Morningstar India announces winners of 2014 Fund Awards

India Infoline News Service | Mumbai |

Morningstar names eight fund category winners and three fund house winners by applying a quantitative methodology

Morningstar India, a subsidiary of independent investment research provider Morningstar, Inc, on Thursday announced the winners of its 2014 India Fund Awards.

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. Morningstar names eight fund category winners and three fund house winners by applying a quantitative methodology, with a qualitative overlay, which emphasizes one-year performance but also considers the three- and five-year performance history of all eligible funds. The company adjusted returns for risk using a proprietary screen that imposes a higher penalty for downside variation in a fund’s return than upside volatility.

Aditya Agarwal, managing director of Morningstar India, said, “The Morningstar Awards are designed to help investors identify the year’s most exceptional funds and fund houses. With these awards, we honor the funds and fund houses that outperformed their peers and added value for investors.”

The winners of the 2014 Morningstar India Fund Awards are:

Fund Category Winners
Best Conservative Allocation Fund: HDFC Multiple Yield Fund - Plan 2005
Best ELSS (Tax Savings) Fund: Religare Invesco Tax Plan
Best Intermediate-Bond Fund: Templeton India Income Builder Account
Best Large-Cap Equity Fund: ICICI Prudential Dynamic Plan
Best Moderate Allocation Fund: HDFC Balanced Fund
Best Short-Term Bond Fund: Templeton India Short-Term Income Plan
Best Small/Mid-Cap Equity Fund: Birla Sun Life MNC Fund
Best Ultrashort Bond Fund: HDFC Floating Rate Income Fund - Long Term Plan

Fund House Winners
Best Fund House—Debt: ICICI Prudential Asset Management Company Limited
Best Fund House—Equity: ICICI Prudential Asset Management Company Limited
Best Fund House—Multi-Asset: ICICI Prudential Asset Management Company Limited
 

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