India's best equity fund managers: 2022

Morningstar and ET Wealth collaborate each year to bring out the study of India’s Best Equity Fund Managers. The winners are chosen based on their ability to generate risk-adjusted alpha on a consistent basis.

Best Large Cap Fund Managers:

1. Shridatta Bhandwaldar - Canara Robeco Bluechip Equity
2. Gaurav Misra - Mirae Asset Large Cap
3. Shreyash Devalkar - Axis Bluechip Fund
4. Swati Kulkarni - UTI Mastershare Unit
5. Harish Krishnan - Kotak Bluechip

Best Mid & Small Cap Fund Managers:

1. Aniruddha Naha - PGIM India Midcap Opportunities Fund
2. Anupam Tiwari - Axis Small Cap Fund
3. Shreyash Devalkar - Axis Midcap
4. Samir Rachh - Nippon India Small Cap
5. Pankaj Tibrewal - Kotak Emerging Equity / Kotak Small Cap

Best Flexi-Cap Fund Managers:

1. Rajeev Thakkar - Parag Parikh Flexi Cap / Parag Parikh Tax Saver
2. Aniruddha Naha - PGIM India Flexi Cap
3. Shridatta Bhandwaldar - Canara Robeco Emerging Equities / Canara Robeco Equity Taxsaver / Canara Robeco Flexi Cap
4. Shreyash Devalkar - Axis Flexi Cap
5. Neelesh Surana - Mirae Asset Emerging Bluechip / Mirae Asset Tax Saver

Winners from the past:

2015: Best fund managers

2016: Best fund managers

2017: Best fund managers

2018: Best fund managers

2019: Best fund managers

2020: Best fund managers

2021: Best fund managers

Methodology

• Funds Considered: open ended, actively managed, equity funds
• Funds Avoided: index, thematic, sector, balanced funds
• Fund Size: Minimum corpus size of Rs 200 cr
• Time Period: January 1, 2018 – December 31, 2022
• Track Record: Funds managed continuously for the specified period of 5 years, with a minimum 2-year track record as lead manager.  Fund managers completing 5 years on the fund management side were considered. If a manager has changed jobs in between, up to a four-month break in between is considered normal. Track record only for completed months was considered; part months was not considered.
• Returns: Asset weighted monthly returns are calculated for all the funds managed by the fund manager, which satisfied the above-mentioned criteria. Annualised geometric returns were calculated for a 5-year period. Standard deviation of the monthly returns was calculated. Risk adjusted returns calculated for a fund manager, and the managers were ranked accordingly. Risk Free Rate used is the FBIL MIBOR Overnight.