Crisil-AMFI launch mutual fund performance indices

These co-branded indices represent the performance of various mutual funds

June 26, 2013 3:59 IST | India Infoline News Service
CRISIL and the Association of Mutual Funds in India (AMFI) today jointly launched a group of mutual fund performance indices across five categories—equity funds, equity-linked savings schemes (ELSS), 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.

By increasing awareness about the performance of mutual funds, the indices will help in bringing greater transparency and boost investor confidence.

Based on time series data since 1997, the indices have been developed and will be maintained by CRISIL. They cover five broad mutual fund categories, and are named CRISIL-AMFI Equity Fund Performance Index, CRISIL-AMFI ELSS Fund Performance Index, CRISIL-AMFI Debt Fund Performance Index, CRISIL-AMFI Money Market Fund Performance Index and CRISIL-AMFI Hybrid Fund Performance Index. These indices also have various sub-categories.

The indices will be updated on a quarterly basis and will be available on www.crisil.com and www.amfiindia.com.

Roopa Kudva, Managing Director and Chief Executive Officer, CRISIL, said, “CRISIL-AMFI MF performance 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.”
Some key observations that have emerged from the performance analysis of these indices:

The CRISIL-AMFI Equity Fund Performance Index has given an annualised return of 22% since April 1, 1997, as compared to annualised returns of 12% and 13% by the benchmarks CNX NIFTY and CNX 500, respectively during the same period.
The CRISIL-AMFI Equity Fund Performance Index has never given a negative return for any five-year period on a daily rolling basis since April 1, 1997.
The CRISIL-AMFI Money Market Fund Performance Index has consistently outperformed the savings bank rate in the range of 110 to 550 basis points.
The CRISIL-AMFI Debt Fund Performance Index outperformed fixed deposits (FD) by a significant margin during declining interest rate cycles.

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