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Performance tracking: New benchmark norms for mutual funds
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financialexpress.comIn order to make it easier for individual investors to compare and invest in mutual fund schemes, Association of Mutual Funds in India (Amfi) has specified the indices to be followed by the asset management companies (AMCs) as tier one benchmark. This follows a circular from Securities and Exchange Board of India (Sebi) for a two-tiered structure for benchmarking various categories of mutual fund schemes.
The first tier benchmark will reflect the category of the scheme and the second tier
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