Ch.10 · Benchmarks and Performance Evaluation · easy
What does a star rating for a mutual fund scheme represent?
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EXPLANATION
Mutual fund star ratings (1-5 stars) are assigned by independent rating agencies like Value Research Online and Morningstar India based on risk-adjusted past performance within a scheme's category. Five stars indicate top-quartile risk-adjusted performance. These are backward-looking rankings and are not endorsed by SEBI — past ratings do not predict future performance.
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