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26.12 - 04:19
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Performance tracking: New benchmark norms for mutual funds
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financialexpress.comIn order to make it easier for individual investors to compare and invest in mutual fund schemes, Association of Mutual Funds in India (Amfi) has specified the indices to be followed by the asset management companies (AMCs) as tier one benchmark. This follows a circular from Securities and Exchange Board of India (Sebi) for a two-tiered structure for benchmarking various categories of mutual fund schemes.
The first tier benchmark will reflect the category of the scheme and the second tier benchmark will reflect the investment strategy of the fund manager within the category. All the benchmarks followed will necessarily be Total Return Indices (TRI). The markets regulator’s circular is to standardise and bring uniformity in the benchmarks of
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