MF Disclosure on WebNoteshttps://v2.webnotes.in/tags/mf-disclosure/Recent content in MF Disclosure on WebNotesHugoen-INTue, 19 May 2026 00:00:00 +0000How to read a Key Information Memorandum (KIM)https://v2.webnotes.in/how-to-read-key-information-memorandum/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-read-key-information-memorandum/<p><strong>KIM</strong> is the SEBI-mandated condensed summary of a scheme. Always provided with application form. Sufficient for initial review; SID required for diligence.</p> <p><strong>Conflict-of-interest disclosure.</strong> This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or platform. No affiliate commission is earned.</p> <aside class="callout callout--note" role="note"> <strong class="callout__label">Prerequisites</strong> <div class="callout__body"><ul> <li>Access to KIM via AMC website or application packet.</li> </ul> </div> </aside> <h2 id="step-by-step-procedure">Step-by-step procedure</h2> <p>See the procedure infobox above for the six steps.</p>How to read a mutual fund factsheethttps://v2.webnotes.in/how-to-read-mf-factsheet/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-read-mf-factsheet/<p><strong>MF factsheet</strong> is the most-current monthly disclosure of a scheme. Performance, portfolio, expense, manager: all in one document.</p> <p><strong>Conflict-of-interest disclosure.</strong> This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or platform. No affiliate commission is earned.</p> <aside class="callout callout--note" role="note"> <strong class="callout__label">Prerequisites</strong> <div class="callout__body"><ul> <li>Access to scheme factsheet via AMC website.</li> </ul> </div> </aside> <h2 id="step-by-step-procedure">Step-by-step procedure</h2> <p>See the procedure infobox above for the eight steps.</p> <aside class="callout callout--warn" role="note"> <strong class="callout__label">What can go wrong</strong> <div class="callout__body"><ul> <li><strong>Reading Regular performance, investing Direct</strong>: Direct ~80 bps higher CAGR.</li> <li><strong>Ignoring manager change footnote</strong>: New manager = new strategy potential.</li> <li><strong>Backward-looking interpretation</strong>: Past returns ≠ future.</li> </ul> </div> </aside> <h2 id="see-also">See also</h2> <ul> <li><a href="https://v2.webnotes.in/how-to-read-mf-riskometer/">How to read MF riskometer</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-scheme-information-document/">How to read scheme information document</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-key-information-memorandum/">How to read key information memorandum</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-statement-additional-information/">How to read statement of additional information</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-portfolio-disclosure/">How to read MF portfolio disclosure</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-expense-disclosure/">How to read MF expense disclosure</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-benchmark-comparison/">How to read MF benchmark comparison</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-stress-test-disclosure/">How to read MF stress test disclosure</a> </li> <li><a href="https://v2.webnotes.in/how-to-evaluate-fund-manager-track-record/">How to evaluate fund manager track record</a> </li> <li><a href="https://v2.webnotes.in/how-to-compare-two-mf-schemes/">How to compare two MF schemes</a> </li> <li><a href="https://v2.webnotes.in/how-to-compute-risk-adjusted-return/">How to compute risk-adjusted return</a> </li> <li><a href="https://v2.webnotes.in/how-to-select-large-cap-fund/">How to select large-cap fund</a> </li> <li><a href="https://v2.webnotes.in/how-to-select-flexicap-fund/">How to select flexicap fund</a> </li> <li><a href="https://v2.webnotes.in/how-to-select-debt-fund/">How to select debt fund</a> </li> <li><a href="https://v2.webnotes.in/factsheet-mf/">Factsheet (MF)</a> </li> <li><a href="https://v2.webnotes.in/scheme-information-document/">Scheme Information Document</a> </li> <li><a href="https://v2.webnotes.in/key-information-memorandum/">Key