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Sebitweaks benchmarking norms for mutual funds
Business Standard
|October 28, 2021
Securities and Exchange Board of India (Sebi) has tweaked the benchmarking norms for mutual fund (MF) schemes in abid to bring more uniformity.
The regulator has introduced a two-tiered structure for benchmarking of schemes and all the benchmarks followed should be total return index (TRI).
According to the circular, the first tier benchmark shall be reflective of the category of the scheme, and the second tier benchmark should be demonstrative of the investment style or strategy of the fund manager within the category.
This story is from the October 28, 2021 edition of Business Standard.
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