In your interest.
Online Personal Finance Magazine
No beating about the bush.
SEBI stipulates that every mutual fund equity scheme must have a benchmark index. Does it make sense, asks Vikas Morzaria
The Securities and Exchange Board of India (SEBI) introduced benchmarking for equity funds vide its circular dated March 26, 2002. The idea was “to provide an objective analysis of the performance of mutual fund schemes to the investors”. Fund houses were given the...