Benchmarking of mutual fund schemes: two-tier total-return index framework standardizes category and style-specific benchmarks, with AMFI publication and phased applicability. Mandates a two-tier benchmarking framework for mutual fund schemes: a mandatory first tier comprising a single broad market benchmark per index provider representative of the scheme category, and an optional second tier of bespoke benchmarks reflecting a fund manager's investment style. Requires all benchmarks to be Total Return Indices and prescribes single-benchmark approaches for hybrid, thematic, index funds, ETFs and specified treatment for fund-of-funds. Directs AMFI to publish first-tier benchmarks and debt-scheme benchmarks under the Potential Risk Class Matrix, with phased applicability.
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Benchmarking of mutual fund schemes: two-tier total-return index framework standardizes category and style-specific benchmarks, with AMFI publication and phased applicability.
Mandates a two-tier benchmarking framework for mutual fund schemes: a mandatory first tier comprising a single broad market benchmark per index provider representative of the scheme category, and an optional second tier of bespoke benchmarks reflecting a fund manager's investment style. Requires all benchmarks to be Total Return Indices and prescribes single-benchmark approaches for hybrid, thematic, index funds, ETFs and specified treatment for fund-of-funds. Directs AMFI to publish first-tier benchmarks and debt-scheme benchmarks under the Potential Risk Class Matrix, with phased applicability.
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