Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes

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..... 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 two-tiered structure for benchmarking of schemes for certa .....

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..... vider 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., Broad Market Benchmark wherever available or bespoke to be created for schemes, which would then be applicable across i .....

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..... 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 Potential Risk Class Matrix on or before December 1, 2021. 4. The second tier Benchmark is optional and shall be decided by the AMCs according to Investment Style/Strategy of the Index. Applicab .....

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