Mumbai: ICICI Prudential AMC has won an award for the best debt fund house for a three-year performance from investment research firm Morning Star.
The award has been given for delivering sustained out-performance on a risk-adjusted basis across the fund line-ups in the debt category for the period ending 31 December, 2008, a release today said.
“It is a true honour receiving these awards from an organisation of international repute like Morning Star. These awards are an endorsement of our consistent endeavour to deliver sustained risk-adjusted returns to our investors,” ICICI Prudential AMC’s managing director Nimesh Shah said.
The Morning Star awards aim to recognise those funds that have delivered superior performance, but also had delivered strong risk-adjusted returns for investors over the long-haul, relative to appropriate benchmarks.
Morning Star is a leading provider of independent investment research in North America, Europe, Australia and Asia.