{"id":70273,"date":"2025-04-16T16:14:32","date_gmt":"2025-04-16T10:44:32","guid":{"rendered":"https:\/\/www.5paisa.com\/finschool\/?p=70273"},"modified":"2025-04-24T13:23:42","modified_gmt":"2025-04-24T07:53:42","slug":"what-is-a-benchmark","status":"publish","type":"post","link":"https:\/\/www.5paisa.com\/finschool\/what-is-a-benchmark\/","title":{"rendered":"What is a Benchmark? Meaning and Importance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"70273\" class=\"elementor elementor-70273\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-180a7ab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"180a7ab\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cac4104\" data-id=\"cac4104\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cc7d404 elementor-widget elementor-widget-text-editor\" data-id=\"cc7d404\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><strong>What Are Benchmark Indices and Why Do They Matter?<\/strong><\/h2><p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-70276 size-full\" src=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/04\/What-is-Benchmark.png\" alt=\"What is Benchmark\" width=\"500\" height=\"500\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/04\/What-is-Benchmark.png 500w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/04\/What-is-Benchmark-300x300.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/04\/What-is-Benchmark-150x150.png 150w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/04\/What-is-Benchmark-50x50.png 50w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/04\/What-is-Benchmark-100x100.png 100w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/04\/What-is-Benchmark-96x96.png 96w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p><p>Benchmark indices are essential tools in the world of finance. In essence, they serve as a benchmark or standard by which the performance of investments, such as stocks or mutual funds, is evaluated. Investors can use benchmark indices to determine how well a particular investment or portfolio is performing in relation to the overall market.<\/p><h2><strong>Defining Benchmark Indices<\/strong><\/h2><p>In India, benchmark indices are designed to represent the performance of the stock market, specific sectors, or asset classes. They serve as reference points to measure the growth, trends, and overall sentiment of the Indian economy.<\/p><h2>Examples of Benchmark Indices in India<\/h2><ul><li><strong>Sensex (S&amp;P BSE Sensex):<\/strong> Comprising 30 large-cap companies from various sectors, it reflects the overall performance of the Bombay Stock Exchange (BSE).<\/li><li><strong>Nifty 50: <\/strong>Consisting of 50 major companies listed on the National Stock Exchange (NSE), it serves as a key indicator of the Indian stock market&#8217;s health.<\/li><li><strong>Sectoral Indices:<\/strong> Benchmarks such as the Bank Nifty (for banking stocks) or the IT Index (for IT sector stocks) focus on specific industries.<\/li><\/ul><p>These indices are weighted by market capitalization, meaning companies with higher valuations have a greater impact on the index. They are used by investors to evaluate their portfolios&#8217; performance relative to the broader market and make informed decisions.<\/p><h2><strong>\u00a0<\/strong><strong>Role of Benchmarks in Financial Markets<\/strong><\/h2><p>Benchmark indexes are important because they accomplish several goals:<br \/><br \/><strong>Performance Comparison<\/strong>: These indices are used by investors to evaluate the performance of their investments. A mutual fund that underperforms its benchmark, for instance, might not be the greatest option. Market sentiment indicators help investors make decisions by providing a sense of how a market or industry is doing generally.<br \/><strong>Fund Management Tool:<\/strong> Benchmarks are frequently used by asset managers to create portfolios that seek to match or surpass the index.<br \/><strong>Investment education:<\/strong> They assist investors in making well-informed selections by offering insights into market trends.<\/p><h2><strong>How Mutual Funds Use Benchmark Indices<\/strong><\/h2><p>Mutual funds rely on benchmark indices as a fundamental tool to measure and evaluate their performance. These benchmarks act as a reference point against which fund managers and investors can determine the efficiency and success of their investments. By comparing a fund&#8217;s returns to the benchmark index, investors gain insight into the effectiveness of the fund\u2019s management strategies and overall market alignment.<\/p><h3><strong>Benchmarking Performance<\/strong><\/h3><p>Benchmarking involves comparing a mutual fund\u2019s returns against its relevant index. For instance, if a fund focuses on large-cap stocks, it may use the Nifty 50 or Sensex as its benchmark. The comparison showcases whether the fund manager has added value beyond what could be achieved by simply following the index.<\/p><h3><strong>Active vs Passive Fund Strategies<\/strong><\/h3><p>Mutual funds can adopt two main approaches:<\/p><ul><li>Active Funds: Actively managed funds aim to outperform the benchmark by using strategies such as stock-picking and timing the market. These funds require skilled management and often come with higher costs.<\/li><li>Passive Funds: Passive funds seek to replicate the benchmark index&#8217;s performance by mirroring its composition. These funds are more cost-effective and offer a simpler investment strategy for investors<strong>.