PhonePe Wealth launches advanced mutual fund selection tool CRISP

PhonePe Wealth today announced the launch of CRISP, a unique tool designed to help investors make more informed mutual fund investment decisions. The tool comes at a time when unique mutual fund investors in India have grown from 20 million as on December 31, 2019 to 53 million as on December 31, 2024 (Source: AMFI), but choosing the right funds still remains a significant challenge for most investors.

The CRISP (Consistency, Risk and Investment Style of the Portfolio) tool addresses this critical challenge by offering a holistic solution for investors to select appropriate funds beyond just looking at past returns.