India’s best equity fund managers 2021

Morningstar and ET Wealth collaborate each year to bring out the study of India’s Best Equity Fund Managers.

The winners are chosen based on their ability to generate risk-adjusted alpha on a consistent basis.

Here are the winners of 2021:

Best Large Cap Fund Managers:

  1. Shreyash Devalkar, Senior Fund Manager - Equity, Axis Mutual Fund
  2. Shridatta Bhandwaldar, Head of Equities, Canara Robeco Mutual Fund
  3. Neelesh Surana, CIO, Mirae Asset Mutual Fund
  4. Gaurav Misra, Senior Fund Manager, Mirae Asset Mutual Fund
  5. Swati Kulkarni, EVP & Fund Manager - Equity, UTI Mutual Fund

Best Mid & Small Cap Fund Managers:

  1. Shreyash Devalkar, Senior Fund Manager - Equity, Axis Mutual Fund
  2. Srinivasan, CIO - Equity, SBI Mutual Fund
  3. Anupam Tiwari, Fund Manager - Equity, Axis Mutual Fund
  4. Harshad Patwardhan, CIO - Equities, Edelweiss Mutual Fund
  5. Pankaj Tibrewal, Sr. Vice President & Fund Manager, Kotak Mutual Fund

Best Multi-Cap Fund Managers:

  1. Rajeev Thakkar, CIO, PPFAS Mutual Fund
  2. Neelesh Surana, CIO, Mirae Asset Mutual Fund
  3. Ajay Tyagi, Head of Equities, UTI Mutual Fund
  4. Vinay Paharia, CIO, Union Mutual Fund
  5. Srinivasan, CIO - Equity, SBI Mutual Fund

Methodology

  • Fund managers completing five years on the fund management side were considered. If a manager has changed jobs in between, up to a four-month break in between is considered normal.
  • Minimum two years track record with a single fund.
  • Only funds with assets under management of more than or equal to Rs 200 crore (as of June 2020) were considered.
  • Only diversified equity funds were considered for analysis. For the applicable universe, Morningstar categories - Large-Cap, Mid & Small Cap (Mid-Cap, Small-Cap), Multi-Cap (Multi-Cap, Large & Mid-Cap & ELSS) were considered. No index, thematic, sector or balanced funds were considered.
  • Only open-ended funds were considered.
  • Only primary fund managers were considered.
  • Track record only for completed months was considered; part months was not considered.
  • Asset weighted monthly returns are calculated for all the funds managed by the fund manager, which satisfied the above-mentioned criteria.
  • Annualised geometric returns were calculated for a five-year period.
  • Standard deviation of the monthly returns was calculated.
  • Risk adjusted returns calculated for a fund manager. Risk Free Rate used is the FBIL MIBOR Overnight.
  • Managers were ranked on the basis of risk-adjusted returns.

Winners from the past:

Source: Morningstar India Website