Why these 3 funds are “Under Review”

Jan 04, 2023
 

Morningstar analysts assign ratings for funds using various parameters.

The supreme rating is a Gold, followed by Silver, Bronze, Neutral and Negative. To understand what this means, do read What the rating indicates.

"Under Review" indicates a change in the fund that merits a fresh review.

Currently, these are the funds placed under review. They shall be assigned a new rating shortly.

HDFC Balanced Advantage

  • Star Rating: 5 stars
  • Category: Dynamic Asset Allocation
  • Analyst: Himanshu Srivastava
  • Analyst Rating: Under Review

Prashant Jain has been at the helm since the fund’s inception in February 1994, even though it passed through various asset management companies (Twentieth Century Asset Management, Zurich India Asset Management and HDFC Asset Management). Post Prashant’s exit in 2022, the fund has been placed under review.

ICICI Prudential MidCap

  • Star Rating: 3 stars
  • Category: Mid Cap
  • Analyst: Melvyn Santarita
  • Analyst Rating: Under Review

The fund has seen multiple changes at the helm, which resulted in frequent portfolio restructurings. We hoped to see stability with Prakash Goel who took over the fund in May 2020. His exit as the funds manager has led us to put it under review.

Nippon India Growth

  • Star Rating: 3 stars
  • Category: Mid Cap
  • Analyst: Himanshu Srivastava
  • Analyst Rating: Under Review

The fund has witnessed several upheavals in its long history. It was Manish Gunwani who gave the fund stability and the fund was upgraded to a Silver (Direct) and Bronze (Regular) rating. Manish’s exit has resulted in the fund being placed under review.

You can click on the name of the fund to access more details. All fund analyst reports can be accessed here.    
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