ICICI Prudential AMC won seven awards, followed by HDFC AMC which bagged six awards.
Lipper, a fund research and analysis firm promoted by Thomson Reuters, today announced the winners of the India Lipper Fund Awards 2012.
The India Lipper Fund Awards 2012 are given to the best-performing funds in India that have excelled in delivering consistently strong risk-adjusted performance, relative to peers over the past three, five and ten years.
The top group awards in the bond, equity, mixed assets & overall categories went to:
- HDFC Asset Management collected two awards for the Best Overall Award and the Best Mixed Assets Fund Group
- Fidelity Mutual Fund won the Best Equity Fund Group
- Escorts Asset Management garnered the Best Bond Fund Group
“We are delighted to recognize the best investment fund companies in India for their excellence in consistently delivering risk adjusted returns relative to their peers amidst turbulent market conditions. Despite slower economic growth in recent months, investors remain enthusiastic about India's fund market according to Lipper data and analysis. India attracted positive fund inflows of US$12.22 billion in the first half of 2012 and became one of the leading markets in Asia in terms of fund flows,” said Ranjit Tinaikar, Managing Director Investment Management Asia at Thomson Reuters.
In
total, ICICI Prudential AMC won seven awards, followed by HDFC Asset Management
Company with six awards.