<\/strong><\/li><\/ul><h2><strong>The Influence of Benchmark Indices on Fund Management<\/strong><\/h2><p>Benchmark indices are pivotal in shaping fund management strategies. They guide fund managers in making decisions that align with investment objectives and market expectations while balancing risks and returns.<\/p><h3><strong>Portfolio Allocation Decisions<\/strong><\/h3><p>Benchmark indices help fund managers allocate resources across different sectors, industries, and geographies. For example:<\/p><ul><li>A fund tracking a broad-market benchmark like the Nifty 50 may include stocks from diverse sectors such as IT, healthcare, and financial services.<\/li><li>Sector-specific benchmarks, such as the Bank Nifty, influence funds to concentrate investments within that sector.<\/li><\/ul><p>The portfolio allocation is designed either to match the benchmark (in passive funds) or to strategically outperform it (in active funds). Managers analyze the benchmark\u2019s composition to ensure the fund\u2019s investments align with market trends while aiming for competitive performance.<\/p><h3><strong>Risk and Return Implications<\/strong><\/h3><p>Benchmark indices play a crucial role in determining the risk-return profile of mutual funds. The choice of benchmark often reflects the fund\u2019s investment strategy and risk tolerance:<\/p><ul><li><strong>High-risk benchmarks:<\/strong> Funds linked to volatile benchmarks like small-cap indices may pursue higher returns but expose investors to greater risk.<\/li><li><strong>Low-risk benchmarks:<\/strong> Funds tied to stable benchmarks, like those focusing on large-cap stocks, often aim for steady growth and minimized risk.<\/li><\/ul><p>This section can delve into how fund managers balance these elements to achieve desired outcomes, making benchmarks integral to strategic decision-making.<\/p><h3><strong>Benchmark Changes and Their Effects on Mutual Funds<\/strong><\/h3><p>Benchmark changes occur when mutual funds need to better align their strategies with market trends, investment goals, or regulatory requirements.<\/p><h3><strong>When and Why Benchmarks Are Replaced<\/strong><\/h3><p>Benchmarks may be replaced for several reasons:<\/p><ol><li><strong>Change in investment focus<\/strong>: If a fund shifts its focus, such as from mid-cap stocks to large-cap stocks, it might adopt a new benchmark to better reflect its strategy.<\/li><li><strong>Regulatory updates<\/strong>: Changes in regulations may require funds to align with more suitable or compliant benchmarks.<\/li><li><strong>Market evolution<\/strong>: A benchmark may be replaced to adapt to broader market developments or capture emerging opportunities.<\/li><\/ol><p>Fund managers carefully consider the timing and impact of such changes, ensuring they align with the fund\u2019s objectives and investor expectations.<\/p><h2><strong>Short-Term vs Long-Term Impacts<\/strong><\/h2><p>Benchmark changes have distinct effects over different timeframes:<\/p><ul><li><strong>Short-Term Impacts<\/strong>: Managers may adjust the fund\u2019s portfolio composition, creating temporary fluctuations in returns or volatility. Investors may notice shifts in asset allocation or sector weighting.<\/li><li><strong>Long-Term Impacts<\/strong>: Over time, benchmark changes can influence a fund\u2019s overall performance trends, investment strategies, and appeal to investors.<\/li><\/ul><p>This section can explore how these impacts are managed to ensure stability and growth.<\/p><h2><strong>Evaluating Mutual Fund Performance Against Benchmarks<\/strong><\/h2><p>Analyzing mutual fund performance relative to benchmarks provides valuable insights into the fund\u2019s efficiency and manager expertise.<\/p><p><strong>Tracking Error and Alpha<\/strong><\/p><p>Two critical metrics help evaluate fund performance:<\/p><ol><li><strong>Tracking Error<\/strong>: This measures how closely a mutual fund&#8217;s returns track the returns of its benchmark index. A lower tracking error indicates that the fund closely follows its benchmark, while a higher tracking error suggests deviations in performance.<\/li><li><strong>Alpha<\/strong>: Alpha represents the additional returns a fund generates above its benchmark. A positive alpha reflects a fund manager&#8217;s skill in outperforming the market, while a negative alpha may indicate inefficiencies or market challenges.<\/li><\/ol><p>By analyzing these metrics, investors can assess whether a fund meets their performance expectations.<\/p><h2><strong>Interpreting Outperformance and Underperformance<\/strong><\/h2><p>Outperformance and underperformance against benchmarks are key indicators of a fund\u2019s success:<\/p><ul><li><strong>Outperformance<\/strong>: Indicates that the fund manager\u2019s strategy, such as stock selection or timing, added value beyond the benchmark.<\/li><li><strong>Underperformance<\/strong>: Suggests the fund fell short of market trends, possibly due to poor decisions or adverse conditions.<\/li><\/ul><p>This section can discuss how investors interpret these results to make informed decisions about their investments.<\/p><h2><strong>Conclusion: Why Investors Should Understand Benchmarks<\/strong><\/h2><p>Benchmark indices are vital tools for evaluating mutual funds and making thoughtful investment decisions.<\/p><p><strong>Making Informed Investment Decisions<\/strong><\/p><p>Understanding benchmarks enables investors to assess whether a fund aligns with their financial goals, risk tolerance, and return expectations. Benchmarks provide transparency, allowing investors to compare performance across different funds and strategies.<\/p><p><strong>Questions to Ask When Choosing Funds<\/strong><\/p><p>To select the right mutual fund, investors should ask:<\/p><ul><li>Does the fund consistently outperform its benchmark over time?