Fund directory: Gauging the performance of MFs' open-ended growth schemes

Topics Mutual Funds | MFs

The listings in the Fund Directory give information on the performance of open-ended growth schemes of mutual fund houses based on their investment category. Returns (adjusted for pay-outs where applicable) and net asset values (NAVs) are as on August 31, 2019. Data has been sourced from Morningstar India. For all schemes in the equity and debt categories returns for periods of up to one year have been calculated in absolute terms, while returns for periods above one year have been computed on a compounded annualised basis. 

The fund ranking is done separately for the various categories and not across categories. Expense ratios and corpus figures are based on the latest published figures by mutual funds, which is July 31, 2019. Risk-free returns for computing the Sharpe ratio have been assumed at 5.97 per cent (average one-year FBIL MIBOR overnight rate).  

The Fund Managers of the Year have been selected based on risk-adjusted returns. This is arrived at by estimating the return per unit of risk for the schemes.

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Disclaimer: @2019. Morningstar. All rights reserved. The Morningstar name and logo are the registered mark of Morningstar Inc. The Business Standard Fund Manager Awards are based on the methodology defined by Business Standard and the contribution of Morningstar India Private Limited is restricted to providing certain data. The data provided by Morningstar India Private Limited (1) includes the confidential and proprietary information of Morningstar India Private Limited; (2) may not be copied or reproduced in whole or part, or used in any manner, without the prior written consent of Morningstar India Private Limited; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from fund data published on various dates and procured from various sources. Morningstar India Private Limited, its affiliates, and their employees, officers and directors shall not be responsible in any manner for the awards, nor be liable for any damages or other losses that may result as a consequence of relying on the awards for investment decisions

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