New AIF benchmarks may be coming soon, Crisil doing data collection

The data collection process is being carried out by CRISIL

Alternative investment funds may soon have benchmarks for measuring and comparing performance. Rating agency CRISIL had already been collecting data for their creation by reaching out to various funds, according to two people familiar with the matter. The Indian Private Equity and Venture Capital Association (IVCA) had sent a communication to members, requesting them to share data for the exercise in August, said one of the sources.  

A benchmark is basically an index against returns of which a fund can measure its performance. For example, many mutual funds would have the S&P BSE Sensex as a benchmark to determine if the