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Wealth Forum launched its inaugural edition of the Wealth Forum AMC Awards in December 2010. For far too long, AMCs have been recognising and applauding the best performers among distributors and advisors. Isn't it time that the same distribution partners get together and recognise and applaud the best of breed within their AMC partners, across different categories? Does asset management only mean fund performance? Aren't there other facets of an AMC business that deserve recognition - like customer service, distributor training, business ethics etc? It is these simple thoughts that drove us to institute the Wealth Forum AMC Awards 2010.
The awards were decided and presented by members of the Wealth Forum Platinum Circle - who represent the eiite of India's advisory and distribution community. Nomination requests were sent to 130 key distribution and advisory firms across channels - banks, NDs, RDs and IFAs. 103 completed nomination forms came in - from all channels : clearly, the distribution fraternity is enthused by the idea of recognising the best in class among their AMC partners.
We asked distribution and advisory firms to nominate their top 3 on each of the following 14 categories :
1. Best Equity Fund
2. Best Balanced Fund
3. Best MIP
4. Best Income/Gilt Fund
5. Best Fund Manager - Equity
6. Best Fund Manager - Debt
7. Best CIO
8. Best Fund House - Equity
9. Best Fund House - Debt
10. Best AMC - Customer Service
11. Best AMC - Distributor Training
12. Best AMC - Business Ethics
13. Best National Sales Head
14. Best CEO
The awards ceremony was held on December 3, 2010 in Mumbai and was very well attended by the industry - AMCs as well as their distribution partners.
Vijay Venkatram, Director Wealth Forum welcomes guests to the awards event
A true industry event - with AMC executives sitting alongside their distribution partners
Best Equity Fund
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include returns, volatility of returns, adherence to fund mandates, quality of disclosures, long term track record. The funds you select here should ideally be the ones you have the highest confidence in recommending to your clients. There are no sub-categories within the equity category for this award."
Nominations
A total of 27 equity funds from 14 AMCs received nominations : performance is certainly getting noticed !
The top 5 nominees (in alphabetical order ) :
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DSP Blackrock Equity Fund |
And the winners …. Best Equity Fund - 2010
|
3rd Position : IDFC Premier Equity Fund |
Ravi Kohli of Bluechip Capital, Delhi gives away the awards for Best Equity Fund - 1st and 2nd position to Prashant Jain, who manages HDFC Equity Fund and HDFC Top 200 Fund. A phenomenal performance indeed by Prashant - to pick up the 1st and 2nd positions in the most competitive category of them all
Kalpen Parekh, Deputy CEO, IDFC AMC collects the award for 3rd position on behalf of Kenneth Andrade for his fund IDFC Premier Equity Fund
Best Balanced Fund
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include returns, volatility of returns, adherence to fund mandates, quality of disclosures, long term track record. The funds you select here should ideally be the ones you have the highest confidence in recommending to your clients. There are no sub-categories within the balanced category for this award."
Nominations
A total of 16 balanced funds from 11 AMCs received nominations.
The top 5 nominees (in alphabetical order ) :
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Birla Sun Life 95 |
And the winners …. Best Balanced Fund - 2010
|
3rd Position : DSP Blackrock Balanced Fund |
Anil Khera of Excellent Investment Bureau, Delhi announces the winners of the Best Balanced Fund category
Apurva Shah of DSP Blackrock accepts the award for DSP Blackrock Balanced Fund
Reliance RSF Balanced Fund wins the 2nd position
HDFC Prudence Fund is the big winner - and Prashant Jain picks up his third award in an evening that's still very young…..
Best MIP
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include returns, volatility of returns, adherence to fund mandates, quality of disclosures, long term track record. The funds you select here should ideally be the ones you have the highest confidence in recommending to your clients. There are no sub-categories within the MIP category for this award."
Nominations
A total of 12 MIPs from 9 AMCs received nominations.
