Morningstar Fund Awards aim to recognise those funds and fund groups that have added the most value within the context of a relevant peer group for investors over the past year and over the longer-term.
Read the methodology for Fund Awards here.
Winners of Morningstar Category Awards 2020:
Best Large Cap Fund
- Winner: Axis Bluechip Fund
- Nominees: BNP Paribas Large Cap Fund/ Mirae Asset Large Cap Fund
Best Mid-Cap Fund
- Winner: Axis Midcap Fund
- Nominees: Kotak Emerging Equity Fund/ DSP Midcap Fund
Shreyash Devalkar, fund manager of Axis Bluechip and Axis Mid Cap shares his perspective:
"In the last three to four years, market has rewarded quality and growth as an investment style. We had adopted both these styles across all our funds. This has been the main contributor to performance. Since only a few sectors delivered in the last four years, we built a concentrated portfolio in line with this trend. Incrementally, the fresh inflows go to companies which are doing well. They can be existing or new stocks. We would be more than happy to increase the number of stocks in the portfolio if broad base recovery emerges."
Best Short Duration Fund
- Winner: HDFC Short Term Debt Fund
- Nominees: Axis Short Term Fund/Kotak Bond Short Term Fund
Best Medium to Long Duration Fund
- Winner: SBI Magnum Income Fund
- Nominees: ICICI Prudential Bond Fund/Canara Robeco Income Fund
Dinesh Ahuja, fund manager of SBI Magnum Income Fund, shares his perspective:
"I take this opportunity to thank Morningstar for selecting SBI Magnum Income Fund as the best in its category. The performance is a reflection of the team work and the internal processes. These internal processes and guidelines have helped in our fundamental duration calls and to smoothly navigate the turbulent times witnessed during the last year in the credit market. We are now facing a problem of a completely different kind and magnitude which could bring in new challenges for the fixed income markets but we are confident of steering through these difficult times and generate superior risk-adjusted returns for our investors."
Winners of Morningstar Fund House Awards 2020
Best Fund House: Debt
- Winner: SBI Funds Management Pvt Ltd
- Nominees: Kotak Mahindra Asset Management Co Ltd/ ICICI Prudential Asset Management Co Ltd
Best Fund House: Equity
- Winner: SBI Funds Management Pvt Ltd
- Nominees: DSP Investment Managers Pvt Ltd/Kotak Mahindra Asset Management Co Ltd
Best Fund House: Overall
- Winner: SBI Funds Management Pvt Ltd
- Nominees: Kotak Mahindra Asset Management Co Ltd/ ICICI Prudential Asset Management Co Ltd
Congratulations to all winners and nominees.