Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes

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....f Trustees of Mutual Funds / Association of Mutual Funds in India (AMFI) Sir/ Madam, Subject: Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes 1. In order to standardize and bring uniformity in the Benchmarks of Mutual Fund Schemes and taking into account the recommendations of Mutual Fund Advisory Committee (MFAC), it has been decided that there would be....

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..... For Growth / Equity Oriented Schemes First Tier: One Broad Market Index per Index Provider for each category e.g.: S&P BSE 100 Index or NSE 100 Index for Large Cap Fund Category Second Tier: Bespoke according to Investment Style/Strategy of the Index e.g.: Nifty 50 Index iii. For Hybrid and Solution Oriented Schemes: There would be a single benchmark, i.e., Br....

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....chemes: Depending on underlying asset allocation, Broad Market benchmark may be arrived at. 3. AMFI is advised to publish: (a) Benchmarks intended to be used by AMCs as first tier benchmarks within a period of one month from the date of issuance of this circular. (b) Benchmarks intended to be used as first tier benchmark by AMCs for open ended debt schemes as per the ....