NISM-Series V-A: Mutual Fund Certification Exam Notes
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Real Estate Funds - A few real estate services companies have developed real estate indices. These have shorter histories, and are yet to earn the wider acceptance that the equity indices enjoy.
International Funds - The benchmark would depend on where the scheme proposes to invest. Thus, a scheme seeking to invest in China might have the Hang Seng Index (Chinese index) as the benchmark.
S&P 500 may be appropriate for a scheme that would invest largely in the US market
Standard benchmarks for Equity scheme - Sensex or Nifty
Standard benchmarks for Long term debt scheme - 10 year dated GoI security
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