Sr.No. | Category | Fund Category | Tier 1 Benchmark - NSE | S&P BSE Index | Crisil Indices | MSCI | |||||||||||||||||||||
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1 | Debt | Overnight Fund | NIFTY 1D Rate Index | CRISIL Overnight Index | |||||||||||||||||||||||
2 | Debt | Liquid Fund | NIFTY Liquid Index | S&P BSE Liquid Rate TRI | CRISIL Liquid Debt Index | ||||||||||||||||||||||
3 | Debt | Ultra Short Duration Fund | NIFTY Ultra Short Duration Debt Index | CRISIL Ultra Short Term Debt Index | |||||||||||||||||||||||
4 | Debt | Low Duration Fund | NIFTY Low Duration Debt Index | CRISIL Low Duration Debt Index | |||||||||||||||||||||||
5 | Debt | Money Market Fund | NIFTY Money Market Index | CRISIL Money Market Index | |||||||||||||||||||||||
6 | Debt | Short Duration Fund | NIFTY Short Duration Debt Index | CRISIL Short Term Bond Index | |||||||||||||||||||||||
7 | Debt | Medium Duration Fund | NIFTY Medium Duration Debt Index | CRISIL Medium Term Debt Index | |||||||||||||||||||||||
8 | Debt | Medium to Long Duration Fund | NIFTY Medium to Long Duration Debt Index | CRISIL Composite Bond Index | |||||||||||||||||||||||
9 | Debt | Long Duration Fund | NIFTY Long Duration Debt Index | CRISIL Long Term Debt Index | |||||||||||||||||||||||
10 | Debt | Dynamic Bond Fund | NIFTY Composite Debt Index | CRISIL Composite Bond Index | |||||||||||||||||||||||
11 | Debt | Corporate Bond Fund | NIFTY Corporate Bond Index | CRISIL Corporate Bond Composite Index | |||||||||||||||||||||||
12 | Debt | Credit Risk Fund | NIFTY Credit Risk Bond Index | CRISIL Short Term Credit Risk Index | |||||||||||||||||||||||
13 | Debt | Banking and PSU Fund | NIFTY Banking and PSU Debt Index | CRISIL Banking and PSU Debt Index | |||||||||||||||||||||||
14 | Debt | Gilt Fund | NIFTY All Duration G-Sec Index | CRISIL Dynamic Gilt Index | |||||||||||||||||||||||
15 | Debt | Gilt Fund with 10 year constant duration Fund | NIFTY 10 Yr Benchmark G-Sec index | S&P BSE10 Year Sovereign Bond Index | CRISIL 10 Year Gilt Index | ||||||||||||||||||||||
16 | Debt | Floater Fund | Based on maturity | Based on maturity profile of the fund0-.25 Mac D- CRISIL Liquid Fund Index.25 - .5 Mac D- CRISIL Ultra short Term Debt Index.5 - 1 Mac D- CRISIL low duration debt index1-3 Mac D- CRISIL Short term bond fund index3-4 Mac D- CRISIL Medium Term Debt Index4-7 Mac D- CRISIL Medium to Long Term Debt IndexMore than 7 Mac D- CRISIL Long Term Debt Index | |||||||||||||||||||||||
17 | Equity | Multi Cap Fund | Nifty 500 Multicap 50:25:25 | S&P BSE 500 TRI | |||||||||||||||||||||||
18 | Equity | Large Cap Fund | NIFTY 100 | S&P BSE 100 TRI | |||||||||||||||||||||||
19 | Equity | Large & Mid Cap Fund | NIFTY Large Midcap 250 | S&P BSE 250 Large MidCap TRI | |||||||||||||||||||||||
20 | Equity | Mid Cap Fund | NIFTY Midcap 150 | S&P BSE Midcap 150 TRI | |||||||||||||||||||||||
21 | Equity | Small Cap Fund | NIFTY Smallcap 250 | S&P BSE 250 SmallCap TRI | |||||||||||||||||||||||
22 | Equity | ELSS | NIFTY 500 | S&P BSE 500 TRI | |||||||||||||||||||||||
23 | Equity | Flexi Cap Fund | NIFTY 500 | S&P BSE 500 TRI | |||||||||||||||||||||||
24 | Equity | Dividend Yield Fund | Nifty 500 | S&P BSE 500 | |||||||||||||||||||||||
25 | Equity | Value Fund/Contra Fund | Nifty 500 | S&P BSE 500 | |||||||||||||||||||||||
26 | Equity | Focused Fund | NIFTY 500 | S&P BSE 500 TRI | |||||||||||||||||||||||
27 | Hybrid | Conservative Hybrid Fund | NIFTY 50 Hybrid Composite Debt 15:85 Index | CRISIL Hybrid 85+15 Conservative Index | |||||||||||||||||||||||
28 | Hybrid | Balanced Hybrid Fund | NIFTY 50 Hybrid Composite debt 50:50 Index | CRISIL Hybrid 50+50 Moderate Index | |||||||||||||||||||||||
