What are mutual funds ratings and what to dthey signify?

A mutual fund rating is essentially a measure of a fund's historical risk-adjusted performance over different time horizons. These ratings are a way to compare and judge the top performing Mutual Funds in the market at a given point of time thereby helping investors to make informed investment decisions. CRISIL, Morningstar and Value Research are some of the credible rating agencies that give out these Mutual Fund ratings.