Tata Mutual Fund's commitment to providing best research and fund management services was recently highlighted with three of its schemes winning awards

Three schemes of Tata Mutual Fund have recently won awards in their respective categories:

• Tata Infrastructure Fund has been ranked ICRA - MFR 1 and has been awarded the Gold Award for best performance in the open-ended diversified equity category. The rank indicates performance within the top 10 per cent of the stated category.
• Tata Income Fund has been ranked ICRA - MFR 1 and has been awarded the Gold Award for Best Performance in the open-ended debt - long term category, for its 3 year performance till December 31, 2006.
• Tata Liquid Fund, SHIP, has been awarded the Crisil Mutual Fund Award 2007 in the liquid fund, institutional category.

Speaking on this occasion, Ved Prakash Chaturvedi, managing director, Tata Asset Management, said, "We are delighted on receiving these prestigious awards. It is a reflection of our strong commitment to providing our investors with best in class research and fund management services."

Tata Asset Management. is a leading player in the mutual fund arena and offers a wide array of products across the risk-reward spectrum for every financial need at various life stages. The overall AUM of the company stood at Rs 16741.01 crore as on Feb 28, 2007. Tata Mutual Fund currently has 75 touch-points with over 11,00,000 investors across the country.

ICRA awards selection method

The ranks are an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, sector concentration, portfolio turnover, liquidity, company concentration and average maturity. The ranking methodology did not take into account entry and exit loads imposed by the fund. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of Tata Infrastructure Fund / Tata Income Fund.

Ranking source and publisher: ICRA Online

Crisil awards selection method

The eligible schemes are scaled with the best score for each quarter. The average scaled scores constitute the parametric scores. The final weighted average score for each scheme is arrived by applying an assigned weightage to each of the parametric scores. The number of awards in a category is based on the number of schemes qualifying in the top 10 percentile subject to a maximum of three awards.