29 | Hybrid | Aggressive Hybrid Fund | NIFTY 50 Hybrid Composite Debt 65:35 Index | CRISIL Hybrid 35+65 Aggressive Index | |||||||||||||||||||||||
30 | Hybrid | Dynamic Asset Allocation / Balanced Advantage Fund | NIFTY 50 Hybrid Composite debt 50:50 Index | CRISIL Hybrid 50+50 - Moderate Index | |||||||||||||||||||||||
31 | Hybrid | Multi Asset Allocation Fund | Policy framework for Composition of Benchmark of Multi Asset Allocation Fund Category Considering that multi asset funds allocation schemes of different fund houses may have varied underlying asset allocation, rather than prescribing a single broad market benchmark index or a single bespoke index which would be applicable across industry, the following broad principles are laid down: 1) The benchmark should compulsorily represent all the asset classes in the scheme, where the minimum allocation of a scheme is 10% or more. 2) Additionally, the weightages of these benchmarks should be at least the minimum of the asset allocation range of that particular asset class. For example, if the asset allocation range for equity and equity-related instruments is 65-80%, the benchmark weight should be a minimum of 65% of the equity index. 3) AMCs are advised to use an appropriate combination of the broad indices that represent each asset class as mentioned below: (i) Broad Equity Indices (Min 10% Weight) (includes Domestic & International Equities)
(ii) Broad Fixed Income Indices (Min 10% Weight)
(iii) Commodity Indices (Min 10% Weight)
4) Additionally, AMCs need to ensure the following requirements (as advised by SEBI):
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32 | Hybrid | Arbitrage Fund | NIFTY 50 Arbitrage | CRISIL Arbitrage Index | |||||||||||||||||||||||
33 | Hybrid | Equity Savings Fund | NIFTY Equity Savings | CRISIL Equity Savings Index | |||||||||||||||||||||||
34 | Solution Oriented | Retirement Fund | (a).Nifty500 Plus Nifty Short Duration Debt Index A-II -2035 (b).Nifty500 Plus Nifty Short Duration Debt Index A-II -2040 (c).Nifty500 Plus Nifty Short Duration Debt Index A-II -2045 Note: The above are bespoke indices created by NSE for the Scheme category | S&P BSE 500 TRI | Appropriate benchmark could be based on asset allocation of funds as different funds used varied asset allocation and there is no Regulatory defined asset allocation for this category. (Options- CRISIL Hybrid 25+75 - Aggressive Index, CRISIL Hybrid 35+65 - Aggressive Index, CRISIL Hybrid 50+50 - Moderate Index, CRISIL Hybrid 65+35 - Conservative Index, CRISIL Hybrid 75+25 - Conservative Index, CRISIL Short Term Debt Hybrid 60+40 Index, CRISIL Hybrid 85+15 - Conservative Index, CRISIL Short Term Debt Hybrid 75+25 Index) | ||||||||||||||||||||||
35 | Solution Oriented | Childrens" Fund | Appropriate benchmark could be based on asset allocation of funds as different funds used varied asset allocation and there is no Regulatory defined asset allocation for this category | S&P BSE 500 TRI | Appropriate benchmark could be based on asset allocation of funds as different funds used varied asset allocation and there is no Regulatory defined asset allocation for this category (Options- CRISIL Hybrid 25+75 - Aggressive Index, CRISIL Hybrid 35+65 - Aggressive Index, CRISIL Hybrid 50+50 - Moderate Index, CRISIL Hybrid 65+35 - Conservative Index, CRISIL Hybrid 75+25 - Conservative Index, CRISIL Short Term Debt Hybrid 60+40 Index, CRISIL Hybrid 85+15 - Conservative Index, CRISIL Short Term Debt Hybrid 75+25 Index) | ||||||||||||||||||||||
Sector Funds | |||||||||||||||||||||||||||
