Amfi prescribes new benchmark for MF schemes

Amfi prescribes new benchmark for MF schemes

Industry body Amfi has prescribed a new benchmarking system for mutual funds for each of their schemes in a bid to standardize and bring uniformity in the benchmarks.

It has listed out first-tier benchmarks for 67 types of mutual fund schemes. This includes categories of debt, equity, hybrid and solution-oriented funds, information available with the Association of Mutual Funds in India (Amfi) showed on Friday.