MUMBAI, India, March 21, 2022 /PRNewswire/ — Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced the winners for the 2022 India Morningstar Awards for Investing Excellence. The awards recognize those funds and asset managers that have served investors well over the long term and which Morningstar’s Manager Research team believes will be able to deliver strong risk-adjusted returns in the longer term.
There are two types of Morningstar awards: the Morningstar Category Awards and the Morningstar Asset Manager Awards.
“The objective of the Morningstar Awards for Investing Excellence is to highlight funds and fund groups that have done a great job for investors and that we think should continue to serve them well in the long run,” said Kaustubh Belapurkar, Director of Fund Research, India. “Our 2022 winners, across equity and fixed-income categories, have been carefully chosen by our analysts and represent some of the best funds and fund groups in the industry.”
The 2022 Morningstar Awards for Investing Excellence award winners in the India are:
FUND CATEGORY AWARDS:
Best Large-Cap Equity Fund
UTI Mastershare Unit Scheme
Best Medium To Long Duration Fund
SBI Magnum Income Fund
Best Mid-Cap Equity Fund
PGIM India Midcap Opportunities Fund
Best Short Duration Fund
ICICI Prudential Short Term Fund
FUND HOUSE AWARDS:
Best Fund House: Debt
Axis Asset Management Company Limited
Best Fund House: Equity
Axis Asset Management Company Limited
Best Fund House: Overall
Axis Asset Management Company Limited
Nikita More, firstname.lastname@example.org
About Morningstar India Private Limited & Morningstar Inc.Morningstar India Private Limited is a wholly owned 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, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately US$265 billion in assets under advisement and management as of Dec. 31, 2021. The company has operations in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.
About Morningstar Investment Adviser India Private Limited and Morningstar’s Investment Management Group Morningstar Investment Adviser India Private Limited (MIAIPL) is a member of Morningstar’s Investment Management group, a leading provider of discretionary investment management and advisory services. Guided by seven investment principles, the group is committed to focusing on its mission to design portfolios that help investors reach their financial goals. The group’s global investment management team works as one to apply a disciplined investment process to its strategies and portfolios, bringing together core capabilities in asset allocation, investment selection, and portfolio construction. This robust process integrates proprietary research and leading investment techniques. As of Dec. 31, 2021, Morningstar’s Investment Management group was responsible for approximately US$265 billion* in assets under advisement and management across North America, EMEA, and Asia-Pacific.
MIAIPL) is a registered investment adviser (registration number INA000001357), portfolio manager (registration number INP000006156), and research entity (registration number INH000008686). The Morningstar name is a registered trademark of Morningstar, Inc. in India and other jurisdictions. Research on securities, as referred to for the purpose of this document as “Investment Research”, is issued by MIAIPL. MIAIPL has not been the subject of any disciplinary action by SEBI or any other legal/regulatory body. In India, MIAIPL has only one associate, viz., Morningstar India Private Limited, and this company predominantly carries on the business activities of providing data input, data transmission and other data related services, financial data analysis, software development etc.
*Includes assets under management and advisement for Morningstar Investment Management LLC, Morningstar Investment Services LLC, Morningstar Investment Management Europe Ltd., Morningstar Investment Management Australia Ltd., Ibbotson Associates Japan, Inc., Morningstar Investment Management South Africa (PTY) LTD, and Morningstar Associates Inc. all of which are subsidiaries of Morningstar, Inc. Advisory services listed are provided by one or more of these entities, which are authorized in the appropriate jurisdiction to provide such services.
Morningstar’s Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar’s Manager Research Group’s current expectations about future events and therefore involve unknown risks and uncertainties that may cause such expectations not to occur or to differ significantly from what was expected. Analyst Ratings are not guarantees nor should they be viewed as an assessment of a fund’s or a fund’s or separately managed account’s underlying securities’ creditworthiness. This press release is for informational purposes only; references to securities or a separately managed account investment strategy in this press release should not be considered an offer or solicitation to buy or sell the securities or to invest in accordance with that strategy.
The author/creator of this Investment Research (“Research Analyst”) or his/her associates or immediate family may have (i) a financial interest in the subject mutual fund scheme(s) or (ii) an actual/beneficial ownership of one per cent or more securities of the subject mutual fund scheme(s), at the end of the month immediately preceding the date of publication of this Investment Research. The Research Analyst, his/her associates and immediate family do not have any other material conflict of interest at the time of publication of this Investment Research. The Research Analyst or his/her associates or his/her immediate family has/have not received any (i) compensation from the relevant asset manager(s)/subject mutual fund(s) in the past twelve months; (ii) compensation for products or services from the relevant asset manager(s)/subject mutual fund(s) in the past twelve months; and (iii) compensation or other material benefits from the relevant asset manager(s)/subject mutual fund(s) or any third party in connection with this Investment Research. Also, the Research Analyst has not served as an officer, director or employee of the relevant asset manager(s)/trustee company/ies, nor has the Research Analyst or associates been engaged in market making activity for the subject mutual fund(s). The terms and conditions on which MIAIPL offers Investment Research to clients varies from client to client, and are spelt out in detail in the respective agreement. The Investment Research: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, MIAIPL; (2) may not be copied, redistributed or used, by any means, in whole or in part, without the prior, written consent of MIAIPL; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from data published on various dates and procured from various sources. No part of this information shall be construed as an offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, MIAIPL, nor any of their officers, directors, employees, associates or agents shall be responsible or liable for any trading decisions, damages or other losses resulting directly or indirectly from the use of the Investment Research.
The various ratings assigned by MIAIPL to mutual fund schemes are (i) Gold, (ii) Silver, (iii) Bronze, (iv) Neutral and (v) Negative. A Gold rated mutual fund scheme is MIAIPL’s highest-conviction recommendation, which stands out as best of breed for its investment mandate, and is expected to outperform its relevant performance benchmark and/or peer group within the context of the level of risk taken over the long term (defined as a full market cycle or at least five years). A Silver rated mutual fund scheme is MIAIPL’s high-conviction recommendation and is expected to outperform its relevant performance benchmark and/or peer group within the context of the level of risk taken over the long term, although it does not necessarily rise to the standard of best in breed. A Bronze rated mutual fund scheme is one where MIAIPL has the conviction to award it a positive rating and expects it to beat its relevant performance benchmark and/or peer group within the context of the level of risk taken over the long term, as the mutual fund scheme has advantages that outweigh its disadvantages. A Neutral rated mutual fund scheme is one in which MIAIPL does not have a strong positive or negative conviction, and while it is not likely to deliver standout returns, it isn’t likely to seriously underperform its relevant performance benchmark and/or peer group either. A Negative rated mutual fund scheme is one which has at least one flaw that MIAIPL believes is likely to significantly hamper future performance and because of such faults, such a mutual fund scheme is believed to be inferior to most competitors and likely to underperform its relevant performance benchmark and/or peer group, within the context of the level of risk taken, over a full market cycle.
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