36 | Equity | Auto Fund | NIFTY Auto | S&P BSE Auto | |||||||||||||||||||||||
37 | Equity | Bank Fund | NIFTY Bank | S&P BSE Bankex Index TRI | |||||||||||||||||||||||
38 | Equity | Consumer Durable Fund | NIFTY Consumer Durable | S&P BSE Consumer Durables | |||||||||||||||||||||||
39 | Equity | Financial Services Fund | NIFTY Financial Services | S&P BSE Finance TRI | |||||||||||||||||||||||
40 | Equity | FMCG Fund | NIFTY FMCG | S&P BSE Fast Moving Consumer Goods | |||||||||||||||||||||||
41 | Equity | Healthcare Fund | NIFTY Healthcare | S&P BSE Healthcare TRI | |||||||||||||||||||||||
42 | Equity | IT Fund | NIFTY IT | S&P BSE Teck | |||||||||||||||||||||||
43 | Equity | Media, Entertainment Fund | NIFTY Media | ||||||||||||||||||||||||
44 | Equity | Metal Fund | NIFTY Metal | S&P BSE Metal Index | |||||||||||||||||||||||
45 | Equity | Oil & Gas Fund | NIFTY Oil & Gas | S&P BSE Oil & Gas Index | |||||||||||||||||||||||
46 | Equity | Pharma Fund | NIFTY Pharma | S&P BSE Healthcare TRI | |||||||||||||||||||||||
47 | Equity | Private Bank Fund | NIFTY Private Bank | S&P BSE Private Banks Index | |||||||||||||||||||||||
48 | Equity | PSU Bank Fund | NIFTY PSU Bank | ||||||||||||||||||||||||
49 | Equity | Realty/ Real Estate Fund | NIFTY Realty | S&P BSE Realty | |||||||||||||||||||||||
50 | Equity | Telecom | S&P BSE Telecom | ||||||||||||||||||||||||
51 | Equity | Sectoral equity funds investing in Defence & allied sector companies | NIFTY India Defence Index | ||||||||||||||||||||||||
Thematic Funds | |||||||||||||||||||||||||||
52 | Equity | Commodities Fund | NIFTY Commodities | ||||||||||||||||||||||||
53 | Equity | Consupmption Fund | NIFTY India Consumption | S&P BSE Consumer Discretionary Goods & Services | |||||||||||||||||||||||
54 | Equity | CPSE Fund | NIFTY CPSE | S&P BSE CPSE | |||||||||||||||||||||||
55 | Equity | Energy Fund | NIFTY Energy | S&P BSE Energy | |||||||||||||||||||||||
56 | Equity | ESG Fund | Nifty100 ESG Index | S&P BSE 100 ESG Index | |||||||||||||||||||||||
57 | Equity | Infrastructure Fund | NIFTY Infrastructure | S&P BSE India Infrastructure TRI | |||||||||||||||||||||||
58 | Equity | MNC Fund | NIFTY MNC | ||||||||||||||||||||||||
59 | Equity | PSU Equity Fund | Nifty PSE | S&P BSE PSU | |||||||||||||||||||||||
60 | Equity | Services Sector Fund | NIFTY Services Sector | ||||||||||||||||||||||||
61 | Equity | Shariah Fund | NIFTY500 Shariah | S&P BSE 500 Shariah TRI | |||||||||||||||||||||||
62 | Equity | Commodities Equities Fund - Global Agri Plan | S&P Global Agribusiness Index | ||||||||||||||||||||||||
63 | Equity | Manufacturing Fund | Nifty India Manufacturing Index | S&P BSE India Manufacturing TRI | |||||||||||||||||||||||
64 | Equity | Asian Equity Fund | S&P Pan Asia BMI | ||||||||||||||||||||||||
65 | Equity | Japan Equity Fund | S&P Japan 500 | ||||||||||||||||||||||||
66 | Equity | Pioneering innovation theme | Nifty 500 | ||||||||||||||||||||||||
67 | Equity | Transportation & Logistics theme | Nifty Transportation & Logistics Index | ||||||||||||||||||||||||
68 | Equity | Housing Theme | Nifty Housing index | NA | |||||||||||||||||||||||
69 | Equity | Developed & Emerging Markets Opportunities Fund | MSCI AWCI Index | ||||||||||||||||||||||||
70 | Equity | Business Cycle / Special Situation theme | NSE 500 TRI | BSE 500 TRI | |||||||||||||||||||||||
71 | Equity | Quant fund under thematic category | Nifty 200 Index | S&P BSE 200 TRI | |||||||||||||||||||||||
72 | Equity | Non Cyclical Consumer Fund under thematic category | Nifty India Consumption Index | ||||||||||||||||||||||||
73 | Equity | Momentum Fund under thematic category | Nifty 500 TRI |