Information Memorandum</a> </li> <li><a href="https://v2.webnotes.in/riskometer-mf/">Riskometer (MF)</a> </li> <li><a href="https://v2.webnotes.in/total-expense-ratio-mf/">Total expense ratio (MF)</a> </li> <li><a href="https://v2.webnotes.in/portfolio-turnover-ratio/">Portfolio turnover ratio</a> </li> <li><a href="https://v2.webnotes.in/sebi-mf-categorisation-2017/">SEBI MF categorisation (October 2017)</a> </li> <li><a href="https://v2.webnotes.in/direct-plan-vs-regular-plan/" rel="nofollow">Direct plan vs regular plan</a> </li> <li><a href="https://v2.webnotes.in/mutual-funds-india/">Mutual funds in India</a> </li> <li><a href="https://v2.webnotes.in/amfi-association-of-mutual-funds/">AMFI</a> </li> <li><a href="https://v2.webnotes.in/sebi/">SEBI</a> </li> </ul> <h2 id="external-references">External references</h2> <ul> <li><a href="https://www.sebi.gov.in/">SEBI</a> </li> <li><a href="https://www.amfiindia.com/">AMFI India</a> </li> </ul> <h2 id="references">References</h2> <ol> <li>SEBI (Mutual Funds) Regulations, 1996.</li> <li>SEBI Master Circular for Mutual Funds.</li> <li>AMFI Best Practice Guidelines on factsheet disclosure.</li> </ol>How to read a Scheme Information Document (SID)https://v2.webnotes.in/how-to-read-scheme-information-document/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-read-scheme-information-document/<p><strong>SID</strong> is the comprehensive legal-and-operational document for a mutual fund scheme. Most retail investors don&rsquo;t read it; they should. The factsheet is the marketing version; SID is the truth.</p> <p><strong>Conflict-of-interest disclosure.</strong> This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or platform. No affiliate commission is earned.</p> <aside class="callout callout--note" role="note"> <strong class="callout__label">Prerequisites</strong> <div class="callout__body"><ul> <li>Access to SID PDF via AMC website.</li> <li>1 hour reading time.</li> </ul> </div> </aside> <h2 id="step-by-step-procedure">Step-by-step procedure</h2> <p>See the procedure infobox above for the eight steps.</p>How to read a Statement of Additional Information (SAI)https://v2.webnotes.in/how-to-read-statement-additional-information/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-read-statement-additional-information/<p><strong>SAI</strong> is the AMC-wide disclosure document. Updated less frequently than SIDs. Useful for governance and operational understanding.</p> <p><strong>Conflict-of-interest disclosure.</strong> This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or platform. No affiliate commission is earned.</p> <aside class="callout callout--note" role="note"> <strong class="callout__label">Prerequisites</strong> <div class="callout__body"><ul> <li>Access to SAI PDF via AMC website.</li> </ul> </div> </aside> <h2 id="step-by-step-procedure">Step-by-step procedure</h2> <p>See the procedure infobox above for the six steps.</p> <aside class="callout callout--warn" role="note"> <strong class="callout__label">What can go wrong</strong> <div class="callout__body"><ul> <li><strong>Treating SAI as scheme-specific</strong>: It&rsquo;s AMC-level.</li> <li><strong>Outdated SAI</strong>: Verify date.</li> </ul> </div> </aside> <h2 id="see-also">See also</h2> <ul> <li><a href="https://v2.webnotes.in/how-to-read-scheme-information-document/">How to read scheme information document</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-key-information-memorandum/">How to read key information memorandum</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-factsheet/">How to read MF factsheet</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-riskometer/">How to read MF riskometer</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-portfolio-disclosure/">How to read MF portfolio disclosure</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-expense-disclosure/">How to read MF expense disclosure</a> </li> <li><a href="https://v2.webnotes.in/how-to-evaluate-fund-manager-track-record/">How to evaluate fund manager track record</a> </li> <li><a