Even the most seasoned professionals at asset management companies do not claim to understand what has happened in the last 18-months. However, these equity market mavens have built upon years of experience and have remained calm in the face of the storm. In this year’s ET Wealth-Morningstar Fund Manager Rankings, we highlight some battle-hardened commanders who have skillfully negotiated the attack. These individuals are among the top wealth managers to help investors build wealth while keeping a close eye on risk. Our study looks at the five-year track record of equity schemes and identifies the best performers across three different categories on a risk-adjusted basis. Return.
A closer look at the handiwork of these recipients reveals some common threads. Sticking to the core investment philosophy at all times comes front and center for generating sustainable long-term wealth. Many have also insisted on limiting drawdowns rather than chasing immediate glory by riding the pace. At the same time, some have accepted changing circumstances and shown a willingness to adapt to new realities with clever realignment. Read on to learn how to be the gatekeeper at the mass-market equity fund Through the ups and downs of the market have managed to increase the money pie for the investors.
Top Wealth Makers of 2021
large cap fund
- Shreyash Devalkar, Axis Mutual Fund
- Sridutt Bhandardar, Canara Robeco Mutual Fund
- Gaurav Mishra, Mirae Asset Global Investments
- Swati Kulkarni UTI Mutual Fund
- Harish Krishnan, Box Mutual Fund
Note: Shreyash Dewalkar moved from BNP Paribas MF to Axis MF during the period under consideration.
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Best Large Cap Mutual Fund Manager 2021
multi cap fund
- Rajeev Thakkar, Parag Parikh Mutual Fund
- Neelesh Surana, Mirae Asset Global Investments
- Ajay Tyagi, UTI Mutual Fund
- Vinay Pahadia, Union Mutual Fund
- R Srinivasan, SBI Mutual Fund
Note: Vinay Paharia switched from Invesco MF to Union MF during the period under consideration.
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Best Multi-cap Mutual Fund Manager 2021
Small Cap and Mid Cap Funds
- Shreyash Devalkar, Axis Mutual Fund
- R Srinivasan, SBI Mutual Fund
- Anupam Tiwari, Axis Mutual Fund
- Harshad Patwardhan, Edelweiss Mutual Fund
- Pankaj Tibrewal, Kotak Mutual Fund
Note: Shreyash Dewalkar moved from BNP Paribas MF to Axis MF during the period under consideration.
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Best Mid- and Small-cap Mutual Fund Managers 2021
How we ranked managers
World of Funds Our study is limited to open-ended, actively managed, diversified equity funds, which are divided into three different categories- large-cap, multi-cap (flexi-cap, large-and-mid cap). , Focused, Value and ELSS) and Mid-/Small-cap- as per Morningstar India classification. Schemes with minimum corpus of Rs 200 crore were considered. No Index, Thematic, Sector or Balanced Funds were considered for valuation.
time limit
The study is based on the performance of funds managed between July 1, 2016 and June 30, 2021.
Experience and AUM Criteria
Funds managed continuously for a period of five years were considered under the study, with the exception of fund managers who have a gap of up to 4 months between two tenures. Only the track record of completed months was considered for this analysis. For a fund to qualify, the fund manager needs to have a minimum two-year track record with that fund as a lead manager. The study was limited to fund managers managing an AUM of at least Rs 500 crore across all qualifying funds. In this analysis, only the primary fund manager is considered as the manager of the fund.
risk and return
After shortlisting the fund managers, the total return generated by each fund manager was calculated over a five-year period for all the funds managed by him, which took the deduction. Returns were then adjusted for risk. It takes into account the degree of risk taken by the fund manager to generate returns. To obtain the risk-adjusted score, asset-weighted monthly returns of all funds that met the above criteria were calculated. Weighing the performance of the scheme on the basis of its fund size helps in giving due weightage to each fund size. Then, the annual geometric mean for the five-year period was calculated to arrive at the annualized five-year return. In addition, the annual standard deviation of the monthly asset-weighted return was calculated. The final risk-adjusted return was calculated by subtracting the return of risk-free return – FBIL Mibor Overnight – from the annual geometric return generated by each fund manager and dividing by the respective standard deviation.
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Mutual fund managers who have given good risk-adjusted returns over a long period of time