Bench Mark
It is used as a reference or a scale to measure the performance of a fund. Benchmarks are crucial for investors as they provide a way to assess how well a mutual fund is performing relative to the market or the sector. If the fund outperforms the benchmark, it is said to perform well in the broader market.
Disclaimer: Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.