href="https://v2.webnotes.in/statement-of-additional-information/">Statement of Additional Information</a> </li> <li><a href="https://v2.webnotes.in/scheme-information-document/">Scheme Information Document</a> </li> <li><a href="https://v2.webnotes.in/key-information-memorandum/">Key Information Memorandum</a> </li> <li><a href="https://v2.webnotes.in/asset-management-company/">AMC (Asset Management Company)</a> </li> <li><a href="https://v2.webnotes.in/mutual-fund-trustee/" rel="nofollow">Mutual fund trustee</a> </li> <li><a href="https://v2.webnotes.in/sponsor-mutual-fund/">Sponsor (mutual fund)</a> </li> <li><a href="https://v2.webnotes.in/mutual-funds-india/">Mutual funds in India</a> </li> <li><a href="https://v2.webnotes.in/amfi-association-of-mutual-funds/">AMFI</a> </li> <li><a href="https://v2.webnotes.in/sebi/">SEBI</a> </li> </ul> <h2 id="external-references">External references</h2> <ul> <li><a href="https://www.sebi.gov.in/">SEBI</a> </li> <li><a href="https://www.amfiindia.com/">AMFI India</a> </li> </ul> <h2 id="references">References</h2> <ol> <li>SEBI (Mutual Funds) Regulations, 1996.</li> <li>SEBI Master Circular for Mutual Funds.</li> <li>AMFI Best Practice Guidelines.</li> </ol>How to read mutual fund benchmark comparisonhttps://v2.webnotes.in/how-to-read-mf-benchmark-comparison/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-read-mf-benchmark-comparison/<p><strong>MF benchmark comparison</strong> is the standard alpha-disclosure mechanism. Post-2018 TRI adoption made comparisons fair; alpha is now meaningful.</p> <p><strong>Conflict-of-interest disclosure.</strong> This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or platform. No affiliate commission is earned.</p> <aside class="callout callout--note" role="note"> <strong class="callout__label">Prerequisites</strong> <div class="callout__body"><ul> <li>Factsheet with benchmark comparison.</li> </ul> </div> </aside> <h2 id="step-by-step-procedure">Step-by-step procedure</h2> <p>See the procedure infobox above for the six steps.</p> <aside class="callout callout--warn" role="note"> <strong class="callout__label">What can go wrong</strong> <div class="callout__body"><ul> <li><strong>Comparing to PRI</strong>: Excludes dividends; understates benchmark.</li> <li><strong>Single-period alpha</strong>: Mean reversion likely.</li> <li><strong>Cherry-picked benchmark</strong>: Verify it&rsquo;s the SEBI-mandated Tier 1.</li> </ul> </div> </aside> <h2 id="see-also">See also</h2> <ul> <li><a href="https://v2.webnotes.in/how-to-read-mf-factsheet/">How to read MF factsheet</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-portfolio-disclosure/">How to read MF portfolio disclosure</a> </li> <li><a href="https://v2.webnotes.in/how-to-compute-risk-adjusted-return/">How to compute risk-adjusted return</a> </li> <li><a href="https://v2.webnotes.in/how-to-compare-two-mf-schemes/">How to compare two MF schemes</a> </li> <li><a href="https://v2.webnotes.in/how-to-evaluate-fund-manager-track-record/">How to evaluate fund manager track record</a> </li> <li><a href="https://v2.webnotes.in/how-to-select-large-cap-fund/">How to select large-cap fund</a> </li> <li><a href="https://v2.webnotes.in/how-to-select-flexicap-fund/">How to select flexicap fund</a> </li> <li><a href="https://v2.webnotes.in/how-to-select-index-fund/">How to select index fund</a> </li> <li><a href="https://v2.webnotes.in/how-to-understand-mf-tier-1-tier-2-benchmarks/">How to understand MF tier 1 tier 2 benchmarks</a> </li> <li><a href="https://v2.webnotes.in/total-return-index/">Total return index</a> </li> <li><a href="https://v2.webnotes.in/price-return-index/">Price return index</a> </li> <li><a href="https://v2.webnotes.in/alpha-investing/">Alpha (investing)</a> </li> <li><a href="https://v2.webnotes.in/tracking-error/">Tracking error</a> </li> <li><a href="https://v2.webnotes.in/nifty-50/">Nifty 50</a> </li> <li><a href="https://v2.webnotes.in/nifty-100/">Nifty 100</a> </li> <li><a href="https://v2.webnotes.in/nifty-500/">Nifty 500</a> </li> <li><a href="https://v2.webnotes.in/nifty-midcap-150/">Nifty Midcap 150</a> </li> <li><a