Sebi issues guidelines for alternative investment funds benchmarking

The Securities and Exchange Board of India (Sebi) has issued guidelines for benchmarking the performance of alternative investment funds (AIFs) with a view to streamlining disclosure standards and helping investors in assessing scheme performance. 

The guidelines come two months after a consultation paper to this effect was floated by the regulator.  “As the industry needs flexibility to showcase its performance based on different criteria, benchmarking performance will help investors in assessing the performance of the AIF industry,” the regulator said in a note put out on Thursday. 

The regulator has proposed that an association of AIFs with representation from at