Morningstar's analysts revisited four funds and assigned Silver, Bronze and Neutral ratings.
The fund saw a change in its mandate as well as leadership, and we think that the strategy is still coming together.
The funds managed by Sohini Andani and Saurabh Pant received Bronze and Neutral ratings.
UTI Equity Fund, launched in 1992, is one of the oldest funds in the Indian mutual fund industry.
ET Wealth teams up with Morningstar India to bring you its comprehensive annual study of the best equity fund managers.