CRISIL Indices. Summary of indices relevant for mutual fund categories specified by SEBI

Transcription

1 CRISIL Indices Summary of indices relevant for mutual fund categories specified by SEBI

2 Indices offered based on SEBI MF Categorization CRISIL Research has launched eleven new debt indices and also announced a change in nomenclature of an existing index in line with the new norms issued by the Securities and Exchange Board of India (SEBI) for classification of mutual funds (MFs). Apart from these, CRISIL Research would also be shortly launching CRISIL Banking and PSU Debt Indices mapped to the banking and PSU fund category, as well as notch level AA rated Credit Indices. With this, CRISIL Research offers a composite index for each duration and credit bucket in the debt sub-categories prescribed by SEBI. All the indices in duration categories have a long-term average duration closer to the median of the range mandated by SEBI. Besides, the asset allocation of the sub-indices factors in the issuance and mutual fund holdings pattern, and most of the indices have a long history, dating back to Hybrid Indices have been launched earlier so that the entire hybrid portfolio is compliant with the SEBI-mandated categories and guidelines for benchmarking of schemes with a total return index. The debt component in the existing hybrid Indices were already been represented by total return indices. The table below substantiates the details of indices in the debt sub-categories - SEBI Category Sub Overnight Fund Liquid Fund Ultra Short Term Fund Money Market Fund CRISIL CBLO CRISIL Liquid Fund CRISIL Ultra Short Term Debt CRISIL Money Market - 1 Day 17-Sep-03 CRISIL CBLO CRISIL 2 Month CP CRISIL 3 Month CP CRISIL 2 Month CD CRISIL 3 Month CD CRISIL Composite CD CRISIL Composite CP CRISIL Composite T-Bill CRISIL Composite CD CRISIL Composite CP CRISIL Composite T-Bill Mar Mar Mar-02 2

3 SEBI Category Sub Low Fund CRISIL Low Debt (Renamed from existing CRISIL Ultra Short Term Debt ) CRISIL 6 Month CP CRISIL 6 Month CD CRISIL 1 Year CD Mar-02 CRISIL 1 Year CP Short Fund Medium Fund CRISIL Short Term Bond Fund CRISIL Medium Term Debt CRISIL Gilt CRISIL Composite CD CRISIL Composite CP CRISIL Short Term Gilt Mar Oct-04 Medium to Long Fund CRISIL Medium To Long Term Debt CRISIL Medium Term Gilt Oct-04 CRISIL Long Term Gilt Long Fund CRISIL Long Term Debt Oct-04 3

4 SEBI Category Sub Dynamic Bond CRISIL Composite Bond Fund CRISIL Gilt Mar-02 CRISIL Short Term Corporate Bond # CRISIL Medium Term Corporate # CRISIL Long Term Corporate Bond # Mar Mar Mar-02 Corporate Bond Fund CRISIL Corporate Bond Composite # Mar-02 4

5 SEBI Category Sub Credit Risk Fund CRISIL Credit Risk $ *As on 01 Feb 2018 # 80% of the weights in AA+ and above rated bonds $ 65% of the weights in AA and lower rated bonds CRISIL A Long Term Bond CRISIL A Short Term Bond Mar-02 The table below substantiates the details of indices in the hybrid sub-categories - SEBI Category Debt Equity * Debt Allocation Equity Allocation Inception Date Aggressive Hybrid Fund Balanced Hybrid Fund Conservative Hybrid Fund CRISIL Hybrid Aggressive CRISIL Hybrid Moderate CRISIL Hybrid Conservative CRISIL Composite Bond Fund CRISIL Composite Bond Fund CRISIL Composite Bond Fund S&P BSE 200 (TRI) S&P BSE 200 (TRI) S&P BSE 200 (TRI) 25% 75% 31-Mar-02 50% 50% 31-Mar-02 75% 25% 31-Mar-02 * The TRI series for S&P BSE 200 is available since 01 Aug 2006, prior to that PRI will be used 5

6 Contact Details Bhushan Kedar Associate Director, Funds and Fixed Income Research Tel no ID: Vishal Ahuja Director, Business Development Tel no ID: About CRISIL Limited CRISIL is an agile and innovative, global analytics company driven by its mission of making markets function better. We are India s foremost provider of ratings, data, research, analytics and solutions. A strong track record of growth, culture of innovation and global footprint sets us apart. We have delivered independent opinions, actionable insights, and efficient solutions to over 100,000 customers. We are majority owned by S&P Global Inc., a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. About CRISIL Research CRISIL Research is India's largest independent integrated research house. We provide insights, opinion and analysis on the Indian economy, industry, capital markets and companies. 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