Hindu business line   hbl

With SEBI raising bar for MFs, more underperformers may emerge

Says Kunal Bajaj, Founder and CEO, Clearfunds.com: “SEBI’s January 2018 diktat on benchmarking to the TRI also requires mutual funds to select a benchmark that is in alignment with the investment objective, asset allocation pattern and investment strategy of the scheme.” Currently, inappropriate benchmarks for many funds drive up their outperformance.