What are the categories of funds for which Value Research does not provide a rating?
By definition, the Specialty equity or debt funds are those funds that do not fit neatly into one of the other categories. They are not directly comparable. For example, this category includes a specialty equity fund e.g. an MNC fund or specialty debt fund e.g. fixed maturity plans, which do not form a homogeneous group. Therefore, it would not make sense to compare them to each other and calculate a Star Rating on that basis. Also fund are not rated if they do not disclose their NAV regularly. All other categories are eligible for rating.