The top 5 nominees (in alphabetical order ) :
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Birla MIP II |
And the winners …. Best MIP - 2010
|
3rd Position : Birla Sun Life MIP II |
Anil Bamboli (HDFC), Manish Dangi (Birla Sun Life) and Ashwini Kumar (Reliance) receive their awards for Best MIP from Sanjay Shah of Prudent Corporate Advisory Services, Ahmedabad and Sudeep Poddar of Eastern Financiers, Kolkata
Best Debt Fund
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include returns, volatility of returns, adherence to fund mandates, quality of disclosures, long term track record. The funds you select here should ideally be the ones you have the highest confidence in recommending to your clients. There are no sub-categories within the income/gilt category for this award."
Nominations
A total of 31 debt funds from 15 AMCs received nominations.
The top 5 nominees (in alphabetical order ) :
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Birla Sun Life G Sec LT Fund |
And the winners …. Best Debt Fund - 2010
|
3rd Position : ICICI Prudential Income Fund |
Sudeep Poddar of Eastern Financiers, Kolkata announces the winners of the Best Debt Fund award
S.Naren (ICICI Prudential), Manish Dangi (Birla Sun Life) and Umesh Sharma (Franklin Templeton) receive the awards for the Best Debt Fund from Sanjay Shah of Prudent Corporate Advisory Services, Ahmedabad and Sudeep Poddar of Eastern Financiers, Kolkata
Best Equity Fund Manager
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include consistent performance on all the best fund criteria across all the funds that this fund manager manages. You may also consider the quality of engagement of the fund managers with key distributors and the level of trust and confidence the individual inspires in you."
Nominations
A total of 26 equity fund managers from 16 AMCs received nominations.
The top 5 nominees (in alphabetical order ) :
|
Apurva Shah, DSP Blackrock |
And the winners …. Best Equity Fund Manager - 2010
|
3rd Position : Kenneth Andrade, IDFC |
Roopa Venkatakrishnan, Mumbai announces the winners of the Best Equity Fund Manager award
Prashant Jain (HDFC), Sunil Singhania (Reliance) and Kalpen Parekh (on behalf of Kenneth Andrade - IDFC) accept their awards for Best Equity Fund Manager from Roopa Venkatakrishnan, Mumbai and Hemant Rustagi, WiseInvest Advisors, Mumbai
Best Debt Fund Manager
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include consistent performance on all the best fund criteria across all the funds that this fund manager manages. You may also consider the quality of engagement of the fund managers with key distributors and the level of trust and confidence the individual inspires in you."
Nominations
A total of 26 debt fund managers from 13 AMCs received nominations.
The top 5 nominees (in alphabetical order ) :
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Anil Bamboli, HDFC |
And the winners …. Best Debt Fund Manager - 2010
|
3rd Position : Shobhit Mehrotra, HDFC |
Hemant Rustagi of WiseInvest Advisors, Mumbai announces the winners of the Best Debt Fund Manager
Anil Bamboli (on behalf of Shobhit Mehrotra - HDFC), Manish Dangi (Birla Sun Life) and Umesh Sharma (on behalf of Santosh Kamath - Franklin Templeton) receive the awards for Best Debt Fund Manager from Roopa Venkatakrishnan, Mumbai and Hemant Rustagi, WiseInvest Advisors, Mumbai
Best CIO
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include consistent performance across asset categories by this CIO's team, ability of the CIO to provide overall direction not only to his/her team but also to provide a well rounded perspective to key advisors and distributors that helps them sharpen their own advisory inputs. A CIO who inspires confidence in you"
Nominations
A total of 16 CIOs received nominations. Perceptions are important : some nominees have moved on to broader roles but are still perceived to be controlling the investment management function
The top 5 nominees (in alphabetical order ) :
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A. Balasubramaniam, Birla Sun Life |
And the winners …. Best CIO - 2010
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3rd Position : S. Naganath, DSP Blackrock |
Nitin Rao of HDFC Bank announces the winners of the Best CIO award as Sourabh Kumar of Citibank looks on
Prashant Jain (HDFC), S.Naren (on behalf of Nilesh Shah - ICICI Prudential) and Apurva Shah (on behalf of S. Naganath - DSP Blackrock) receive the awards for Best CIO from Nitin Rao of HDFC Bank and Sourabh Kumar of Citibank.
