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Last updated: 27 Sep, 2014  

Morningstar India Announces Winners of 2014 Fund Awards

PR Newswire | 28 Mar, 2014
MUMBAI: Morningstar India, a subsidiary of independent investment research provider Morningstar, Inc. (NASDAQ: MORN), today announced the winners of its 2014 India Fund Awards.

The Morningstar India Fund Awards recognise funds and fund houses that added the most value for investors within the context of a relevant peer group in the past year and over longer time periods. Morningstar names eight fund category winners and three fund house winners by applying a quantitative methodology, with a qualitative overlay, which emphasizes one-year performance but also considers the three- and five-year performance history of all eligible funds. The company adjusted returns for risk using a proprietary screen that imposes a higher penalty for downside variation in a fund's return than upside volatility.

Aditya Agarwal, managing director of Morningstar India, said, "The Morningstar Awards are designed to help investors identify the year's most exceptional funds and fund houses. With these awards, we honor the funds and fund houses that outperformed their peers and added value for investors."

The winners of the 2014 Morningstar India Fund Awards are:

Fund Category Winners

Best Conservative Allocation Fund: HDFC Multiple Yield Fund - Plan 2005

Best ELSS (Tax Savings) Fund: Religare Invesco Tax Plan

Best Intermediate-Bond Fund: Templeton India Income Builder Account

Best Large-Cap Equity Fund: ICICI Prudential Dynamic Plan

Best Moderate Allocation Fund: HDFC Balanced Fund

Best Short-Term Bond Fund: Templeton India Short-Term Income Plan

Best Small/Mid-Cap Equity Fund: Birla Sun Life MNC Fund

Best Ultrashort Bond Fund: HDFC Floating Rate Income Fund - Long Term Plan

Fund House Winners

Best Fund House-Debt: ICICI Prudential Asset Management Company Limited

Best Fund House-Equity: ICICI Prudential Asset Management Company Limited

Best Fund House-Multi-Asset: ICICI Prudential Asset Management Company Limited

Notes to Editors:

The Morningstar fund category and fund house award winners are based on Morningstar fund data for the period 1 January 2013 to 31 December 2013. For more information, please visit   

About Morningstar India and Morningstar, Inc.

Morningstar India is a subsidiary of Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 446,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 10 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and had approximately $159 billion in assets under advisement and management as of Dec. 31, 2013. The company has operations in 27 countries.

The references above should not be considered a solicitation by Morningstar to buy securities.

©2014 Morningstar, Inc. All Rights Reserved.

Media Contact: Nikita More,, +91-9833986610, Manager - Marketing, Morningstar India

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