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Formerly known as Market Intelligence & Analytics

Fund Management Grading

Crisil Fund Management Grading provide investors with a powerful tool concerning investment processes and management practices of a scheme. It is a scheme level grading to assess the quality of investment processes and management practices in relation to the scheme's objectives. The emphasis is on the quality of the investment management team, investment strategies, and processes to determine the scheme’s ability to fulfil investment objectives consistently.

 

Methodology, Scales & Criteria

 

 

Crisil’s assessment of the scheme being graded covers two broad parameters:

1. Fund Management Assessment

Crisil’s Fund Management Grading looks at the following qualitative parameters:

  • Organisation structure
  • Investment team
  • Investment decision-making process and discipline
  • Client communication, transparency and disclosure

2. Performance Assessment

Crisil will assess the scheme’s past performance (if any) over a sufficiently long time horizon as well as the performance of the other existing and past schemes managed by the investment team to assess their performance track record vis-à-vis the performance of the benchmarks and peer schemes.

For link to the methodology, please click here

Grading scales for our Fund Grading instruments are as following:

Grading

 Description
Crisil Fund Management
Grading - 1
 Funds graded Crisil Fund Management Grading-1 are judged to follow very strong standards in investment processes and management practices
Crisil Fund Management
Grading - 2
 Funds graded Crisil Fund Management Grading-2 are judged to follow strong standards in in investment processes and management practices
Crisil Fund Management
Grading - 3
 Funds graded Crisil Fund Management Grading-3 are judged to follow adequate standards in investment processes and management practices
Crisil Fund Management
Grading - 4
 Funds graded Crisil Fund Management Grading-4 are judged to follow below average standards in investment processes and management practices
Crisil Fund Management
Grading - 5
 Funds graded Crisil Fund Management Grading-5 are judged to follow weak standards in investment processes and management practices

 

Fund Name Investment Manager Grading assigned Assigned on
Ascertis Credit- India Fund IV
 Ascertis Investment Managers Private Limited
 Fund Management Grading-1 April 02, 2026
July Ventures Early Growth Fund
 July Ventures LLP
 Fund Management Grading-2 January 27, 2026
TVS Shriram Growth Fund 4
 TVS Capital Funds Private Limited
 Fund Management Grading-1 September 23, 2025
Avendus Structured Credit Fund III
 Avendus PE Investment Advisors Private Ltd
 Fund Management Grading-2 September 10, 2025
L Catterton India Fund
 L Catterton Mumbai Advisory Services Private Limited
 Fund Management Grading-1 April 30, 2025
Somerset Indus Healthcare India Fund III - Scheme I
 Somerset Healthcare Investment Advisors III Private Limited
 Fund Management Grading-1 April 29, 2025
Samara Alternate Investment Fund III India
 Samara Alternate Investment Management LLP
 Grading expired July 31, 2024
Singularity Growth Opportunities Fund II
 Singularity AMC LLP
 Grading expired
 May 08, 2024
Chiratae Ventures Master Fund V
 Chiratae Ventures India V Manager LLP
 Grading expired April 24, 2024
Rental Yield Plus Fund
 Edelweiss Alternative Asset Advisors Limited
 Grading expired
 March 18, 2024
ASK Real Estate Affordable Housing Fund
 ASK Property Investment Advisors Private Limited
 Grading expired
 February 08, 2024
Investcorp Growth Equity Fund
 Investcorp India Asset Managers Pvt Ltd
 Grading expired
 January 31, 2024
Credit – Structured Income Portfolio Fund
 Edelweiss Alternative Asset Advisors Limited
 Grading expired
 January 17, 2024
Infrastructure Yield Plus - II Edelweiss Alternative Asset Advisors Limited Grading expired
 June 24, 2022
India Special Assets Fund - III Edelweiss Alternative Asset Advisors Limited Grading expired
 January 10, 2022
Edelweiss Crossover Opportunities Fund - Series III ESL Securities Limted Grading expired
 May 27, 2021
Edelweiss Credit Plus Fund Edelweiss Alternative Asset Advisors Limited Grading expired
 May 10, 2021
India Realty Excellence Fund V (IREF V) Motilal Oswal Real Estate Investment Advisors II Grading expired
 March 11, 2021

 

 

 

SEBI vide its notification dated May 30, 2018, amended the (Credit Rating Agencies) Regulations 1999, by which certain activities hitherto being carried out by a credit rating agency are no longer allowed to be carried out by the credit rating agency after a period of two years from the date of notification.

Consequent to this, Crisil Ratings has discontinued the following products with effect from May 31, 2020 and these have since been moved to Crisil’s India Research division.

  • Fund Management Capability rating
  • Governance and Value Creation rating

Crisil’s India Research business is India's largest independent integrated research house, providing insights, opinion and analysis on the Indian economy, industry, capital markets and companies.

For any further inputs required on these products, please reach out to Crisil Research at the contact details provided below:

Contact

  • Dinesh Agarwal
    Director
    FS Consulting
    +91 9324 296 928
    dinesh.agarwal@crisil.com

  • Rupal Agarwal
    Associate Director
    FS Consulting
    +91 9702 027 807
    rupal.agarwal@crisil.com

  • Indradeep Sen
    Regional Manager
    FS Consulting
    +91 9879 345 279
    indradeep.sen@crisil.com

 

 

 

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