Best Equity Fund House
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include consistent performance across equity funds, long term track record, well defined and institutionalised processes that derisk the firm against individual fund manager seperations, transparency and disclosure standards, institutionalised processes to engage key distributors on fund and market updates and perspectives."
Nominations
A total of 13 AMCs received nominations.
The top 5 nominees (in alphabetical order ) :
|
DSP Blackrock |
And the winners …. Best Equity Fund House - 2010
|
3rd Position : DSP Blackrock |
Sourabh Kumar of Citibank announces the winners of the Best Equity Fund House award. Looking on is Nitin Rao of HDFC Bank
Prashant Jain (HDFC), Sunil Singhania (Reliance) and Apurva Shah (DSP Blackrock) receive their awards in the Best Equity Fund House category from Nitin Rao of HDFC Bank and Sourabh Kumar of Citibank. Prashant Jain made a clean sweep of all the categories in which he was present - Best Equity Fund, Best Balanced Fund, Best Equity Fund Manager, Best CIO and Best Equity Fund House.
Best Debt Fund House
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include consistent performance across debt funds, long term track record, well defined and institutionalised processes that derisk the firm against individual fund manager seperations, transparency and disclosure standards, institutionalised processes to engage key distributors on fund and market updates and perspectives."
Nominations
A total of 13 AMCs received nominations.
The top 5 nominees (in alphabetical order ) :
|
Birla Sun Life |
And the winners …. Best Debt Fund House - 2010
|
3rd Position : Franklin Templeton |
Bharat Phatak of Wealth Managers (India), Pune announces the winners of the Best Debt Fund House Award
Manish Dangi (Birla Sun Life), Anil Bamboli (HDFC) and Umesh Sharma (Franklin Templeton) receive the Best Debt Fund House award from Bharat Phatak of Wealth Managers (India), Pune and Christopher Louzado of InTrust Advisors, Pune
Best AMC - Customer Service
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include levels of errors in transaction processing, clarity and ease of operational procedures, quality of investor service centres, call centres, service managers, promptness with which queries and issues are resolved, customer centric approach in dealing with and resolving issues"
Nominations
A total of 19 AMCs received nominations.
The top 5 nominees (in alphabetical order ) :
|
Birla Sun Life |
And the winners …. Best AMC - Customer Service - 2010
|
3rd Position : Reliance Capital |
Christopher Louzado of InTrust Advisors, Pune announces the winners of the Best AMC - Customer Service Award
John Mathews (HDFC), Neerav Kaushik (Franklin Templeton) and Delshad Damle (Reliance) receive their Best AMC - Customer Service Awards from Bharat Phatak, Wealth Managers (India), Pune and Christopher Louzado, InTrust Advisors, Pune
Best AMC - Distributor Training
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include quality, frequency and coverage of training programs conducted, visibility of a structured calender of training programs, relevance of programs to current business challenges, quality of trainers, responsiveness to structure programs to meet new requirements like evolving from distributors to advisors"
Nominations
A total of 18 AMCs received nominations.
The top 5 nominees (in alphabetical order ) :
|
Fidelity International |
And the winners …. Best AMC - Distributor Training - 2010
|
3rd Position : Fidelity International |
Anil Rego of Right Horizons, Bangalore announces the winners of the Best AMC - Distributor Training Award
Anurag Lidhoo (Franklin Templeton), Suraj Kaeley and Shri Harsha K (Fidelity International) and Saugata Chatterjee and Pratap Aditya Chakraborthy (Reliance Capital) receive their awards for Best AMC - Distributor Training from Anil Rego of Right Horizons, Bangalore and Lovaii Navlakhi of International Money Matters, Bangalore
Best AMC - Business Ethics
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include integrity and consistency in business dealings, a customer-first oriented approach, transparency and consistency in policies, demonstrating the highest levels of ethics that are critical in this fiduciary business"
Nominations
A total of 18 AMCs received nominations.
