MUMBAI, 10 March 2016 – Morningstar Investment Adviser India Pvt. Ltd., a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has announced the winning funds and fund houses for its 2016 India Fund Awards.
The annual Morningstar India Fund Awards are designed to help investors identify the retail funds and fund houses that added the most value for investors within the context of their relevant peer group in 2015 and over longer time periods. Morningstar selects the winners using a quantitative methodology with a qualitative overlay that considers the one-, three-, and five-year performance history of all eligible funds, and adjusts returns for risk using Morningstar Risk, a measure that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility.
“All of our winners delivered strong three- and five-year returns after adjusting for risk, in addition to outperformance of their peers during the last 12 months,” Kaustubh Belapurkar, Morningstar’s Director of Manager Research for India, said. “These funds and fund houses have demonstrated that they have the ability to earn strong returns over the long-term without undue risk. We believe that taking a patient, long-term view to investing will ultimately help investors reach their financial goals.”
The winners of the 2016 Morningstar India Fund Awards are:
FUND CATEGORY AWARDS:
- Best Intermediate Bond Fund
- Best Large-Cap Equity Fund
- Best Short-Term Bond Fund
- Best Small/Mid-Cap Equity Fund
- Franklin India Income Builder Account
- SBI Blue Chip Fund
- Birla Sun Life Short Term Fund
- Birla Sun Life MNC Fund
FUND HOUSE AWARDS:
- Best Fund House: Debt
- Best Fund House: Equity
- Best Fund House: Multi-Asset
- UTI Asset Management Company Ltd.
- ICICI Prudential Asset Management Company Ltd.
- Franklin Templeton Asset Management (India) Pvt. Ltd.
Notes to Editors:
The Morningstar fund category and fund house awards are based on Morningstar fund data as of 31 December 2015. 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. For the full methodology, please click here
References to and commentary on the above-mentioned funds should not be considered a solicitation to buy or sell that fund.
About Morningstar Investment Adviser India Pvt. Ltd. and Morningstar, Inc.
Morningstar Investment Adviser India Pvt. Ltd. is a wholly owned subsidiary of Morningstar Investment Management LLC, which is part of the Investment Management group 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 individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on more than 510,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 17 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 investment advisory subsidiaries, with more than US$180 billion in assets under advisement and management as of 31 December 2015. The company has operations in 27 countries.
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Morningstar Investment Adviser India Pvt. Ltd. is registered with the Securities and Exchange Board of India under the SEBI (Investment Advisers) Regulations, 2013, vide Registration number INA000001357, dated March 27, 2014, and in compliance of the aforesaid regulations and Chapter III of the SEBI (Research Analysts) Regulations, 2014, it carries on the business activities of investment advice and research. Morningstar Investment Adviser India Pvt. Ltd. has not been the subject of any disciplinary action by SEBI or any other legal/regulatory body. In India, Morningstar Investment Adviser India Pvt. Ltd. has only one associate, viz., Morningstar India Private Limited, and this company predominantly carries on the business activities of providing data input, data transmission and other data related services, financial data analysis, software development, etc.
The author/creator of the investment research (“Research Analyst”), based on which the Morningstar India Fund Awards have been determined, or his/her associates or immediate family may have (i) a financial interest in the subject mutual fund scheme or (ii) an actual/beneficial ownership of 1 per cent or more securities of the subject mutual fund scheme, at the end of the month immediately preceding the date of publication of these awards. The Research Analyst, his/her associates, or immediate family do not have any other material conflict of interest at the time of publication of these awards. The Research Analyst or his/her associates, or his/her immediate family has/have not received any (i) compensation from the relevant asset manager/subject mutual fund in the past 12 months; (ii) compensation for products or services from the relevant asset manager/subject mutual fund in the past 12 months; and (iii) compensation or other material benefits from the relevant asset manager/subject mutual fund or third party in connection with these awards. Also, the Research Analyst has not served as an officer, director, or employee of the relevant asset manager/trustee company, nor has it or its associates been engaged in market-making activity for the subject mutual fund.
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