The presence of a skilled manager and robust investment approach warrants an upgrade for this fund from bronze to silver, Morningstar India said in a report.
A Silver rating means Morningstar thinks the fund has significant advantages. These lead its analyst to have high conviction the fund can outperform peers over a market cycle.
Over time, Mrinal Singh has emerged as a skilled portfolio manager. Singh, who started his stint with ICICI Prudential AMC in June 2008 as an equity analyst, took over a technology sector fund in August 2009.
In February 2011, when he took over here, it was his first stint running a diversified fund.
