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Mutual fund scorecard for investors

business Updated: Apr 30, 2010 00:31 IST
HT Correspondent
HT Correspondent
Hindustan Times
Highlight Story

A scorecard to help mutual fund investment decisions and track fund performances was launched jointly by Standard & Poor’s (S&P) and Crisil on Thursday.

The periodically updated ‘Indices Versus Active Funds’ (SPIVA) measures scores based on factors such as out-performance, benchmarking, survivability of funds and asset weight.

The methodology gives a picture of how actively managed funds are performing against the market benchmark, helping investors take more informed investment decisions. The scorecard published every six months has analysis periods of 1, 3 and 5 years as on December 31, 2009.

“One out of four equity funds closes down over 5 years due to poor performance. So we decided to track them so that investors get right direction on it. SPIVA is a purely quantitative analysis that helps investors to look at different funds and their performance over a larger analysis period,” said Tarun Bhatia, director, Capital Markets, CRISIL Research. Investors can log into Crisil and S&P websites to access SPIVA.