SEBI comes up with a ‘Two-Tiered Structure’ for benchmarking of Mutual Fund schemes

In order to standardize and bring uniformity in the Benchmarks of Mutual Fund Schemes and taking into account the recommendations of the Mutual Fund Advisory Committee (MFAC), SEBI has decided that there would be a two-tiered structure for benchmarking of schemes for certain categories of schemes. The first tier benchmark shall be reflective of the category of scheme, and the second tier benchmark should be demonstrative of the investment style / strategy of Fund Manager within the category.In order to standardize and bring uniformity in the Benchmarks of Mutual Fund Schemes and taking into account the recommendations of the Mutual Fund Advisory Committee (MFAC), SEBI has decided that there would be a two-tiered structure for benchmarking of schemes for certain categories of schemes. The first tier benchmark shall be reflective of the category of scheme, and the second tier benchmark should be demonstrative of the investment style / strategy of Fund Manager within the category.taxmann.com Latest Statutory HappeningsRead More

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