Bajaj Finserv: 6 of 8 equity funds at 4-5 stars; UTI 2 of 18

The question

Star ratings are given fund by fund, but they can also be added up by fund house. Take every Direct Growth equity fund that has a rating on 21 October 2026 (546 funds across 46 fund houses; ETFs, segregated portfolios and IDCW twins excluded) and count how many of each house's funds sit at four or five stars. Overall, 181 of the 546 funds (33.2%) are at four or five stars, so a house at 33% is average.

Thirty houses have at least eight rated equity funds. In rank order:

What stands out

• Houses with few rated funds top the list. Bajaj Finserv has eight rated equity funds, so each one is 12.5 points of its percentage; WhiteOak has twelve.
• ICICI Prudential combines size and spread. With 36 rated equity funds it has the most, and 20 of them are at four or five stars; only 6 sit at one or two.
• HDFC has a barbell shape: 5 five-star funds and 10 one-or-two-star funds out of 22. Axis shows a similar split (4 five-star, 7 low out of 17).
• Sundaram and UTI have the largest low-rated groups. Sundaram has 14 of 22 at one or two stars; UTI has 11 of 18; Aditya Birla Sun Life has 11 of 25.
• Canara Robeco and ITI have no low-rated funds at all: zero at one or two stars out of 12 each.

Why share is not the same as skill

A fund is rated against the other funds in its own sub-category. That has two consequences for a house-level tally:

1. A house's mix matters. A house with many funds in a category where many peers are strong will find its funds crowded to lower stars, however good the funds are in absolute terms.
2. Index-like and sector funds are rated too. A house heavy in thematic or sector products will see its tally move with those groups' fortunes in the current market.

Stars are also dated. The rating moves when a fund's three-year window moves, so a house that had a strong 2023 may look different on the next recompute. For the underlying method, see how the star ratings are calculated; for the relationship between stars and returns, see the 5-star versus 1-star comparison. A different cut of the same question, which uses the three-year median instead, is the fund house report card.

Using this on the site

Each fund house has a page, and the AMC comparison guide explains how to read it. In the screener you can filter to a house and a star rating to see which funds make up each count above.

Figures are from the WealthTicker database as of 21 October 2026. They describe the present rating mix and are not a recommendation of any fund house.