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Last Updated : Feb 16, 2018 02:56 PM IST | Source: Moneycontrol.com

JM Financial Mutual Fund revises benchmark index of JM Balanced Fund

The revision comes after index compiler CRISIL launched three hybrid indices and changed its methodology for all existing hybrid indices.

JM Financial Mutual Fund has revised the benchmark index of JM Balanced Fund to CRISIL Hybrid 35+65 - Aggressive Index, with immediate effect, the fund house said in a newspaper notice.

Earlier, the scheme was benchmarked against CRISIL Balanced Fund  Aggressive Index.

The revision comes after index compiler CRISIL launched three hybrid indices and changed its methodology for all existing hybrid indices to migrate to the total return variant in order to align with Securities Exchange Board of India's guidelines released on January 4.

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The new indices launched were CRISIL Hybrid 25+75 - Aggressive Index, CRISIL Hybrid 50+50 - Moderate Index, and CRISIL Hybrid 75+25 - Conservative Index.

Further, the fund house has notified that it will benchmark the performance of all its schemes against total return index.

All other features of the scheme remain unchanged.
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First Published on Feb 16, 2018 02:56 pm
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