<\/li><li>Is the benchmark reflective of the fund\u2019s objectives and investment style?<\/li><li>How closely does the fund align with its benchmark?<\/li><\/ul><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-127f00f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"127f00f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-af811fa\" data-id=\"af811fa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fe3f0ba elementor-widget elementor-widget-heading\" data-id=\"fe3f0ba\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions (FAQs)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-769db41 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"769db41\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-55fcb1b\" data-id=\"55fcb1b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b1a78a9 elementor-widget elementor-widget-accordion\" data-id=\"b1a78a9\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1861\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1861\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\"> What is a benchmark in simple terms?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1861\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1861\"><p>A benchmark is a standard or point of reference against which the performance of a financial asset, fund, or investment strategy is measured. For example, the Nifty 50 or S&amp;P 500 is often used as a benchmark for equity funds.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1862\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1862\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Why are benchmarks important in investing?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1862\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1862\"><p class=\"\" data-start=\"512\" data-end=\"790\">Benchmarks help investors evaluate how well their investments are performing compared to the overall market or similar assets. They provide a clear reference to assess whether a fund manager is adding value or underperforming.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1863\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1863\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What are some common types of financial benchmarks?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1863\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1863\"><p class=\"\" data-start=\"797\" data-end=\"886\">Common benchmarks include:<\/p><ul data-start=\"887\" data-end=\"1080\"><li class=\"\" data-start=\"887\" data-end=\"946\"><p class=\"\" data-start=\"889\" data-end=\"946\"><strong data-start=\"889\" data-end=\"913\">Stock market indices<\/strong> like Nifty 50, Sensex<\/p><\/li><li data-start=\"887\" data-end=\"946\"><strong data-start=\"1021\" data-end=\"1048\">Sector-specific indices<\/strong> like Nifty Bank<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1864\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1864\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How do fund managers use benchmarks?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1864\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1864\"><p>Fund managers use benchmarks to align their investment strategies and track their fund\u2019s performance. If a mutual fund consistently outperforms its benchmark, it&#8217;s generally considered well-managed.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1865\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1865\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Can benchmarks be used for personal finance goals?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1865\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1865\"><p>Yes, benchmarks can help individuals track progress toward financial goals. For example, you might compare your portfolio&#8217;s return to a benchmark index to see if you&#8217;re on track with your long-term investment objectives<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>What Are Benchmark Indices and Why Do They Matter? Benchmark indices are essential tools in the world of finance. In essence, they serve as a benchmark or standard by which the performance of investments, such as stocks or mutual funds, is evaluated. Investors can use benchmark indices to determine how well a particular investment or &#8230; <a title=\"What is a Benchmark? Meaning and Importance\" class=\"read-more\" href=\"https:\/\/www.5paisa.com\/finschool\/what-is-a-benchmark\/\" aria-label=\"Read more about What is a Benchmark? Meaning and Importance\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":70280,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,76],"tags":[],"class_list":["post-70273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs","category-everything-you-should-know-about-mutual-funds"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/posts\/70273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/comments?post=70273"}],"version-history":[{"count":10,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/posts\/70273\/revisions"}],"predecessor-version":[{"id":70491,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/posts\/70273\/revisions\/70491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/media\/70280"}],"wp:attachment":[{"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/media?parent=70273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/categories?post=70273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/tags?post=70273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}