The year 2020 will be hard to forget due to the worst pandemic in a century. The stock market remained turbulent throughout, but plotted a V-shaped recovery to end the year at an all-time high. The Nifty closed 2020 at the threshold of 14,000, a solid 85 per cent surge from the low of 7,610 in March. Mid and small caps, which had been lagging for almost three years in a row, shot up to become the best performers. The Reserve Bank of India’s (RBI’s) infusion of liquidity into the system cheered bond markets as well. Riding out the market roller-coaster, some fund managers delivered extraordinary risk-adjusted returns while showing consistency in their performance.
The 8th edition of Business Today-Money Today (BT-MT) Financial Awards identified institutions in mutual fund, insurance and pension fund segments which, beating all the odds, stood as the top performers. From investors’ perspective, these institutions did remarkably well in building their wealth within a controlled risk environment.
The BT-MT Awards had 14 categories. ICRA Online was the data partner for identifying nominees in mutual funds and Policybazaar was the knowledge partner for shortlisting candidates in the insurance segment. Money Today did in-house research to identify pension fund nominees.
An eminent jury finalised the winners. G.N. Bajpai, Former Chairman, Sebi and LIC, was the Chairman of the jury. Other members included Ashish Gumashta, CEO, Julius Baer Wealth Advisors India; Dinesh Thakkar, Chairman and Managing Director, Angel Broking; Hiren Ved, Co-Founder and Whole-Time Director, Alchemy Capital; and Vivek Rege, Founder & CEO, V.R. Wealth Advisors.
The jury went through the nominations and selected the final winners after extensive deliberations.
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