The Association of Mutual Funds in India (AMFI) has published a list of tier-1 benchmarks that mutual funds can use for debt, equity, and hybrid schemes. That directive has been followed by AMFI's release. Each fund category has two criteria, according to the industry group. It has indicated two benchmarks in the case of debt funds, one from NSE and the other from Crisil. It has one benchmark from the NSE and one from the S&P BSE Index for equity funds.