Credit rating agency, Crisil, and the Association of Mutual Funds in India on Wednesday jointly launched mutual fund performance indices.
These co-branded indices would represent the performance of five mutual fund categories — equity funds, equity-linked savings schemes, debt funds, money market funds and hybrid funds.
In a note, Crisil said the indices would enable a comparison of these categories with appropriate benchmarks across time frames and market cycles.
“Based on time series data since 1997, the indices have been developed and will be maintained by Crisil,” the note further said. The indices also have various sub-categories. The indices will be updated on a quarterly basis and will be available on Crisil and AMFI Web sites.