href="https://v2.webnotes.in/nifty-smallcap-250/">Nifty Smallcap 250</a> </li> <li><a href="https://v2.webnotes.in/sebi-mf-categorisation-2017/">SEBI MF categorisation (October 2017)</a> </li> <li><a href="https://v2.webnotes.in/sebi-tri-benchmark-circular-2018/">SEBI TRI benchmark circular 2018</a> </li> <li><a href="https://v2.webnotes.in/mutual-funds-india/">Mutual funds in India</a> </li> <li><a href="https://v2.webnotes.in/amfi-association-of-mutual-funds/">AMFI</a> </li> <li><a href="https://v2.webnotes.in/sebi/">SEBI</a> </li> </ul> <h2 id="external-references">External references</h2> <ul> <li><a href="https://www.sebi.gov.in/">SEBI</a> </li> <li><a href="https://www.amfiindia.com/">AMFI India</a> </li> <li><a href="https://www.niftyindices.com/">NSE Indices</a> </li> </ul> <h2 id="references">References</h2> <ol> <li>SEBI (Mutual Funds) Regulations, 1996.</li> <li>SEBI TRI benchmark circular, 2018.</li> <li>SEBI Master Circular for Mutual Funds.</li> <li>AMFI Best Practice Guidelines.</li> </ol>How to read mutual fund expense disclosurehttps://v2.webnotes.in/how-to-read-mf-expense-disclosure/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-read-mf-expense-disclosure/<p><strong>MF expense disclosure</strong> is the most underweighted variable in retail decisions. 1% TER seems small until you compound it over 25 years.</p> <p><strong>Conflict-of-interest disclosure.</strong> This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or platform. No affiliate commission is earned.</p> <aside class="callout callout--note" role="note"> <strong class="callout__label">Prerequisites</strong> <div class="callout__body"><ul> <li>Access to scheme factsheet / SID.</li> </ul> </div> </aside> <h2 id="step-by-step-procedure">Step-by-step procedure</h2> <p>See the procedure infobox above for the six steps.</p> <h3 id="ter-caps-sebi">TER caps (SEBI)</h3> <table> <thead> <tr> <th>AUM slab</th> <th>Equity max</th> <th>Debt max</th> </tr> </thead> <tbody> <tr> <td>First Rs 500 crore</td> <td>2.25%</td> <td>2.00%</td> </tr> <tr> <td>Next Rs 250 crore</td> <td>2.00%</td> <td>1.75%</td> </tr> <tr> <td>Next Rs 1,250 crore</td> <td>1.75%</td> <td>1.50%</td> </tr> <tr> <td>Next Rs 3,000 crore</td> <td>1.60%</td> <td>1.35%</td> </tr> <tr> <td>Next Rs 5,000 crore</td> <td>1.50%</td> <td>1.25%</td> </tr> <tr> <td>Next Rs 40,000 crore</td> <td>5 bps reduction per Rs 5,000 crore</td> <td>same</td> </tr> <tr> <td>Above</td> <td>1.05%</td> <td>0.80%</td> </tr> </tbody> </table> <p>Direct plan: Regular TER minus distribution commission.</p>How to read mutual fund riskometerhttps://v2.webnotes.in/how-to-read-mf-riskometer/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-read-mf-riskometer/<p><strong>Riskometer</strong> is SEBI&rsquo;s standardised risk-disclosure gauge. Six levels with quantitative methodology; backward-looking but useful for comparative scheme risk.</p> <p><strong>Conflict-of-interest disclosure.</strong> This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or platform. No affiliate commission is earned.</p> <aside class="callout callout--note" role="note"> <strong class="callout__label">Prerequisites</strong> <div class="callout__body"><ul> <li>Access to scheme factsheet / SID / AMC site.</li> </ul> </div> </aside> <h2 id="step-by-step-procedure">Step-by-step procedure</h2> <p>See the procedure infobox above for the six steps.</p> <h3 id="riskometer-levels-by-typical-scheme">Riskometer levels by typical scheme</h3> <table> <thead> <tr> <th>Level</th> <th>Typical schemes</th> </tr> </thead> <tbody> <tr> <td>Low</td> <td>Overnight, Liquid (some)</td> </tr> <tr> <td>Low to Moderate</td> <td>Liquid, UST</td> </tr> <tr> <td>Moderate</td> <td>Short / Money Market / Conservative Hybrid</td> </tr> <tr> <td>Moderately High</td> <td>Corporate Bond, Banking PSU, Large-cap (some)</td> </tr> <tr> <td>High</td> <td>Equity Savings, Aggressive Hybrid (some)</td> </tr> <tr> <td>Very High</td> <td>Equity, Sectoral, Credit Risk, Small-cap</td> </tr> </tbody> </table> <aside class="callout callout--warn" role="note"> <strong class="callout__label">What can go wrong</strong> <div class="callout__body"><ul> <li><strong>Treating riskometer as predictive</strong>: It&rsquo;s backward-looking.