CNBC-TV18, India’s No. 1 Business medium, in association with MCX Stock Exchange, India’s news stock exchange and powered by CRISIL, India’s leading ratings, research, risk and policy advisory company presents the 11th edition of Asia’s benchmark mutual funds awards - The CNBC-TV18-CRISIL Mutual Fund of the Year Awards 2011. The aim of CNBC-TV18 CRISIL Mutual Fund Awards 2011 is to recognize and honour those mutual fund houses that have risen strongly after being tested by the economic turmoil during the financial crisis worldwide. These mutual fund houses have believed in long term sustainable wealth creation and thus have bounced back to lead the industry and take it to the next level. The CNBC-TV18 CRISIL Mutual Funds Awards 2011 will bring together global leaders from reputed fund houses and eminent luminaries from the financial services sector such as the senior regulators, leading economists and analysts on a common platform to chart the path to revival on February 21, 2011 at ITC Grand Central, Mumbai from 6.30pm onwards.
Speaking on the occasion, Mr. Udayan Mukherjee, Managing Editor, CNBC-TV18 said, “India’s benchmark awards – The CNBC-TV18 CRISIL Mutual Funds Awards 2011 with its illustrious 11th year legacy has strongly believed in felicitating those fund houses which have performed exceptionally well. These coveted awards seek to recognize the potential of such mutual funds that have not only met the expectations of their investors across the nation at all times but also regained their trust especially during the turbulent times of the world economic crisis.”
Adding further, Mr. Joseph Massey, MD & CEO, MCX Stock Exchange (MCX-SX), said, ‘’The mutual fund industry in India, despite all the challenges it has faced, has played a very important role in taking our equity markets to the masses. MCX Stock Exchange (MCX-SX), since its inception, has been focusing on financial literacy and financial inclusion in India. We have been partnering with CNBC-TV18 since we started operations to recognise the great work that is being done by our mutual fund industry in broad-basing our markets. I congratulate all the winners and nominees of this award and hope that all of us collectively can grow the domestic retail participants in capital market.”
The CNBC-TV18 CRISIL Mutual Funds Awards 2011 comprise of the following categories:-
Large Cap Oriented Funds
Equity Diversified Funds
Small and Mid Cap Funds
Balanced Funds
Income Funds
Equity Linked Savings Schemes
Monthly Income Plans
Index Funds
Income Funds-Short Term
Ultra Short term Funds-Retail
Liquid Funds-Retail
Mutual Fund House of the Year
Equity Mutual Fund House of the Year
Debt Mutual Fund House of the Year
Most Innovative Fund of the Year
Most Investor-Friendly Fund House of the Year
Equity Fund Manager of the Year
Debt Fund Manager of the Year
The selection of the winners is based on a robust methodology powered by CRISIL. The eligibility criteria and methodology for the CNBC-TV18 CRISIL Mutual Fund of the Year Awards have been devised separately for each category and differs from one to the other.
About CNBC TV18:
CNBC-TV 18 is India's No.1 business medium and the undisputed leader in business news. And its leadership epitomizes the fact that India means business. It delivers quality and involved audiences that comprise a comprehensive viewership base greater than similar offerings in the business space across all media. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across the country. CNBC-TV18 is currently available in over 30 million households in India.
About MCX Stock Exchange:
MCX-SX, India’s New Stock Exchange, offers a nationwide electronic platform for trading in Currency futures. The Exchange is poised to launch Interest Rate Futures (IRF), Equities (Cash & F&O), Indices and ETF, Fixed Income (Debt) and SME (Small Medium Enterprises) products, subject to regulatory approvals.
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Promoted by Multi Commodity Exchange (MCX) and Financial Technologies (India) Ltd (FTIL), MCX-SX is recognised under Sec 4 of Securities Contracts (Regulation) Act, by Securities Exchange Board of India (SEBI). The exchange believes in "systematic development of markets through Information, Innovation, Education and Research" and has launched various pioneering innovations for carrying forward its mission of financial literacy for financial inclusion.
About CRISIL:
CRISIL is a globally diversified analytical company providing ratings, research and analytics, risk and policy advisory services. CRISIL is India’s leading ratings agency and the foremost provider of high end research to global banks and corporations. With sustainable competitive advantage arising from its strong brand, unmatched credibility, market leadership across businesses, and large customer base, CRISIL delivers analysis, opinions and solutions that make markets function better.
CRISIL’s independent analysis, tools, and benchmarks help lenders and borrowers, issuers and investors, regulators, and market intermediaries make better-informed investment and business decisions, and improve the efficiency of markets and market participants. CRISIL helps shape public policy on infrastructure in India and emerging markets.
CRISIL serves a rich and globally-diversified client base – within India its customers range from small and medium enterprises to the largest corporates and financial institutions; outside India its customers include the world’s leading banks and corporate. CRISIL also works with governments and policy makers in India and other emerging markets.
CRISIL's majority shareholder, Standard and Poor's, is the world's foremost provider of independent credit ratings. Standard & Poor’s is a part of The McGraw-Hill Companies.