5A chapter 11

Benchmark should be calculated by separate agency

Choice of benchmark is simple for index fund

Sponsor decides benchmark for scheme

Gold price is benchmark for gold etf

Benchmark would be depend upon where scheme purpose to invest

Sharpe ratio measures risk adjustment returns

Treynor ratio measures risk discount returns

AMC and trustee are expected to conduct periodic reviews as per sebi guidelines

Alpha is difference between scheme actual returns and optimal returns

It is not mandatory for fund houses to publish factsheets