The year 1993 was a significant one for mutual funds in India. Private firms were allowed to enter, paving the way for the industry to grow at an unbelievable pace. Regulations were formulated for the first time.
And Business Today, just a year young, launched India's first-ever ranking of mutual funds by risk-adjusted performance, in association with Value Research, a Delhi-based mutual fund tracker, led by Dhirendra Kumar.
In 2004, we opted to do Best Fund Managers, assessing the people who managed investors' money. From this year, however, we are going back to ranking the Best Mutual Funds, as investors are once more keen on a fund's performance.
There are many mutual fund awards being doled out today. Most have categories based on assets under management (AUM) or the quantum of money managed by funds.
Our ranking categories, on the otherhand, are based on investor profiles - that is, the degree of risk an investor is willing to take.
|BEST MUTUAL FUNDS EQUITY (Aggressive Growth)|
|Magnum Emerging Businesses|
|EQUITY (Long-term Growth)|
|HYBRID (Conservative Growth)|
|Birla Sun Life GSF Long-Term|
|DEBT (Liquid) |
|Birla Sun Life Floating Rate LT RET|
|BEST FUND MANAGERS|
|R. Srinivasan, SBI Mutual Fund|
|Anil Bamboli, HDFC Mutual Fund |
|BEST FUND HOUSE|
|HDFC Mutual Fund|