Ch.11 · Scheme Performance Disclosure Rules · medium
Which of the following is a SEBI requirement regarding benchmarks for mutual fund schemes?
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EXPLANATION
SEBI mandates that each scheme use an appropriate benchmark that reflects its category and investment universe. For example, a large-cap fund should benchmark against Nifty 100 or S&P BSE 100, not a broader mid-cap index. Performance against the benchmark must be disclosed in all statutory documents and communications.
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