The Awards will use the world-renowned ranking system of Moody's Investors Service to evaluate the Mutual Fund Schemes existing in India today. SEBI chairman G N Bajpai will be the guest of honour. Also, a special address from Indian finance minister Jaswant Singh, will also be aired for those present.

The Mutual Fund of The Year Awards (MFA), were launched by CNBC-TV18 and BNP Paribas in February 2001. A host of awards, including the Fund House of the Year Awards, will seek to honour the outstanding funds, fund houses and fund managers.

Apart from the leaders of the various fund houses, luminaries from the rest of the financial services sector including senior regulators, leading economists, and analysts will also be present at the Awards.

Commenting on the occasion, CNBC-TV18's CEO Haresh Chawla said, "The Mutual Fund of the Year Awards have become the most respected honours of their kind. This is the first time we are seeing such a secular boom in the economy and as Indian investors turn slowly, but surely, towards professional money managers to manage their wealth, it definitely augurs well for Mutual Funds. Coming at this critical juncture, the Awards ceremony will seek to honour the best performers of last year and serve as a guide to the best managed funds for millions of investors."

Also present at the awards will be Guinness World Record holder and co-founder of the Quantum Fund and legendary investor Jim Rogers. Dubbed "the Indiana Jones of finance" by Time Magazine, Rogers travels the world, gaining unrivalled knowledge of markets across the globe, and writing New York Times bestsellers such as "Investment Biker" and "Adventure Capitalist." At the ceremony, Rogers will share with the audience insights on, and learnings from, the Indian and global financial markets.