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BT-Value Research best mutual funds listing throws up surprises

May 23, 2014

The Business Today-Value Research study of India's Best Mutual Funds throws up a few surprises -

Jisang Yoo
BEST FUND HOUSE - Mirae Asset

CEO - Jisang Yoo
AVERAGE ASSETS UNDER MANAGEMENT - Rs 692 CRORE
SUCCESS MANTRA - Focus has been on selling solutions to clients for achieving their long-term investment goals. Performance in equity funds has been the key mantra for success



BEST EQUITY FUND MANAGER - Atul Kumar, Quantum Mutual Fund

AVERAGE ASSETS UNDER MANAGEMENT - Rs 238 CRORE
FUNDS MANAGED - Quantum Long Term Equity Fund, Quantum Tax Saving Fund

Atul Kumar
SUCCESS MANTRA - Funds he managed remained in the top quartile 50 per cent of the time in the past five years

EQUITY: LONG-TERM GROWTH - Quantum Long Term Equity Fund

FUND MANAGER - Atul Kumar
AVERAGE ASSETS UNDER MANAGEMENT - Rs 221.72 CRORE
3-YEAR RETURNS - 9.92%
SUCCESS MANTRA - A mix of bottom-up investing and a process driven approach - buying good stocks, strong management and corporate governance. Also, not shying away from sitting on large cash reserves if valuations are costly



Amit Tripathi
BEST DEBT FUND MANAGER - Amit Tripathi, Reliance Mutual Fund

AVERAGE ASSETS UNDER MANAGEMENT - Rs 32,891.5 CRORE
FUNDS MANAGED - Reliance Fixed Horizon Funds, Reliance Interval Funds, Reliance Medium Term, Reliance MIP, Reliance Liquidity, Reliance Money Manager, Reliance Floating Rate Short-term, Reliance Regular Savings Balanced
SUCCESS MANTRA - Consistency is the key. Making a collective effort and following process-based decision making. And most importantly, executing those decisions



Neelesh Surana
EQUITY: AGGRESSIVE GROWTH - Mirae Asset Emerging Bluechip Fund-Regular Plan

FUND MANAGER - Neelesh Surana
AVERAGE ASSETS UNDER MANAGEMENT - Rs 195 CRORE
3-YEAR RETURNS - 16.90%
SUCCESS MANTRA - Follows a value-conscious style. So, does not chase growth and is also not averse to take contrarian calls, provided long-term business prospects are not impaired. It believes that large value creation happens when midcaps migrate to large caps. In this context, in the past four years, two of its portfolio companies in the Emerging Bluechip Fund have become a part of the Nifty index



Rohit Murarka
DEBT: BOND - Birla Sun Life Medium Term Plan

FUND MANAGER - Rohit Murarka
AVERAGE ASSETS UNDER MANAGEMENT - Rs 2,331.53 CRORE
3-YEAR RETURNS - 10.45%
SUCCESS MANTRA - Keeping it simple. Focusing on generating alpha by buying good quality companies offering attractive spreads. Drove more towards corporate fi nance tenets like company fi nancials, business prospects, etc., as compared to the macroeconomic model followed by most bond funds



Manish Gunwani
Manish Banthia
HYBRID: CONSERVATIVE GROWTH - ICICI Prudential Balanced Advantage Fund - Regular Plan

FUND MANAGERS - Manish Gunwani & Manish Banthia
AVERAGE ASSETS UNDER MANAGEMENT - Rs 1,278.03 CRORE
3-YEAR RETURNS - 12.88%
SUCCESS MANTRA - Its asset allocation model and select macroeconomic parameters have really worked well. The ability to exploit the gap between large cap and midcap valuations whenever this expanded too much drove the fund performance



Rahul Pal
DEBT: LIQUID - Taurus Short Term Income

FUND MANAGER - Rahul Pal
AVERAGE ASSETS UNDER MANAGEMENT - Rs 139.24 CRORE
3-YEAR RETURNS - 10.16%
SUCCESS MANTRA - Conscious decision to keep shorter-duration paper and lower expense ratio in the fund compared to peers in the same category was the reason it generated high returns

 


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