H ₹95.37 · L ₹95.37|Gold Intl (10g)₹1,25,438.830.55%H ₹1,26,070.47 · L ₹1,25,328.45|Silver Intl (1kg)₹1,81,535.221.6%H ₹1,83,344.29 · L ₹1,81,059.96|Crude WTI₹7,020.193.08%H ₹7,076.45 · L ₹6,979.18|Bitcoin$63,7780.74%H $64,013.2 · L $63,542.8|Ethereum$1,801.990.76%H $1,808.82 · L $1,795.16|
Breakingಮಕ್ಕಳ ಶಿಕ್ಷಣದ ಮೇಲಿನ ತೆರಿಗೆ ಉಳಿಸಿ: ಸೆಕ್ಷನ್ 80C ಮತ್ತು ಭತ್ಯೆಯ ಪ್ರಯೋಜನಗಳ ವಿವರಣೆ1/6

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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