https://www.taxtmi.com/circulars?id=65184 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. en-us Wed, 27 Oct 2021 00:00:00 +0530 Thu, 28 Oct 2021 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65184 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. Circulars SEBI Wed, 27 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65184