CRISIL FundServices, in partnership with CNBC-TV18, yesterday presented the CNBC-TV18 – CRISIL Mutual Fund Awards for outstanding mutual fund performance for the year 2008. Birla Sun Life AMC, with 5 awards and 5 nominations, won the prestigious Mutual Fund House of the Year Award for the second year in a row. Birla Sun Life AMC also won the Debt Mutual Fund House of the Year Award while the Equity Mutual Fund House of the Year Award was awarded to DSP BlackRock AMC. The Most Innovative Fund of the Year honour went to UTI’s Wealth Builder Fund-Series II.
According to Mr. S. Venkataraman, Senior Director - Research, CRISIL, “The awards have grown to be an industry benchmark in evaluating performance of mutual fund schemes in India. The selection for the awards are underpinned by CRISIL FundServices’ robust, unbiased, objective and unique Composite Performance Ranking (CRISIL~CPR) methodology. We have always endeavoured to align the award with the changing profile of the industry and the market environment. Accordingly, this year we have introduced three new categories – Most Innovative Fund of the Year, Debt Mutual Fund House of the Year and Equity Mutual Fund House of the Year.”
Wednesday, April 1, 2009
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