India's best mutual fund managers

Here is a list of the best asset managers in the fund industry taking their 5-year risk adjusted performance into account.
By Morningstar Analysts |  30-08-17 | 
 

ET Wealth teamed up with Morningstar India to bring you its comprehensive annual study of the best equity fund managers based on their 5-year performance.

  • The study was restricted to open ended, actively managed, diversified equity funds.
  • Only funds with a corpus of at least Rs 200 crore were considered.
  • The performance period was July 1, 2012 to June 30, 2017.
  • For a fund to qualify, the fund manager needed a minimum 2-year track record with that fund as a lead manager. While identifying the lead fund manager of each scheme, only the primary fund manager mentioned in the scheme's fact sheet was considered.
  • The study was restricted to fund managers cumulatively managing an AUM of at least Rs 500 crore, across all qualifying funds.
  • After short-listing the fund managers, the aggregate returns generated by each fund manager were calculated over the 5-year period for all the funds managed by him which satisfied the qualifying criteria. The returns were then adjusted for risk.

 You can read how we arrived at the risk-adjusted score here.

Neelesh Surana

  • AMC: Mirae Asset Global Investments
  • 5-year asset weighted return: 26%
  • Average 5-year AUM: Rs 2,282 cr
  • Funds: Mirae Asset Emerging Bluechip, Mirae Asset India Opportunities, Mirae Asset Tax Saver
R Janakiraman
  • AMC: Franklin Templeton Mutual Fund
  • 5-year asset weighted return: 25.98%
  • Average 5-year AUM: Rs 7,333 cr
  • Funds: Franklin India Opportunities, Franklin India Prima, Franklin India Smaller Companies
Sohini Andani
  • AMC: SBI Mutual Fund
  • 5-year asset weighted return: 22.61%
  • Average 5-YEAR AUM: Rs 4,824 cr
  • Funds: SBI Banking and Financial Services, SBI Bluechip, SBI Magnum Midcap

Chirag Setalvad

  • AMC: HDFC Mutual Fund
  • 5-year asset weighted return: 24.69%
  • Average 5-year AUM: Rs 10,420 cr
  • Funds: HDFC LT Advantage, HDFC Mid-Cap Opportunities, HDFC Small Cap
Vinit Sambre
  • AMC: DSP BlackRock Mutual Fund
  • 5-year asset weighted return: 28.51%
  • Average 5-year AUM: Rs 3,655 cr
  • Funds: DSP BlackRock Micro Cap, DSP BlackRock Small and Midcap

Roshi Jain

  • AMC: Franklin Templeton Mutual Fund
  • 5-year asset weighted return: 24.66%
  • Average 5-year AUM: Rs 2,464 cr
  • Funds: Franklin India High Growth Companies

Ajay Garg

  • AMC: Aditya Birla Sun Life Mutual Fund
  • 5-year asset weighted return: 22.03%
  • Average 5-year AUM: Rs 2,155 cr
  • Funds: Aditya BSL MNC, Aditya BSL Tax, Aditya BSL Tax Relief 96, Aditya BSL Tax Saving

Krishnakumar

  • AMC: Sundaram Mutual Fund
  • 5-year asset weighted return: 25.57%
  • Average 5-year AUM: Rs 5,075 cr
  • Funds: Sundaram Diversified Equity, Sundaram Infrastructure Advantage, Sundaram Rural India, Sundaram Select Mid Cap, Sundaram SMILE
Pankaj Tibrewal  
  • AMC: Kotak Mutual Fund
  • 5-year asset weighted return: 24.89%
  • Average 5-year AUM: Rs 910 cr
  • Funds: Kotak Emerging Equity, Kotak Midcap

Mrinal Singh

  • AMC: ICICI Prudential Mutual Fund
  • 5-year asset weighted return: 22.38%
  • Average 5-year AUM: Rs 8,877 cr
  • Funds: ICICI Prudential Dividend Yield Equity, ICICI Prudential Midcap, ICICI Prudential Select Large Cap, ICICI Prudential Value Discovery

 You can read the fund managers’ views here.

Add a Comment
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Gaurav Gupta
Sep 5 2017 07:58 PM
Dear Ms. Larissa,

Your listing of India’s best fund managers is flawed. It is obvious that nearly all your chosen managers are managing mid cap and small cap funds. For last many years, mid cap and small cap funds are best performers. But that doesn't make the managers India’s best.

Success because of rally in market segment is not a test of stock picking.

How come your fund research team does not understand the basic difference between best performing fund and best manager?

Cheers,
Gaurav
SOUMEN DEY
Aug 31 2017 11:31 PM
In the world of computers, there is a popular expression: GARBAGE IN, GARBAGE OUT.
Your methodology resulted in top guns like Sankaran Naren, Prashant Jain, Mahesh Patil and Anand Radhakrishnan being excluded.
But Pankaj Tibrewal, Ajay Garg and Krishnakumar were included.
What does this say about your methodology and the intellect of its creators?
Larissa Fernand
Aug 31 2017 03:34 PM
Dear Aravind, This exercise has been conducted by ET Wealth and Morningstar India's fund research team. I shall forward your comments to them. Should you click on the links mentioned in the post, you will see the methodology in detail.
Aravind Sankeerth
Aug 31 2017 03:27 PM
I am not taking away from the rest anything, but they are not pure stock pickers, as most of the others in your list are into Asset allocation and balancing the risk also. I have no issues with that way of doing things as long as results are coming, which they are in the case of Mirae Asset and Franklin too!
Aravind Sankeerth
Aug 31 2017 03:25 PM
Larissa, how could you miss the Wizards Prashant Jain and Sunil Singhania. I think no one is better than them even now. I have another favourite R. Srinivasan from SBI, he did a great job which satisfies your criteria in Small and Mid Cap of Daiwa.
Vinit Sambre and Krishna Kumar are the new Wizards of Small Caps
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