The top 5 nominees (in alphabetical order ) :
|
DSP Blackrock |
And the winners …. Best AMC - Business Ethics - 2010
|
3rd Position : DSP Blackrock |
Lovaii Navlakhi of International Money Matters, Bangalore announces the winners of the Best AMC - Business Ethics Award
Anil Bamboli (HDFC), Ajit Menon (DSP Blackrock) and Pesi Dastoor (Franklin Templeton) receive their awards for Best AMC - Business Ethics from Lovaii Navlakhi, International Money Matters, Bangalore and Anil Rego, Right Horizons, Bangalore
Best National Sales Head
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include demonstrating a true partnership approach rather than a transaction oriented approach in building distribution relationships, inspiring a drive to deliver results, championing right selling within his/her team as well as with distribution partners and leading the effort to help distributors evolve into advisors"
Nominations
A total of 23 Sales Heads received nominations.
The top 5 nominees (in alphabetical order ) :
|
Gaurab Parija, Franklin Templeton |
And the winners …. Best National Sales Head - 2010
|
3rd Position : Kiran Kaushik, HDFC |
Neeraj Choksi, NJ India Invest, Surat announces the winners of the Best National Sales Head Award
Himanshu Vyapak is delighted to win this coveted award - and so are the audience……
Himanshu Vyapak (Reliance Capital), Kiran Kaushik (HDFC) and Kalpen Parekh (IDFC) receive their Best National Sales Head Awards from Neeraj Choksi of NJ India Invest, Surat and Rajiv Deep Bajaj of Bajaj Capital, Delhi
Best C E O
This is what we asked the participants to consider when making their nominations : "Factors you may consider can include demonstrating leadership at industry forums to grow the business, interface with regulators and media to position the industry appropriately, be a champion of best practices across all aspects of the fund management business, articulate crisp plans and drive execution, inspire trust and confidence in the brand that he/she represents - from all stakeholders - investors, distribution partners, team members, media. "
Nominations
A total of 19 AMC CEOs received nominations.
The top 5 nominees (in alphabetical order ) :
|
Ashu Suyash, Fidelity International |
And the winners …. Best C E O - 2010
|
3rd Position : U K Sinha, UTI |
Rajiv Deep Bajaj of Bajaj Capital, Delhi announces the winners of the Best CEO Award
The ever modest and composed Milind Barve walks up to receive the most coveted award of the evening
Milind Barve (HDFC) and Sundeep Sikka (Reliance Capital) receive their Best CEO Awards from Rajiv Deep Bajaj of Bajaj Capital, Delhi and Neeraj Choksi of NJ India Invest, Surat
And then, the party began…..
Christopher Spelman, CEO, JP Morgan India AMC shares a light moment with Sanjay Shah, Prudent Corporate Advisory, Ahmedabad and Arindam Ghosh, National Sales Head of JP Morgan India AMC
The star of the evening - Prashant Jain of HDFC was surrounded by his advisor fans for the better part of the evening.
Christopher Louzado of InTrust Advisors, Pune shares a laugh with Sundeep Sikka and Sunil Singhania of Reliance Capital
Time to catch up with old pals - JP Singh of Morgan Stanley AMC with Sanjay Sondhi of Pegasus Advisory, Delhi and Manmeet Khurana of ICICI Securities
A Balasubramaniam, CEO, Birla Sun Life AMC (back to the camera) has a word with Vijay Venkatram, Director, Wealth Forum, with Manish Dangi of Birla Sun Life AMC and K N Shridharan of Wealth Creators, Bangalore looking on
Two big winners deep in conversation - Neeraj Choksi, who swept the National Distributor category awards in the Wealth Forum Advisor Awards with Milind Barve of HDFC AMC. Looking on is Lalit Somani from Hyderabad.
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