Capital Protection Rating

Capital Protection Rating (CPR) indicates the degree of certainty regarding timely payment of the original investment as per terms of the scheme. The protection may be from day one or at maturity depending upon the risk appetite of the fund. The rating captures the relative degree of certainty of capital protection; it does not comment on the relative performance of these schemes in terms of returns offered to investors. Therefore, it is not advisable to create any analogy between capital protection rating and expected performance. A fund with a higher CPR may demonstrate average performance and vice