IDFC MF tops the CRISIL performance index across all scheme categories for the quarter ended September, shows a report published by CRISIL. Of 18 schemes of IDFC MF, 12 schemes ranked either first or second.
In addition, debt funds of IDFC MF topped the CRISIL performance index in the September quarter.
In the equity fund category, equity funds of Aditya Birla Sun Life Mutual Fund have topped the CRISIL performance index for the quarter ended September. Eight equity schemes of the fund house that represent 86% of its equity AUM ranked either first or second in CRISIL performance index.
Kotak Mahindra Mutual Fund followed Aditya Birla Sun Life Mutual Fund with 68% of its equity AUM ranked first or second.
CRISIL performance index ranks funds based on the quarterly average AUM, the volatility of the fund compared with their peer group, asset quality, average maturity, mean return, portfolio concentration analysis and liquidity analysis.
To arrive at the ranking, CRISIL ranked 381 funds that constituted 81% of the total industry assets. Of these funds, 112 were ranked either first or second including 48 equity funds, 51 debt funds and nine hybrid funds.
While the first rank indicates ‘very good performance’, CRISIL Fund Rank 2 indicates ‘good performance’.
Some of the new funds that made into the rank first and second in the September quarter included Motilal Oswal Ultra Short Term Bond Fund (ultra-short-term category), Invesco India Dynamic Equity Fund (large-cap) and Kotak Corporate Bond.
