Exchange traded funds

Speculation can move prices around for irrational reasons, and rational traders often either can’t or won’t bother to correct them. Photo: iStockphoto
Currently, most mutual funds use the price return variant of the index, or price return index (PRI) for benchmarking performance. Photo: Abhijit Bhatlekar/Mint

Accurate benchmarking of mutual funds

4 min read . 16 Jan 2018