“… it is felt that the risk adjusted return (RAR) of a scheme portfolio represents a more holistic measure of the scheme’s performance because it quantifies the amount of return generated by a mutual fund scheme for each unit of risk taken to achieve that return,” Sebi said in a discussion paper.
China stocks rally tested after stimulus-led gains: Markets wrap
Asian shares rose for the fifth consecutive day, driven by Beijing’s support measures. US stocks also hit new highs amid expectations of further rate cuts.