NISM-Series V-A: Mutual Fund Certification Exam Notes
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ICICI Securities' Sovereign Bond Index (I-Bex) is based on government securities. It consists of an umbrella index covering the entire market, and sub-indices catering to three contiguous maturity buckets.
The three sub-indices are?Si-Bex (1 to 3 years), Mi-Bex (3 to 7 years) and Li-Bex (more than 7 years )
Liquid schemes invest in securities of upto 91 days' maturity. Therefore, a short term money market benchmark such as NSE's MIBOR or CRISIL Liquid Fund Index is suitable.
Hybrid Funds - invest in a mix of debt and equity. Therefore, the benchmark for a hybrid fund is a blend of an equity and debt index. CRISIL Hybrid Index
Gold ETF - Gold price would be the benchmark for such funds.
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