Crisil-Amfi launch MF performance indices

Rating agency Crisil and Association of Mutual Funds (Amfi) on Wednesday launched a group of mutual fund performance indices across five categories - equity funds, equity-linked savings schemes, debt funds, money market funds and hybrid funds.

"These co-branded indices represent the performance of various mutual fund categories and enable comparison of these categories with appropriate benchmarks across time frames and market cycles," Crisil said in a statement.

It also said these indices will help in bringing greater transparency and boost investor confidence.

As per Crisil, the indices will be based on time series data since 1997 and maintained by it.

"These indices will add considerable value to the retail investors and boost their confidence in mutual funds. Retail investors can use these indices as a standard performance metrics to understand the benefits of investing through mutual funds," Crisil Managing Director and Chief Executive Officer Roopa Kudva said.