In a glittering ceremony Friday, Morningstar hosted the 4th edition of the annual fund awards aimed at rewarding mutual funds and mutual-fund houses that have created value for investors over the past one year and over the long term.
The awards function, which was held in Mumbai, was attended by several luminaries from the fund industry.
Morningstar gives out awards in 25 countries with winners being chosen by an acclaimed, consistent methodology that makes it a coveted event in the financial community globally. (Read more about the methodology here).
In all, we gave out awards over eight categories across equity (Large-cap, Small/Mid-cap/ELSS), allocation (Conservative, Moderate) and debt (Ultrashort Bond, Short-Term Bond and Intermediate Bond) segments.
Separately, awards were handed out for the Best Fund House (Equity), Best Fund House (Debt) and Best Fund House (Multi-Asset).
In key highlights, HDFC Mutual Fund starred by winning the Best Fund House (Equity) and Best Fund House (Multi-Asset). ICICI Prudential AMC won the Best Fund House (Debt) for the 4th time in a row. While UTI MF saw as many as six of its schemes nominated across the various categories, and picked up awards in two.
The winners’ list
Equity
Large-Cap
UTI Opportunities Fund
Small/Mid-Cap
UTI MNC Fund
ELSS (Tax Savings)
Franklin India Taxshield
Allocation
Conservative Allocation
HDFC Multiple Yield Fund - Plan 2005
Moderate Allocation
FT India Dynamic PE Ratio Fund of Funds
Debt
Ultrashort Bond
Canara Robeco Floating Rate
Short-Term Bond
Templeton India Short Term Income Plan
Intermediate Bond
Canara Robeco Income
Best Fund House (Equity)
HDFC Asset Management Company
Best Fund House (Debt)
ICICI Prudential Asset Management Company
Best Fund House (Multi-Asset)
HDFC Asset Management Company