The Securities and Exchange Commission of Pakistan (SECP) has directed all asset management companies to use standardized benchmarks for collective investment schemes intended for better comparison of the performance against their benchmarks. As per regulatory requirement collective investment schemes are required to disclose the benchmark in their performance reports and other publications/communications where return is published.

Category wise standardisation of benchmark will enable and facilitate the investors to instantly compare the performance of different schemes within a category offered by different asset management companies against the benchmark return. These standardised benchmarks for each category of collective investment scheme are prepared in consultation with the Mutual Fund Association of Pakistan after taking into consideration international best practices. Asset management companies are directed to make amendments in the offering documents and fund manager reports within one month of this direction.