A new beginning

It has been 30 years since we launched our first rating. This was obviously a rating system for mutual funds, the Value Research Star Rating system. In the 360 months since then, we have recalculated and updated the rating. It started with rating 80 public sector mutual fund schemes and has now grown to more than 1,000 mutual fund schemes. During these decades, millions of Indian investors have used our rating system to choose good funds to invest in and avoid bad funds they were tempted by. Just like the stock rating we are launching now, the fund rating always had five grades, from one star to five stars. At that time, the idea of rating things on a one to five-star scale was novel. People were familiar with five-star hotels, and there was five-star chocolate, which was just a brand. As far as I recall, nothing else in India would familiarise people with the idea of star ratings. In sharp contrast, the idea of star rat