Moneycontrol
Feb 12, 2018 01:46 PM IST | Source: Moneycontrol.com

BNP Paribas Mutual Fund revises benchmark index for two open-ended schemes

The changes come in the wake of SEBI guidelines on October 6.

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BNP Paribas Mutual Fund has revised benchmark index of two open-ended funds, the fund house said in a notice.

Subsequently, BNP Paribas Monthly Income Plan will be benchmarked against CRISIL Hybrid 75+25 - Conservative Index instead of CRISIL MIP Blended Index.

The performance benchmark index for BNP Paribas Balanced Fund will be CRISIL Hybrid 35+65 - Aggressive Index instead of CRISIL Balanced Fund Index.

The changes comes in the wake of SEBI guidelines on Oct 6, however, in order to comply CRISIL had modified their respective benchmark indices on Jan 4.

The Securities and Exchange Board of India had directed mutual funds to compare the performance of their schemes with the total-return variant of its benchmark index as against its current price-return variant.All other features of both the schemes remain unchanged.
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