Mumbai, August 13, 2013: Lipper, a Thomson Reuters company and the world’s leading fund research and analysis organization, recently announced the winners of the Lipper India Fund Awards 2013. These awards are given to the best-performing funds in India that have excelled in delivering consistently strong risk-adjusted performance relative to peers over the past three, five and ten years. The Lipper Fund Awards are based on a precise measurement emphasizing risk-adjusted returns and consistency – the key to long-term success.
The top group awards this year went to:
- SBI Mutual Fund in the Best Bond Fund Group
- BNP Paribas in the Best Equity Fund Group
- ICICI Prudential collected two awards as the Best Overall Group and the Best Mixed Assets Fund Group
On the occasion, Swarup Choudhury, Managing Director, India, Thomson Reuters said, “Congratulations to all the winners. We are proud to recognize the achievements of asset management companies and their fund managers for delivering consistently strong risk-adjusted performance relative to their peers. In today’s environment where fund managers are looking towards the global markets to attract fund flows and international investors, these awards highlight their superior performance that distinguishes them from both global and local peers.”
In addition, the Lipper Fund Awards program recognizes fund families with high average consistent returns for all funds within a particular asset class or overall. This year, 25 individual funds were also presented, of which six awards were collected by ICICI Prudential AMC. For details of all the winners, please see the attachment. You can also visit our website http://excellence.thomsonreuters.com/award/lipper for the full list of winners and to understand the Lipper Fund Awards 2013 methodology.