Monday, May 23, 2022
outlook business

OUTLOOK BUSINESS-VALUE RESEARCH FUND MANAGERS RANKING

Your definitive guide to India's Best Fund Managers

OUTLOOK BUSINESS-VALUE RESEARCH FUND MANAGERS RANKING

Coverage/Methodology

Fund managers

The study covers fund managers having a track record of managing at least one fund for the past 3-, 5- and 10-year periods ending December 31, 2020, leading us to an overall universe of 93 fund managers.

Funds

  • The study covers diversified equity funds across large-cap, large & mid-cap, mid-cap, small-cap, multi-cap, value oriented and tax planning categories as defined by Value Research. All sector funds, thematic funds and passively-managed funds (Index, ETFs, Quant) have been excluded.

  • This led us to a starting list of 151 equity schemes managing Rs.5,266.56 billion for the three-year period, 128 equity schemes managing Rs.4,212.29 billion for the five-year period and 101 equity schemes managing Rs.3,481.49 billion for the 10-year period.

     

     Performance record

  • The study is based on the performance of fund managers for the past three years (January 2018-December 2020), five years (January 2016-December 2020) and 10 years (January 2011-December 2020).

  • Only the relevant portion of a fund’s performance history, corresponding to a fund manager’s tenure at that fund, has been taken into account to rate that manager.

  • The performance of co-managed funds has been taken into consideration for each of the co-managers.

     

     Evaluation methodology

  • We collated a simple average of the percentage return delivered by a fund manager in each of his covered funds. If the fund manager moved from one fund to another, the relevant track records were aggregated.

  • This gave us the unified performance history of a fund manager. The same process was followed for both 5- and 10-year periods. Think of it like this: if a fund manager was managing only one fund in the past five years, this would be its performance record.

  • We deployed the Value Research fund rating methodology, which is based on risk-adjusted return, to arrive at the relative ranking of fund managers.

  • This is purely a quantitative study based on risk-adjusted performance. 

     


Advertisement
Advertisement
Advertisement