Crisil - Credit ratings agencyCrisil is a credit rating agency which rates various companies for their ability to repay back debt. You can read about more about Credit rating agencies here. In addition to this, Crisil also rates mutual funds. Crisil is a well known and reputed company and is a market leader in India (followed by ICRA). Thus the ratings assigned by CRISIL can be taken seriously.
CRISIL CPR ratingsThe ratings assigned to Mutual Funds by Crisil are CPR1, CPR2, ... with CPR1 being the topmost rating - for the Best Mutual Fund, according to predetermined criterion used by Crisil. Crisil uses the following criterion to rate a mutual fund.
- Past Performance of the Mutual Fund as compared to its peers in the past 2 years - (75% weightage)
- Sector concentration of the portfolio of that Mutual Fund
- Industry concentration
To find out the best rated Mutual Funds by CRISIL, click on CRISIL CPR ratings.