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:
- Shridatta Bhandwaldar - Canara Robeco Bluechip Equity
- Gaurav Misra - Mirae Asset Large Cap
- Shreyash Devalkar - Axis Bluechip Fund
- Swati Kulkarni - UTI Mastershare Unit
- Harish Krishnan - Kotak Bluechip
Best Mid & Small Cap Fund Managers:
- Aniruddha Naha - PGIM India Midcap Opportunities Fund
- Anupam Tiwari - Axis Small Cap Fund
- Shreyash Devalkar - Axis Midcap
- Samir Rachh - Nippon India Small Cap
- Pankaj Tibrewal - Kotak Emerging Equity / Kotak Small Cap
Best Flexi-Cap Fund Managers:
- Rajeev Thakkar - Parag Parikh Flexi Cap / Parag Parikh Tax Saver
- Aniruddha Naha - PGIM India Flexi Cap
- Shridatta Bhandwaldar - Canara Robeco Emerging Equities / Canara Robeco Equity Taxsaver / Canara Robeco Flexi Cap
- Shreyash Devalkar - Axis Flexi Cap
- 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
Read in detail: Best equity mutual fund managers 2022 who created most wealth for investors: Ranking by ET-Wealth-Morningstar
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.