</li> <li><strong>Ignoring methodology</strong>: Two &ldquo;Moderately High&rdquo; funds can have very different risk drivers.</li> </ul> </div> </aside> <h2 id="see-also">See also</h2> <ul> <li><a href="https://v2.webnotes.in/how-to-read-mf-factsheet/">How to read factsheet (MF)</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-scheme-information-document/">How to read scheme information document</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-portfolio-disclosure/">How to read MF portfolio disclosure</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-expense-disclosure/">How to read MF expense disclosure</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-stress-test-disclosure/">How to read MF stress test disclosure</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-benchmark-comparison/">How to read MF benchmark comparison</a> </li> <li><a href="https://v2.webnotes.in/how-to-compute-risk-adjusted-return/">How to compute risk-adjusted return</a> </li> <li><a href="https://v2.webnotes.in/how-to-compare-two-mf-schemes/">How to compare two MF schemes</a> </li> <li><a href="https://v2.webnotes.in/how-to-interpret-mf-yield-to-maturity/">How to interpret MF yield-to-maturity</a> </li> <li><a href="https://v2.webnotes.in/how-to-evaluate-fund-manager-track-record/">How to evaluate fund manager track record</a> </li> <li><a href="https://v2.webnotes.in/riskometer-mf/">Riskometer (MF)</a> </li> <li><a href="https://v2.webnotes.in/sebi-riskometer-circular-2020/">SEBI riskometer circular 2020</a> </li> <li><a href="https://v2.webnotes.in/sebi-mf-categorisation-2017/">SEBI MF categorisation (October 2017)</a> </li> <li><a href="https://v2.webnotes.in/macaulay-duration/">Macaulay duration</a> </li> <li><a href="https://v2.webnotes.in/modified-duration/">Modified duration</a> </li> <li><a href="https://v2.webnotes.in/credit-rating-indian/">Credit rating (Indian)</a> </li> <li><a href="https://v2.webnotes.in/mutual-funds-india/">Mutual funds in India</a> </li> <li><a href="https://v2.webnotes.in/amfi-association-of-mutual-funds/">AMFI</a> </li> <li><a href="https://v2.webnotes.in/sebi/">SEBI</a> </li> </ul> <h2 id="external-references">External references</h2> <ul> <li><a href="https://www.sebi.gov.in/">SEBI Riskometer Circular</a> </li> <li><a href="https://www.amfiindia.com/">AMFI India</a> </li> </ul> <h2 id="references">References</h2> <ol> <li>SEBI Circular on Product Labelling in Mutual Fund Schemes (Riskometer), 5 October 2020.</li> <li>SEBI Master Circular for Mutual Funds.</li> <li>AMFI Best Practice Guidelines.</li> </ol>How to read mutual fund stress test disclosurehttps://v2.webnotes.in/how-to-read-mf-stress-test-disclosure/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-read-mf-stress-test-disclosure/<p><strong>Stress test disclosure</strong> (SEBI 2024 mandate) reveals liquidity risk in mid- and small-cap funds. Crucial for understanding what happens if many investors redeem simultaneously.</p> <p><strong>Conflict-of-interest disclosure.</strong> This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or platform. No affiliate commission is earned.</p> <aside class="callout callout--note" role="note"> <strong class="callout__label">Prerequisites</strong> <div class="callout__body"><ul> <li>Mid/small-cap fund factsheet with stress-test disclosure.</li> </ul> </div> </aside> <h2 id="step-by-step-procedure">Step-by-step procedure</h2> <p>See the procedure infobox above for the six steps.</p>How to understand mutual fund Tier 1 and Tier 2 benchmarkshttps://v2.webnotes.in/how-to-understand-mf-tier-1-tier-2-benchmarks/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-understand-mf-tier-1-tier-2-benchmarks/<p><strong>Tier 1 / Tier 2 benchmark framework</strong> (SEBI 2021) standardised MF benchmarking. Comparison fairness improved significantly post-implementation.</p> <p><strong>Conflict-of-interest disclosure.</strong> This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or platform. No affiliate commission is earned.