The Morningstar India Fund Awards recognise funds and fund houses that added the most value for investors within the context of a relevant peer group in the past year and over longer time periods.
Winners for seven fund categories were selected by applying a quantitative methodology, along with a qualitative overlay, which emphasized one-year performance but also considered the three- and five-year performance history of all eligible funds. Morningstar adjusted returns for risk using a proprietary screen that imposes a higher penalty for downside variation in a funds return than upside volatility.
Aditya Agarwal, managing director of Morningstar India, said, The Morningstar Awards are designed to help investors here in India identify the fund managers who added the most value for investors last year, by outperforming their peers and managing risk. Overall fund performance in 2012 was strong and these funds and fund houses stood out among others in the industry.
The winners of the Morningstar India Fund Awards 2013 are:
Fund House Winners:
Best Fund HouseEquity: HDFC Asset Management Company Ltd
Best Fund HouseDebt: Birla Sun Life Asset Management Company Ltd
Best Fund HouseMulti-Asset: HDFC Asset Management Company Ltd
Fund Category Winners:
Best Large-Cap Equity Fund: UTI Equity Fund
Best Small/Mid-Cap Equity Fund: Birla Sun Life MNC Fund
Best Moderate Allocation Fund: HDFC Balanced Fund
Best Conservative Allocation Fund: Reliance Monthly Income Plan
Best Ultrashort Bond Fund: BNP Paribas Money Plus
Best Short-Term Bond Fund: Birla Sun Life Dynamic Bond
Best Intermediate Bond Fund: Templeton India Income Builder Account
Notes to Editors:
The Morningstar fund category awards and fund house awards are based on Morningstar fund data for the period Jan. 1, 2012 to Dec. 31, 2012. For the full methodology, please visit http://corporate.morningstar.com/us/documents/FundAwards/FundAwardMethodologyIndia_ENG.pdf.
About Morningstar, Inc.
Morningstar India is a subsidiary of Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 416,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 9 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately U.S. $149 billion in assets under advisement and management as of Dec. 31, 2012. The company has operations in 27 countries.
2013 Morningstar, Inc. All Rights Reserved.
News source: WebWire
Source:
Morningstar India Announces Winners for Morningstar Fund Awards 2013
See also:
Lions Gate Metals Inc. Enters Into Agreement to Acquire the Whitford Lake Uranium Project, Athabasca Basin, Saskatchewan
Lions Gate Metals Inc. (TSX VENTURE:LGM) ("Lions Gate" or the "Company") is pleased to announce that it has entered into an option agreement (the "Agreement") with an arm's-length vendor, by which the...
Fulton Financial Corporation Declares Quarterly Cash Dividend
Fulton Financial Corporation (NASDAQ: FULT) will pay a quarterly cash dividend of eight cents per share on its common stock on April 15, 2013 to shareholders of record as of April 1, 2013.Fulton...
Platelet Rich Plasma Significantly Improves Clinical Outcomes in Patients with Tennis Elbow
(CHICAGO) Platelet rich plasma (PRP) therapy has been used to manage pain associated with torn tendons, muscles and ligaments, mostly in athletes, at all levels. Though it has anecdotally been...
No comments:
Post a Comment