Morningstar rates all of Edelweiss Tokio Life Insurance's funds 5 Stars
Morningstar is a global leader in rating fund performance across mutual funds and ULIP funds.
The six (6) funds that are rated 5 star are Edelweiss Tokio Life - Equity Top 250, Edelweiss Tokio Life - Equity Large Cap Fund, Edelweiss Tokio Life - PE Based Fund, Edelweiss Tokio Life - Managed Fund, Edelweiss Tokio Life - Money Market Fund and Edelweiss Tokio Life - Bond Fund.
Morningstar rankings ranges from one to five stars, with one being the poorest rank and five being the best, given to ULIP funds in the insurance category.
5 Star rating is reserved for the top 10 percentile of the funds, which indicates the top performing funds in specific asset categories such as equity, debt, P/E, etc. Only funds which are 3 years old are considered for the ratings to ensure that funds with vintage and consistent performance are ranked. This rating is given to the top 10% funds in terms of performance in a specific category.
Commenting on the ratings that the funds have received, Deepak Mittal, CEO& MD, Edelweiss Tokio Life Insurance Company Limited said, “All our 6 individual ULIP funds have been given top rating of 5 Star by Morningstar Research. From 500 eligible funds in the category only 10% are rated 5 Star by Morningstar – whereas we have a 100% record.”
The Morningstar rating methodology judge funds, or unit-linked insurance portfolios, is based on the 'Morningstar Risk-Adjusted Return' measure. The funds are rated for performance over a 3 year, 5 year and 10 year period.