- Aditya Birla Sun Life AMC bags six awards; sweeps the ‘Bond Indian Rupee’ category
- SBI Funds Management wins the ‘Best Equity Fund (India) over 5 years’ title
- Thomson Reuters Lipper Fund Awards honor funds and fund management firms that deliver consistent performance, in over 20 countries
Mumbai, September 25, 2017 – Indian fund houses Aditya Birla Sun Life Mutual Fund and SBI Mutual Fund won several titles at the recently held Thomson Reuters MENA Lipper Fund Awards. Aditya Birla Sun Life AMC Limited bagged six awards with its Bond-Retail-Growth fund sweeping the ‘Bond Indian Rupee’ category for all 3, 5 and 10 year performance period. Additionally, the fund house also bagged two awards under ‘Equity India’ category for its ‘Small & Midcap Fund-Growth’ and ‘Midcap Fund-Growth’ for 3 years and 10 years performance period respectively. SBI Mutual Fund’s Magnum MidCap Fund-Growth bagged the 5 year performance period in the category. The final tally for the awards for Indian fund houses was as follows:
|AMC||Fund name||Performance Period|
|Aditya Birla Sun Life AMC Limited||Aditya Birla Sun Life Small & Midcap Fund-Growth||3 Years|
|SBI Funds Management Private Limited||SBI Magnum MidCap Fund-Growth||5 Years|
|Aditya Birla Sun Life AMC Limited||Aditya Birla Sun Life Midcap Fund-Growth||10 Years|
|Bond Indian Rupee|
|Aditya Birla Sun Life AMC Limited||Aditya Birla Sun Life Dynamic Bond-Retail-Growth||3 Years|
|Aditya Birla Sun Life AMC Limited||Aditya Birla Sun Life Dynamic Bond-Retail-Growth||5 Years|
|Aditya Birla Sun Life AMC Limited||Aditya Birla Sun Life Dynamic Bond-Retail-Growth||10 Years|
|Equity Sector Financial|
|Aditya Birla Sun Life AMC Limited||Aditya Birla Sun Life Banking & Financial Services-Growth||3 Years|
Pradeep Lankapalli, Managing Director, Thomson Reuters, South Asia, said, “It is a pleasure to see Indian asset managers, Aditya Birla Sun Life AMC and SBI AMC, delivering superior performance at an international platform. We congratulate them and wish them more success for the future.”
“We at Thomson Reuters Lipper would like to congratulate all of the 2017 award winners for successfully navigating the unexpected twists and turns of the 2016 capital markets. Once again we are proud to recognize the outstanding skill and expertise put forth by these managers to deliver outperformance for their shareholders,” said Robert Jenkins, global head of Research at Thomson Reuters Lipper.
For over 30 years, the Thomson Reuters Lipper Fund Award has recognized funds and fund management firms across the globe for their dependably strong risk-adjusted three, five and ten-year performance relative to their peers. The criterion for evaluating the award winner is based on Lipper’s renowned proprietary performance-based methodology.
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