</p> <aside class="callout callout--note" role="note"> <strong class="callout__label">Prerequisites</strong> <div class="callout__body"><ul> <li>Scheme factsheet with benchmark disclosure.</li> </ul> </div> </aside> <h2 id="step-by-step-procedure">Step-by-step procedure</h2> <p>See the procedure infobox above for the five steps.</p> <h3 id="category-wise-tier-1-benchmarks">Category-wise Tier 1 benchmarks</h3> <table> <thead> <tr> <th>Category</th> <th>Tier 1</th> </tr> </thead> <tbody> <tr> <td>Large-cap</td> <td>Nifty 100 TRI / S&amp;P BSE 100 TRI</td> </tr> <tr> <td>Flexi-cap</td> <td>Nifty 500 TRI</td> </tr> <tr> <td>Multi-cap</td> <td>Nifty 500 Multicap 50:25:25 TRI</td> </tr> <tr> <td>Mid-cap</td> <td>Nifty Midcap 150 TRI</td> </tr> <tr> <td>Small-cap</td> <td>Nifty Smallcap 250 TRI</td> </tr> <tr> <td>Large &amp; Mid</td> <td>Nifty Large Midcap 250 TRI</td> </tr> <tr> <td>ELSS</td> <td>Nifty 500 TRI</td> </tr> <tr> <td>Liquid</td> <td>CRISIL Liquid Index</td> </tr> <tr> <td>Short Duration</td> <td>CRISIL Short Duration</td> </tr> <tr> <td>Aggressive Hybrid</td> <td>CRISIL Hybrid 35+65 - Aggressive</td> </tr> <tr> <td>Balanced Advantage</td> <td>CRISIL Hybrid 50+50 - Moderate</td> </tr> </tbody> </table> <aside class="callout callout--warn" role="note"> <strong class="callout__label">What can go wrong</strong> <div class="callout__body"><ul> <li><strong>Pre-2021 factsheets</strong>: Used older / inconsistent benchmarks.</li> <li><strong>Different categorisation per AMC</strong>: Use SEBI&rsquo;s canonical map.</li> </ul> </div> </aside> <h2 id="see-also">See also</h2> <ul> <li><a href="https://v2.webnotes.in/how-to-read-mf-benchmark-comparison/">How to read MF benchmark comparison</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-factsheet/">How to read MF factsheet</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-scheme-information-document/">How to read scheme information document</a> </li> <li><a href="https://v2.webnotes.in/how-to-read-mf-riskometer/">How to read MF riskometer</a> </li> <li><a href="https://v2.webnotes.in/how-to-evaluate-fund-manager-track-record/">How to evaluate fund manager track record</a> </li> <li><a href="https://v2.webnotes.in/how-to-compute-risk-adjusted-return/">How to compute risk-adjusted return</a> </li> <li><a href="https://v2.webnotes.in/how-to-compare-two-mf-schemes/">How to compare two MF schemes</a> </li> <li><a href="https://v2.webnotes.in/how-to-select-large-cap-fund/">How to select large-cap fund</a> </li> <li><a href="https://v2.webnotes.in/how-to-select-flexicap-fund/">How to select flexicap fund</a> </li> <li><a href="https://v2.webnotes.in/how-to-select-index-fund/">How to select index fund</a> </li> <li><a href="https://v2.webnotes.in/sebi-benchmark-circular-2021/">SEBI benchmark circular 2021</a> </li> <li><a href="https://v2.webnotes.in/sebi-mf-categorisation-2017/">SEBI MF categorisation (October 2017)</a> </li> <li><a href="https://v2.webnotes.in/total-return-index/">Total return index</a> </li> <li><a href="https://v2.webnotes.in/nifty-100/">Nifty 100</a> </li> <li><a href="https://v2.webnotes.in/nifty-500/">Nifty 500</a> </li> <li><a href="https://v2.webnotes.in/nifty-midcap-150/">Nifty Midcap 150</a> </li> <li><a href="https://v2.webnotes.in/nifty-smallcap-250/">Nifty Smallcap 250</a> </li> <li><a href="https://v2.webnotes.in/nifty-500-multicap-50-25-25/">Nifty 500 Multicap 50:25:25</a> </li> <li><a href="https://v2.webnotes.in/mutual-funds-india/">Mutual funds in India</a> </li> <li><a href="https://v2.webnotes.in/amfi-association-of-mutual-funds/">AMFI</a> </li> <li><a href="https://v2.webnotes.in/sebi/">SEBI</a> </li> </ul> <h2 id="external-references">External references</h2> <ul> <li><a href="https://www.sebi.gov.in/">SEBI</a> </li> <li><a href="https://www.amfiindia.com/">AMFI India</a> </li> <li><a href="https://www.niftyindices.com/">NSE Indices</a> </li> </ul> <h2 id="references">References</h2> <ol> <li>SEBI Circular on Two-Tiered Benchmark Structure for MF Schemes, 27 October 2021.</li> <li>SEBI Master Circular for Mutual Funds.</li> <li>AMFI Best Practice Guidelines.</li> </ol>