DSP BlackRock to disclose performance against TRI

As a step towards transparency, DSP BlackRock Investment Managers has decided to disclose the performance of its active equity mutual funds with the total return index (TRI) as a benchmark.
"Our move to disclose returns against TRI will help in giving the right picture of the real alpha generated by the active fund management.
"The alpha that is shown currently may look overstated as dividends are not added in benchmark returns," said DSP BlackRock Investment Managers president Kalpen Parekh in a statement.
The mutual funds industry generally showcase its performance against a benchmark.
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Rajan Mehra elevated as CEO of ClubOne Air

Mumbai-based air charters firm ClubOne Air has elevated its chief operating office Rajan Mehra as chief executive within five months of his joining the company.
Prior to joining ClubOne Air, Mehra was the managing director, Indian Subcontinent, at the Universal Weather and Aviation Company of the US, a company release said today.
According to the release, Mehra has also worked for Qatar Airways, Finnair and Asiana Airlines, where he played a key role in setting up India operations of these carriers.