Tata Mutual Fund has had a long track record of winning awards for the outstanding performance of its schemes. Five schemes of Tata Mutual Fund across various categories (equity / balanced / debt) have recently won awards in their respective categories.

• Tata Balanced Fund has been awarded the Gold Award for Best Performance in the category Open-ended Balanced for one-year period and has been ranked as ‘A Seven Star Fund’.

• Tata Short Term Bond Fund has been awarded the Gold Award for Best Performance in the category Open-ended Liquid Plus for three-year period and has been ranked as ‘A Seven Star Fund’.

• Tata Gilt Securities Fund Short Maturity Plan has been awarded the Gold Award for Best Performance in the category of Open-ended Gilt for one-year period and has been ranked as ‘A Seven Star Fund’.

• Tata Equity Opportunities Fund has been ranked as ‘A Five Star Fund’ indicating performance among the top 10 per cent in the category of ‘Open ended Diversified Equity – Defensive’ for one-year period.

• Tata Income Fund has been ranked as ‘A Five Star Fund’ indicating performance among the top 10 per cent in the category ‘Open Ended Debt – Long Term’ for three-year period.

• In addition to the above awards, Tata Infrastructure Fund, Tata Gilt Securities Fund – Short Maturity, Tata Liquid SHIP and Tata Short-Term Bond Fund have been rated as 5-star funds by Value Research.

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 efforts in the last five years in providing our investors with best-in-class research and fund management services."

The schemes are ranked using the methodology developed jointly by ICRA and ICRA online. Value Research Fund ratings are a composite measure of historical risk-adjusted returns.