Following data shows return on fund as against of return on benchmark over 8 years. Calculate Tracking Error and comment on riskiness of the Fund.

Period Funds Return Benchmark Return

1 2.3% 2.7%

2 -3.6% -4.6%

3 11.2% 10.1%

4 1.2% 2.2%

5 1.5% 0.4%

6 3.2% 2.8%

7 8.9% 8.1%

8 -0.8% 0.6%