MUMBAI: They dug deep for unpolished gems, pored over reams of annual
reports, scrutinised financial statements in detail and retained their
calm when things were going haywire. This is why some fund managers have
been able to churn out extraordinary returns for investors.
DSP BlackRock Mutual Fund's Vinit Sambre bags the top honour in this year's ET WealthMorningstar ranking of best fund managers. Sambre, who manages the DSP BlackRock Micro Cap Fund and the DSP BlackRock Small and Midcap Fund, has generated annualised returns of 25.51% for investors for the past five years.
At second place is Jinesh Gopani of Axis Mutual Fund, who manages the Axis Long Term Equity Fund and the Axis Focused 25 Fund and generated 19.59% returns. R Janakiraman of Franklin Templeton stands third with 20.2% annualised returns in the past five years.
The ET Wealth-Morningstar
ranking is based on weighted average five-year performance of
open-ended diversified equity schemes. We included only those equity
schemes with an AUM of at least Rs 100 crore. Also, only fund managers
who handled a combined AUM of at least Rs 500 crore across all
qualifying funds and had a continuous five-year fund management
experience were included in the study . Readers should note that the
ranking is not based on the returns alone. The aggregate returns were
adjusted for risk to evaluate how much risk was taken by the managers to
generate the returns.
What's the secret behind the phenomenal returns generated by these financial wizards? Sambre says they stuck to the basics while selecting companies. "We picked stocks where the focus was on corporate governance, management's passion towards their business, companies' competitive advantage and strong financial attributes," he says.
Gopani says a disciplined approach and sticking to quality have worked for him. "It is best to invest in companies where the management is capable of navigating the good and bad phase of the business," he says.
These star managers have interesting nuggets of advice for investors. "Do not invest in low-growth stocks purely because of valuation," says Neelesh Surana of Mirae Asset, who is ranked sixth in the list. Another key advice to investors comes from Chirag Setalvad of HDFC Mutual Fund, who was ranked number one in 2015. "Invest in quality businesses. When there's a structural problem with a business, it's better to exit fast," he says.
All 10 fund managers agree that investors in equity funds should take a long-term view to get the best results. S Krishnakumar of Sundaram Mutual Fund, who is at the ninth place, says investors should "select asset classes and allocation and then stick to them for life."
DSP BlackRock Mutual Fund's Vinit Sambre bags the top honour in this year's ET WealthMorningstar ranking of best fund managers. Sambre, who manages the DSP BlackRock Micro Cap Fund and the DSP BlackRock Small and Midcap Fund, has generated annualised returns of 25.51% for investors for the past five years.
At second place is Jinesh Gopani of Axis Mutual Fund, who manages the Axis Long Term Equity Fund and the Axis Focused 25 Fund and generated 19.59% returns. R Janakiraman of Franklin Templeton stands third with 20.2% annualised returns in the past five years.
The ET Wealth-Morningstar
ranking is based on weighted average five-year performance of
open-ended diversified equity schemes. We included only those equity
schemes with an AUM of at least Rs 100 crore. Also, only fund managers
who handled a combined AUM of at least Rs 500 crore across all
qualifying funds and had a continuous five-year fund management
experience were included in the study . Readers should note that the
ranking is not based on the returns alone. The aggregate returns were
adjusted for risk to evaluate how much risk was taken by the managers to
generate the returns. What's the secret behind the phenomenal returns generated by these financial wizards? Sambre says they stuck to the basics while selecting companies. "We picked stocks where the focus was on corporate governance, management's passion towards their business, companies' competitive advantage and strong financial attributes," he says.
Gopani says a disciplined approach and sticking to quality have worked for him. "It is best to invest in companies where the management is capable of navigating the good and bad phase of the business," he says.
These star managers have interesting nuggets of advice for investors. "Do not invest in low-growth stocks purely because of valuation," says Neelesh Surana of Mirae Asset, who is ranked sixth in the list. Another key advice to investors comes from Chirag Setalvad of HDFC Mutual Fund, who was ranked number one in 2015. "Invest in quality businesses. When there's a structural problem with a business, it's better to exit fast," he says.
All 10 fund managers agree that investors in equity funds should take a long-term view to get the best results. S Krishnakumar of Sundaram Mutual Fund, who is at the ninth place, says investors should "select asset classes and allocation and then stick to them for life."
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