Morningstar Announces Winners for 2024 Morningstar Awards for Investing Excellence India

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Morningstar Announces Winners for 2024 Morningstar Awards for Investing Excellence India
Morningstar Announces Winners for 2024 Morningstar Awards for Investing Excellence India
Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announced the winners for the 2024 Morningstar Awards for Investing Excellence in India. The awards recognise 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 over time.
“The Morningstar Awards for Investing Excellence commends the industry’s fund offerings and investor-centric firms. Based on Morningstar’s forward-looking ratings for funds, the Morningstar manager research team carefully select the winners across equity and fixed income categories, as the leading funds within India for investors. We’d like to congratulate all winners and finalists of this year’s awards.” said Kaustubh Belapurkar, Director Manager Research, Morningstar Investment Research India Private Limited (formerly known as Morningstar Investment Adviser India Private Limited)
There are two types of Morningstar awards: the Morningstar Category Awards and the Morningstar Asset Manager Awards.
The 2024 Morningstar Awards for Investing Excellence award winners in India are:
Morningstar Category Awards
Winner
Best Large-Cap Equity Fund
ICICI Prudential Bluechip Fund
Best Flexi Cap Equity Fund
Parag Parikh Flexi Cap Fund
Best Small/Mid-Cap Equity Fund
HDFC Mid-Cap Opportunities Fund
Best Short Duration Fund
ICICI Pru Short Term Fund
Best Corporate Bond Fund
Nippon India Corporate Bond Fund
Best Medium to Long Duration Fund
Kotak Bond Fund
Best Asset Manager Awards
Morningstar Category Awards
Winner
Best Asset Manager
SBI Funds Management Ltd.
Methodology
These awards are determined by a combination of risk-adjusted medium- to long-term performance track records and Morningstar’s forward-looking rating for funds, the Morningstar Medalist Rating™ including its Parent pillar component. The Medalist Rating is set on a five-tier scale running from Gold, Silver, Bronze, Neutral and Negative at the share class level. The full methodology for the awards is available here.