Markets regulator Sebi recently brought in a two-tiered structure for benchmarking of mutual funds to standardize benchmarks of schemes. The first-tier benchmark is as per the category of the scheme, and the second tier, which is optional, reflects the investment style of the fund manager. For first-tier benchmarks of income/debt-oriented and growth/equity-oriented schemes, the regulator has suggested one broad market index per index provider for each category.
Financial Terms Like Mutual Fund, IPO and Bond Now In Sign Language For Differently-Abled
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