Morningstar is back with the fifth edition of the Morningstar Fund Awards, a program that recognizes excellence in the Indian fund industry.
The Morningstar Fund Awards, hosted in 25 countries on a globally-consistent, critically-acclaimed methodology, are a coveted honor given to funds and fund houses groups that have added most value within the context of a relevant peer group for investors over the past year and over the longer term.
The awards are annual, thus the methodology emphasizes on one-year performance, but the funds should also have delivered a strong five-year return after adjusting for risk, to obtain an award. We also have a qualitative overlay built in so that qualifying funds and fund houses that we believe would be unlikely to perform similarly in the future for some reason are not considered. Please click here to read the detailed methodology (PDF).
At the event, we give out two types of awards, namely, Morningstar Category Awards and Morningstar Fund House Awards:
- Morningstar Category Awards are given to the funds with the best risk-adjusted performance within their Morningstar Categories or groupings of Morningstar Categories, subject to qualitative review.
- Morningstar Fund House Awards are given to the fund groups with the strongest performing fund line-ups on a risk adjusted basis. Fund performance is evaluated within the Morningstar Categories.
This year, we will be giving out seven category awards: large-cap and small/mid-cap in equity; moderate and conservative allocation in hybrid; and ultrashort, short-term and intermediate bond in the debt category. Three Fund House prizes will be handed: Morningstar Best Equity Fund House, Morningstar Best Debt Fund House and Morningstar Best Multi-Asset Fund House.
The ceremony, to be hosted in Mumbai, will be held on March 20.
