Parag Parikh awarded best flexicap fund, Edelweiss MF is best asset manager: Morningstar Awards

Synopsis

Morningstar announced 2026 India award winners, honouring top-performing mutual funds and asset managers. Parag Parikh Flexi Cap Fund and Edelweiss Asset Management led, alongside category winners across equity and debt segments for consistent risk-adjusted returns.

Morningstar today announced the winners for the Morningstar Awards for Investing Excellence India 2026 and Parag Parikh Flexi Cap Fund has been awarded as the best flexi cap fund and Edelweiss Asset Management has been recognised as the best asset manager, according to a press release.

The awards recognise funds and asset managers that have served investors well over the long term and which Morningstar’s manager research team believes will be able to deliver strong risk-adjusted returns over time.

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There are two types of Morningstar awards: the Morningstar Category Awards and the Morningstar Asset Manager Awards.

Kotak Corporate Bond Fund has been awarded as the best corporate bond fund, Nippon India Large Cap Fund has been recognised as the best fund in the large cap category.

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Two funds from ICICI Prudential Mutual Fund - ICICI Prudential All Seasons Bond Fund and ICICI Prudential Short Term Fund - have been recognised as the best medium to long duration fund and short duration fund respectively.

HDFC Mid Cap Fund, the second largest mid cap fund based on assets, has been awarded as the best fund in the mid cap category.

“Congratulations to the winners and finalists of the Morningstar Awards for Investing Excellence Awards 2026, which recognise the outstanding fund offerings and groups within the industry. Markets continue to be volatile in the backdrop of geopolitical shifts and tariff wars,” said Kaustubh Belapurkar, Director of Manager Research India.

Our analysts have carefully chosen funds across equity and fixed income categories that have demonstrated superior risk adjusted returns across market cycles, leveraging Morningstar’s forward-looking ratings to identify the leading funds for investors in India,” Belapurkar further said.

Also Read | Are multiple large & midcap funds hurting your portfolio? Expert suggests tweaks to reach Rs 1.5 crore goal in 15 years

Methodology

These awards are determined by a combination of risk-adjusted medium- to long-term performance track records and Morningstar’s forward-looking rating for funds, the Morningstar Medalist Rating including its Parent pillar component. The Medalist Rating is set on a five-tier scale running from Gold, Silver, Bronze, Neutral and Negative at the share class level. The full methodology for the awards is available here.

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