UTI Equity Fund wins the best equity fund award while Birla Sun Life MMC Fund wins the best small/mid-capfund award.
HDFC Mutual Fund walked away with the best equity fund house for fourth year in a row and best multi-asset fund house for the third year in a row at the Morningstar Fund Awards 2013.
Birla Sun Life Mutual Fund bagged the best debt fund house award. The other two contenders in the best debt fund house category were ICICI Prudential and UTI. In the best equity fund house category, the other two contenders were Franklin Templeton and Reliance.
Winners for seven fund categories were selected by applying a quantitative methodology, along with a qualitative overlay, which emphasized one-year performance but also considered the three- and five-year performance history of all eligible funds.
Below is the list of winners
|
Fund House Winners |
|
|
Best Fund House—Equity |
HDFC |
|
Best Fund House—Debt |
Birla Sun Life |
|
Best Fund House—Multi-Asset |
HDFC |
|
Fund Category Winners |
|
|
Best Large-Cap Equity Fund |
UTI Equity Fund |
|
Best Small/Mid-Cap Equity Fund |
Birla Sun Life MNC Fund |
|
Best Moderate Allocation Fund |
HDFC Balanced Fund |
|
Best Conservative Allocation Fund |
Reliance Monthly Income Plan |
|
Best Ultrashort Bond Fund |
BNP Paribas Money Plus |
|
Best Short-Term Bond Fund |
Birla Sun Life Dynamic Bond |
|
Best Intermediate Bond Fund |
Templeton India Income Builder Account |
