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. The awards methodology emphasises the one-year period, but funds must also have delivered strong three- and five-year returns after adjusting for risk within the awards peer groups in order to obtain an award. Read the methodology here.
Here are the winners of the Morningstar Fund Awards 2022.
CATEGORY AWARDS
Best Large-Cap Equity Fund
Winner
UTI Mastershare Unit
- Inception: October 1986
- Star Rating: 4 stars
- Analyst Rating: Bronze
- Investment Style: Large Growth
- Fund Manager: Swati Kulkarni
- Equity Holdings: 51
- Assets in Top 10 Holdings: 49%
- Return: 29.57% (2017), -0.39% (2018), 10.69% (2019), 18.67% (2020), 29.56% (2021)
First Runner-Up
Canara Robeco Bluechip Equity
- Inception: August 2010
- Star Rating: 5 stars
- Analyst Rating: NA
- Investment Style: Large Growth
- Fund Manager: Shridatta Bhandwaldar
- Equity Holdings: 49
- Assets in Top 10 Holdings: 57%
- Return: 31.37% (2017), 3.39% (2018), 15.68% (2019), 23.06% (2020), 24.54% (2021)
Second Runner-Up
Kotak Bluechip Growth
- Inception: December 1998
- Star Rating: 4 stars
- Analyst Rating: Neutral
- Investment Style: Large Growth
- Fund Manager: Harish Krishnan
- Equity Holdings: 57
- Assets in Top 10 Holdings: 46%
- Return: 29.18% (2017), -2.11% (2018), 14.20% (2019), 16.37% (2020), 27.74% (2021)
Best Mid-Cap Equity Fund
Winner
PGIM India Midcap Opportunities Fund
- Inception: December 2013
- Star Rating: 4 Stars
- Analyst Rating: NA
- Investment Style: Large Growth
- Fund Manager: Aniruddha Naha, Vivek Sharma, Kunal Jain
- Equity Holdings: 50
- Assets in Top 10 Holdings: 33%
- Return: 36.96% (2017), -16.10-% (2018), 3.57% (2019), 48.39% (2020), 63.78% (2021)
First Runner-Up
Axis Midcap Fund
- Inception: February 2011
- Star Rating: 5 Stars
- Analyst Rating: NA
- Investment Style: Large Growth
- Fund Manager: Shreyash Devalkar & Hitesh Das
- Equity Holdings: 66
- Assets in Top 10 Holdings: 33%
- Return: 41.99% (2017), 3.51% (2018), 11.33% (2019), 26.01% (2020), 39.93% (2021)
Second Runner-Up
Invesco India Mid Cap Fund
- Inception: April 2007
- Star Rating: 4 Stars
- Analyst Rating: NA
- Investment Style: Large Growth
- Fund Manager: Pranav Gokhale, Neelesh Dhamnaskar
- Equity Holdings: 51
- Assets in Top 10 Holdings: 30%
- Return: 44.32% (2017), -5.27% (2018), 3.80% (2019), 24.38% (2020), 43.14% (2021)
Best Medium to Long Duration Fund
Winner
SBI Magnum Income Fund
- Inception: November 1998
- Star Rating: 5 Stars
- Analyst Rating: NA
- Fund Manager: Dinesh Ahuja
- Bond Holdings: 28
- Assets in Top 10 Holdings: 47%
- Return: 5.71% (2017), 4.74% (2018), 11.72% (2019), 11.63% (2020), 3.59% (2021)
First Runner-Up
ICICI Prudential Bond Fund
- Inception: August 2008
- Star Rating: 5 Stars
- Analyst Rating: NA
- Fund Manager: Manish Banthia & Chandni Gupta
- Bond Holdings: 47
- Assets in Top 10 Holdings: 71%
- Return: 5.29% (2017), 4.58% (2018), 10.89% (2019), 11.50% (2020), 2.86% (2021)
Second Runner-Up
Canara Robeco Income Fund
- Inception: September 2002
- Star Rating: 4 Stars
- Analyst Rating:
- Fund Manager: Avnish Jain
- Bond Holdings: 22
- Assets in Top 10 Holdings: 55%
- Return: 3.49% (2017), 5.19% (2018), 10.33% (2019), 10.09% (2020), 1.87% (2021)
Best Short Duration Fund
Winner
ICICI Prudential Short Term
- Inception: October 2001
- Star Rating: 5 Stars
- Analyst Rating: Neutral
- Fund Manager: Manish Banthia & Nikhil Kabra
- Bond Holdings: 142
- Assets in Top 10 Holdings: 36%
- Return: 5.90% (2017), 5.82% (2018), 9.67% (2019), 10.65% (2020), 3.88% (2021)
First Runner-Up
Axis Short Term Fund
- Inception: January 2010
- Star Rating: 5 Stars
- Analyst Rating: NA
- Fund Manager: Devang Shah
- Bond Holdings: 209
- Assets in Top 10 Holdings: 20%
- Return: 5.93% (2017), 6.35% (2018), 9.77% (2019), 10.14% (2020),3.48 % (2021)
Second Runner-Up
HDFC Short Term Debt
- Inception: June 2010
- Star Rating: 5 Stars
- Analyst Rating: Silver
- Fund Manager: Anil Bamboli & Sankalp Baid
- Bond Holdings: 142
- Assets in Top 10 Holdings: 20%
- Return: 6.52% (2017), 7.01% (2018), 9.71% (2019), 10.96% (2020), 3.86% (2021)
BEST FUND HOUSE
Best Fund House Debt: Axis Asset Management Company Ltd
Runners-Up
- Kotak Mahindra Asset Management Co Ltd
- ICICI Prudential Asset Management Company Ltd
Best Fund House Equity: Axis Asset Management Company Ltd
Runners-Up
- Invesco Asset Management (India) Pvt Ltd
- SBI Funds Management Private Ltd
Best Fund House Multi-Asset/Overall: Axis Asset Management Company Ltd
Runners-Up
- SBI Funds Management Private Ltd
- Kotak Mahindra Asset Management Co Ltd
Congratulations to all the winners and nominees!
All portfolio details are as on February 2022.
Look at the past winners here.