ICICI Prudential AMC bags most awards

With four nominations and three awards, the AMC did well at the Morningstar India Fund Awards, 2017.
By Morningstar Analysts |  15-03-17 | 
 

Intermediate Bond

Winner:

ICICI Prudential Long Term Plan: Despite having a relatively short track record of about 7 years, this fund has been posting a consistent top quartile performance over the past few years. This 5-star fund is managed by Manish Banthia.

Nominees:

  1. BNP Paribas Flexi Debt
  2. ICICI Prudential Long Term Plan
  3. UTI Dynamic Bond

Short Term Bond

Winner:

Birla Sun Life Short Term: This is one of the largest funds in the short-term bond category and has done consistently well. This fund has been rated Silver by our analyst.

Nominees:

  1. Birla Sun Life Short Term Opportunities
  2. Birla Sun Life Short Term
  3. ICICI Prudential Banking & PSU Debt

Equity: Large Cap

Winner:

SBI Bluechip: The fund has witnessed a turnaround over the last 5-6 years and has been doing extremely well. The fund manager is Sohini Andani. The fund is rated Bronze by our analyst.

Nominees:

  1. Kotak Select Focus
  2. Mirae Asset India Opportunities
  3. SBI Bluechip

Equity: Mid and Small Cap

Winner:

Mirae Asset Emerging Bluechip: This fund has carved out a niche for itself and has been steadily gaining recognition over the years. It is managed by Neelesh Surana and currently has a 5-star rating.

Nominees:

  1. DSP BlackRock Micro Cap
  2. Franklin India Smaller Companies
  3. Mirae Asset Emerging Bluechip

Best Fund House - Debt

Winner: UTI AMC

Nominees:

  1. Birla Sun Life AMC
  2. SBI AMC
  3. UTI AMC

Best Fund House - Equity

Winner: ICICI Prudential AMC

Nominees:

  1. Birla Sun Life AMC
  2. ICICI Prudential AMC
  3. L&T Finance AMC

Best Fund House - Multi-Asset

Winner: ICICI Prudential AMC

Nominees:

  1. Birla Sun Life AMC
  2. ICICI Prudential AMC
  3. L&T Finance AMC

Winners over the past years: 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016

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Amit Arora
Mar 23 2017 11:38 PM
And the winner is ...

So, Mirae Asset Emerging Bluechip Fund gets the award in  the Small/Mid-cap Equity category.
Just pointing out that the top 10 holdings include 2 Banks with a market cap of about USD 25 Billion and another Bank with a market cap of USD 12.70 Billion and Ordinary that was established in 1907 only 110 years ago ..market cap in excess of USD 7 Billion.

If liquid funds should not be investing in Corporate paper how come Morningstar considers investment in these Companies as Small Cap / Mid-cap strategy.

Just saying ..

Regards,

Amit Arora
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