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India : CRISIL and AMFI have jointly introduces a group of mutual fund performance INDICES.

A group of mutual fund performance indices throughout 5 categories equity funds, ELSS, debt funds, money market funds and hybrid funds have been introduced by the CRISIL and AMFI together.

These co-branded indices, the first of their kind in the country constitute the performance of several mutual fund categories and enable comparison of these categories with appropriate benchmarks all over time frames and market cycles.

The indices will aid in bringing greater transparency and boost investor confidence by increasing awareness about the performance of mutual funds.

As per Ashu Suyash, Chairperson of AMFI Customer Engagement Committee and Chief Executive, L&T Mutual Fund, These indices developed by CRISIL will bring in greater transparency and awareness on the benefits of investing in mutual funds and the role they can play in wealth creation over time. Furthermore, these will provide an appropriate benchmark to the investors and the industry at large.

It will be updated these indices on a quarterly basis and will be available on both AMFI and CRISIL websites.

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Publication:Mena Report
Geographic Code:9INDI
Date:Jun 29, 2013
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