PhonePe Wealth launches CRISP, online tool to select mutual funds

PhonePe Wealth has launched CRISP, a digital tool that will help investors make “well-informed decisions” in selecting mutual funds, it said on Wednesday.

Mutual fund investments continue to rise, with the number of unique investors growing from 20 million in December 2019 to 53 million in December 2024, according to data from the Association of Mutual Funds in India (AMFI). Despite the surge, selecting the right funds remains a challenge for many investors.