Lipper introduces new rating system for mutual funds
Leading mutual fund research firm Lipper on Friday announced the launch of a rating system to help investors and their advisers to select right schemes to meet their investment goals.
By PTI |
MUMBAI: Leading mutual fund research firm Lipper on Friday announced the launch of a rating system to help investors and their advisers to select right schemes to meet their investment goals.
Lipper, a subsidiary of Reuters, provides information on mutual funds, retirement funds, hedge funds, fund fees and expenses to the asset management and media by covering 80,000 funds in 66 domiciles.
"Lipper Leader Rating System helps investors and their advisers to select funds that fit individual investment goal such as consistent return and preservation of capital," Lipper's Head of Research for Asia ex-Japan Kenneth Koh said here.
The rating system is based on a numeric scale arranged in asending order where '1' represents the lowest-scored funds (bottom 20 per cent) and '5' represents the highest-scored funds (top 20 per cent).
"No fund evaluation tool can help investors avoid risk, but Lipper Leaders can help pair them with funds that are suitable to their needs, goals and fears," he said.
Lipper rates mutual funds operating across 27 countries. In India, the Lipper Leader Rating System will judge funds based on three parametres - total return, consistent return and preservation.
Lipper, a subsidiary of Reuters, provides information on mutual funds, retirement funds, hedge funds, fund fees and expenses to the asset management and media by covering 80,000 funds in 66 domiciles.
"Lipper Leader Rating System helps investors and their advisers to select funds that fit individual investment goal such as consistent return and preservation of capital," Lipper's Head of Research for Asia ex-Japan Kenneth Koh said here.
The rating system is based on a numeric scale arranged in asending order where '1' represents the lowest-scored funds (bottom 20 per cent) and '5' represents the highest-scored funds (top 20 per cent).
"No fund evaluation tool can help investors avoid risk, but Lipper Leaders can help pair them with funds that are suitable to their needs, goals and fears," he said.
Lipper rates mutual funds operating across 27 countries. In India, the Lipper Leader Rating System will judge funds based on three parametres - total return, consistent return and preservation.
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