Morningstar India Announces Winners for Morningstar Fund Awards 2013

MUMBAI — Morningstar India, a subsidiary of independent investment research provider Morningstar, Inc. (NASDAQ: MORN), today announced the winning funds and fund houses for the Morningstar India Fund Awards 2013.

The Morningstar India Fund Awards recognise funds and fund houses that added the most value for investors within the context of a relevant peer group in the past year and over longer time periods.

Winners for seven fund categories were selected by applying a quantitative methodology, along with a qualitative overlay, which emphasized one-year performance but also considered the three- and five-year performance history of all eligible funds. Morningstar adjusted returns for risk using a proprietary screen that imposes a higher penalty for downside variation in a fund’s return than upside volatility.

Aditya Agarwal, managing director of Morningstar India, said, ”The Morningstar Awards are designed to help investors here in India identify the fund managers who added the most value for investors last year, by outperforming their peers and managing risk. Overall fund performance in 2012 was strong and these funds and fund houses stood out among others in the industry.”

The winners of the Morningstar India Fund Awards 2013 are:

Fund House Winners:
Best Fund House—Equity: HDFC Asset Management Company Ltd
Best Fund House—Debt: Birla Sun Life Asset Management Company Ltd
Best Fund House—Multi-Asset: HDFC Asset Management Company Ltd

Fund Category Winners:
Best Large-Cap Equity Fund: UTI Equity Fund
Best Small/Mid-Cap Equity Fund: Birla Sun Life MNC Fund
Best Moderate Allocation Fund: HDFC Balanced Fund
Best Conservative Allocation Fund: Reliance Monthly Income Plan
Best Ultrashort Bond Fund: BNP Paribas Money Plus
Best Short-Term Bond Fund: Birla Sun Life Dynamic Bond
Best Intermediate Bond Fund: Templeton India Income Builder Account


Notes to Editors:
The Morningstar fund category awards and fund house awards are based on Morningstar fund data for the period Jan. 1, 2012 to Dec. 31, 2012. For the full methodology, please visit http://corporate.morningstar.com/us/documents/FundAwards/FundAwardMethodologyIndia_ENG.pdf.

About Morningstar, Inc.
Morningstar India is a subsidiary of Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 416,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 9 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately U.S. $149 billion in assets under advisement and management as of Dec. 31, 2012. The company has operations in 27 countries.

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