The Morningstar Fund House Awards recognise those fund families that have delivered sustained outperformance on a risk-adjusted basis across their fund line-ups.
Morningstar Best Debt Fund House Award
Fund houses with at least 5 fixed-interest funds with Morningstar Ratings available for sale in a given market are eligible.
- Aditya Birla Sun Life AMC Ltd.
- ICICI Prudential AMC Ltd.
- Kotak Mahindra AMC Ltd.
Morningstar Best Equity Fund House Award
Fund houses with at least 5 equity funds with Morningstar Ratings available for sale in a given market are eligible.
- Invesco Asset Management (India) Private Ltd.
- Kotak Mahindra AMC Ltd.
- SBI Funds Management Ltd.
Morningstar Best Overall Fund House Award
Fund houses with at least 5 equity funds and 5 fixed-interest funds with Morningstar Ratings available for sale in a given market are eligible.
- ICICI Prudential AMC Ltd.
- Kotak Mahindra AMC Ltd.
- SBI Funds Management Ltd.
For each award, Morningstar will calculate House Scores using the following methodology:
- Only funds with 5-year Morningstar Ratings are included. Money market funds are excluded.
- Determine the 5-year Morningstar Risk-Adjusted Return (MRAR) for each share class of each fund run by a given house, and the percentile rank of that return score within its Morningstar Category.
- Determine the average percentile rank of each fund's MRAR by taking the mean MRAR percentile rank of all its classes.
- Determine the mean percentile rank of each fund house's MRAR by taking the mean of its funds' MRAR percentile ranks (the lower a group's mean percentile rank, the better its performance).
Morningstar India’s qualitative analysts will review the scoring results and may disqualify a firm if there are extenuating circumstances.
These might include (but are not limited to) the loss of a group of talented managers, substantial increases to fund expenses, non-availability of the house's funds to retail investors in the relevant market, or being taken over by another group.
Each disqualification must be approved by the heads of Morningstar’s European Research. The review is intended to prevent giving an award on the basis of performance that we believe is unlikely to be repeated due to structural factors.
The remaining fund firms with the lowest score in each of the above groups will receive the relevant Morningstar Fund House Award.
There will only be one award in each of the categories listed above. If there are fewer than three eligible groups in any of these categories, no award will be made in that category.
Four of the nominees have been winners in the past. The exception being Invesco Asset Management (India) Private Ltd.
The Best Funds: Nominees
