CNBC-TV18 partners with MCX and CRISIL to honour Indian MF Industry

CNBC-TV18 in association with MCX Stock Exchange, India's new stock exchange and powered by CRISIL, India's leading ratings, research, risk and policy advisory company presents the 11th edition of Asia's benchmark mutual funds awards - The CNBC-TV18-CRISIL Mutual Fund of the Year Awards 2011. The aim of CNBC-TV18 CRISIL Mutual Fund Awards 2011 is to recognize and honour those mutual fund houses that have risen strongly after being tested by the economic turmoil during the financial crisis worldwide. These mutual fund houses have believed in long term sustainable wealth creation and thus have bounced back to lead the industry and take it to the next level. The CNBC-TV18 CRISIL Mutual Funds Awards 2011 will bring together global leaders from reputed fund houses and eminent luminaries from the financial services sector such as the senior regulators, leading economists and analysts on a common platform to chart the path to revival on February 21, 2011 at ITC Grand Central, Mumbai from 6.30pm onwards.

Speaking on the occasion, Udayan Mukherjee, Managing Editor, CNBC-TV18 said, "India's benchmark awards ' The CNBC-TV18 CRISIL Mutual Funds Awards 2011 with its illustrious 11th year legacy has strongly believed in felicitating those fund houses which have performed exceptionally well. These coveted awards seek to recognize the potential of such mutual funds that have not only met the expectations of their investors across the nation at all times but also regained their trust especially during the turbulent times of the world economic crisis."

Adding further, Joseph Massey, MD & CEO, MCX Stock Exchange (MCX-SX), said, "'The mutual fund industry in India, despite all the challenges it has faced, has played a very important role in taking our equity markets to the masses. MCX Stock Exchange (MCX-SX), since its inception, has been focusing on financial literacy and financial inclusion in India. We have been partnering with CNBC-TV18 since we started operations to recognise the great work that is being done by our mutual fund industry in broad-basing our markets. I congratulate all the winners and nominees of this award and hope that all of us collectively can grow the domestic retail participants in capital market."

The selection of the winners is based on a robust methodology powered by CRISIL. The eligibility criteria and methodology for the CNBC-TV18 CRISIL Mutual Fund of the Year Awards have been devised separately for each category and differs from one to the other.