Franklin Templeton wins the best equity and multi-asset fund houses; Birla is the best debt fund house
Franklin Templeton Mutual Fund won as many as five awards at the Morningstar Fund Awards event held in Mumbai yesterday.
Besides winning the best equity and multi-asset fund house award, FT won three more awards in the large cap (FT India Prima Plus Fund), small/mid cap (FT India Smaller Companies Fund) and short term bond fund (FT India Short Term Income Fund) category. Launched in 1994, FT India Prima Plus Fund has delivered a CAGR return of 20% since inception, shows Value Research data. FT India Smaller Companies Fund, which manages AUM of Rs. 1,959 crore as on February 2015, has delivered a CAGR of 16% since launch.
A total of five fund houses won awards across eight categories. In the equity category, Axis Long Term Equity Fund won the best ELSS award. Launched in December 2009, this fund has delivered a CAGR of 25% since launch, shows Value Research data. The fund manages AUM of Rs. 4,424 crore as on February 2015.
ICICI Prudential Balanced Fund and HDFC Multiple Yield Fund were the winners in the moderate and conservative allocation category. Also, HDFC Floating Rate Income Fund - Long Term Plan won the best ultra-short term bond award, FT India Short Term Income Fund bagged the best short-term bond fund award while Birla Sun Life Dynamic Bond Fund bagged the award in intermediate bond fund category.
Winners
