There are two types of Morningstar awards: the Morningstar Category Awards and the Morningstar Asset Manager Awards.
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“Congratulations to the winners and finalists of the Morningstar Awards for Investing Excellence Awards 2025, which recognise the outstanding fund offerings and groups within the industry. Against the backdrop of geopolitical shifts and evolving markets, our analysts have carefully chosen the top performers across equity and fixed income categories, leveraging Morningstar’s forward-looking ratings to identify the leading funds for investors in India,” said Kaustubh Belapurkar, Director of Manager Research India.
The 2025 Morningstar Awards for Investing Excellence award winners in India are:

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Best Asset Manager Awards:

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.
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