SEBI issues a circular on benchmarking mutual fund schemes’ performance to Total Return Index
Jan 04 2018
News Category: Regulatory Updates
Securities and Exchange Board of India has issued a circular on benchmarking mutual fund schemes’ performance to Total Return Index. With an objective to enable investors to compare the performance of a scheme vis-à-vis an appropriate benchmark, it has been decided that selection of a benchmark for the scheme of a mutual fund shall be in alignment with the investment objective, asset allocation pattern and investment strategy of the scheme.