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Nifty 5022,363.350.7%H 22,651.1 · L 22,304.45as of 12 Oct, 3:31 PM IST|Sensex71,924.680.76%H 72,884.25 · L 71,676.1as of 12 Oct, 3:32 PM IST|Bank Nifty54,9180.61%H 55,416.45 · L 54,708.8as of 12 Oct, 3:31 PM IST|USD / INR₹95.761.05%H ₹96.78 · L ₹95.58as of 12 Oct, 3:32 PM IST|Gold Intl (10g)₹1,29,224.510.45%H ₹1,30,609.95 · L ₹1,28,633.39as of 12 Oct, 6:58 PM IST|Silver Intl (1kg)₹1,87,496.070.24%H ₹1,90,097.62 · L ₹1,86,818.74as of 12 Oct, 6:58 PM IST|Crude WTI₹8,958.351.85%H ₹8,992.82 · L ₹8,581.05as of 12 Oct, 6:58 PM IST|Bitcoin₹78,88,8271.83%H ₹79,61,009.97 · L ₹78,16,644.03as of 12 Oct, 6:55 PM IST|Ethereum₹2,41,5180.3%H ₹2,41,885.09 · L ₹2,41,150.91as of 12 Oct, 6:55 PM IST|Nifty 5022,363.350.7%H 22,651.1 · L 22,304.45as of 12 Oct, 3:31 PM IST|Sensex71,924.680.76%H 72,884.25 · L 71,676.1as of 12 Oct, 3:32 PM IST|Bank Nifty54,9180.61%H 55,416.45 · L 54,708.8as of 12 Oct, 3:31 PM IST|USD / INR₹95.761.05%H ₹96.78 · L ₹95.58as of 12 Oct, 3:32 PM IST|Gold Intl (10g)₹1,29,224.510.45%H ₹1,30,609.95 · L ₹1,28,633.39as of 12 Oct, 6:58 PM IST|Silver Intl (1kg)₹1,87,496.070.24%H ₹1,90,097.62 · L ₹1,86,818.74as of 12 Oct, 6:58 PM IST|Crude WTI₹8,958.351.85%H ₹8,992.82 · L ₹8,581.05as of 12 Oct, 6:58 PM IST|Bitcoin₹78,88,8271.83%H ₹79,61,009.97 · L ₹78,16,644.03as of 12 Oct, 6:55 PM IST|Ethereum₹2,41,5180.3%H ₹2,41,885.09 · L ₹2,41,150.91as of 12 Oct, 6:55 PM IST|
Breakingमहागाई 7% पर्यंत पोहोचू शकते, RBI व्याजदरात आणखी 1.5% वाढ करू शकते: अहवाल1/6

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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