Mutual Funds Companies In India
top 10 ranking mutual fund companies in India?
answer will depend on 2008
Mutual Fund companies are rated based on the performance of their mutual fund schemes. The performance of individual schemes are tracked and rated. The aggregate performance of all schemes of a Fund House would determine the Mutual Fund company rating. ValueResearchOnline is one site that has been rating MFs in India for a very long time. Its ratings are widely followed and is respected for its independent views. It categorises funds in 5-Star, 4-Star, 3-Star ratings and so on. Besides it also provides a Risk grade vs Return grades; e.g. Magnum Taxgain enjoys a Low Risk - High Return grade, currently, implies one can consider investing in Magnum taxgain with low risk and can reasonably expect high returns (based on actual past performance)
The Value Research Fund Ratings for April, 2008 are out and this month, the top honour goes to HDFC Mutual Fund. The fund house has the maximum number (5) of 5-star rated funds. Please read the complete article at http://www.valueresearchonline.com/story/h2_storyView.asp?str=11269
Closely following HDFC for the fight for the second place are Standard Chartered Mutual Fund, Birla Sun Life Mutual Fund, SBI Mutual Fund and Tata Mutual Fund, each with four 5-star rated funds to boast of. The presence of Standard Chartered in this list is quite a revelation for the fund house; it had only two 5-star rated funds in March, 2008.
The highest number of 4-star rated funds (16) is held by ICICI Prudential Mutual Fund, which is followed by Franklin Templeton with Thirteen 4-star rated funds. ICICI Prudential had a not-so-good month; two of its four 5-star rated funds from the previous month lost the highest rank. But ICICI Prudential still leads the pack when 5-star and 4-star funds are compared; it has 18 of them in all.
Eligible Mutual Fund investors