How to become a mutual fund manager in India

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A portfolio manager usually oversees a team of senior financial analysts who produce analytical reports and recommendations to inform strategy formation and investment decisions. Five years experience as portfolio manager or stock broker or investment manager or in the areas related to fund management. Until now, Jain has performed an incredible balancing act. “Prashant Jain is one of the most balanced fund managers you can come across in the country,” says Hansi Mehrotra, investment consultant, Mercer. “He has delivered high returns with low risks. If you look at all the risk and return parameters, he comes off as a winner. He is truly consistent in his performance,” she continues.

  • Axis AMC’s Senior Fund Manager is Shreyash Devalkar.
  • He manages the corpus collected from lakhs of individuals and invests as per the fund’s objective.
  • However, they stop responding when client demands return of amount invested and profit earned.
  • Apart from professional knowledge, he or she should also be experienced.

More importantly, it can give you an edge over others as you start vying for a more senior role on your way to becoming a fund manager. Most fund managers are highly educated, have professional credentials, and possess management experience. The fund manager’s main duties include meeting with their team, as well as existing and potential clients. Since the fund manager is responsible for the success of the fund, they must also research companies, and study the financial industry and the economy.

Hedge fund manager is a good choice of career for a candidate who is motivated to earn money and lead a lavish lifestyle. There are certain demerits that come with the job such as stress, pressure, long working hours, inconsistent market conditions etc. Plus, you have to develop an immense level of competency and skill to get into the field. However, professionals who are excited about the prospects of a lavish lifestyle find it easy to ignore the demerits and work hard to achieve their goals. Further, depending on the skills of a professional and their company, a hedge fund manager can make around Rs. 40 LPA.

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He is an author of published works for higher education and business clients. Creating reports illustrating the success of their investments and proposing new investments that could enhance the client’s portfolio. All investments indicated in the certified annual accounts are held in the name of the company only. If not, details of such holdings may be forwarded. The risk management is important as anytime the company may suffer from acute losses which you will have to handle.

The fund can be managed by one person, by two people as co-managers, or by a team of three or more people. Naren is in charge of the investment functions for both the international advisory business and mutual funds. He has played a vital role in the company’s development and implementation of its overall investment strategy. Additionally, successful fund managers might have gotten there by luck and media savvy alone. The firms that manage a small number of funds or the experts who specialize in a single field are more highly likely to have the proper investing mindset.

Buyout investors may also look to make investments in growth equity, and managers primarily concerned with consumer segments may now expand their focus to include healthcare organizations. Existing managers are diversifying into new asset classes, industry sectors, and strategies as more capital flows into leveraged buyouts and private markets are established. If you’ve ever read through a mutual fund scheme document, you’ve undoubtedly seen the smiling face of a fund manager, along with a concise summary of his education and experience.

Who is a Fund Manager?

A fund manager daily job routine involves providing advise and recommendations on the fund management for a client’s financial asset to ensure profitability and better returns. People having fund manager qualifications india years of experience in mutual fund analysis and equity research can look forward to becoming a mutual fund manager. The salary range of a mutual fund analyst varies based on experience.

fund manager qualifications india

If you still have any queries about the mutual fund manager career, write to me in the ‘Comments’ section below. A practical career graph planning will help you become a successful mutual fund manager. The fund manager needs to have the ability to work independently, but also within an interdisciplinary team that includes investment experts, data analysts and software developers. So, if you want to make a career in mutual fund analysis, have required skill sets, right attitude with educational qualifications, you can surely look forward to a long term career. You can start your career by completing a bachelor’s degree in financial management.

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NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance. Best fund managers have access to timely information, strategies, trading ideas, and sound investment principles.

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He doesn’t take undue risk, sticks to his conviction, and is incredibly diligent about his research. No wonder the market wonders how he goes on and on and on. Some market experts reckon this is the tipping point–and wonder whether Jain can retain his winning streak. “As the fund size grows, it will be tough to maintain returns without compromising on liquidity,” says Sanjoy Bhattacharyya, partner, Fortuna Capital. Managers were ranked on the basis of risk-adjusted returns. The winners are chosen based on their ability to generate risk-adjusted alpha on a consistent basis.

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Check out the best careers option after law and average salary. A senior fund manager earns an average annual salary of Rs. 2,496,000 per annum, according to Yes, a fund manager usually works from morning to evening in day shift business hours. Individuals who opt for a career as a fund manager may often be required to work till late evenings.

Only diversified equity funds were considered for analysis. For the applicable universe, Morningstar categories – Large-Cap, Mid & Small Cap (Mid-Cap, Small-Cap), Multi-Cap (Multi-Cap, Large & Mid-Cap & ELSS) were considered. No index, thematic, sector or balanced funds were considered. Also a personal finance blogger with experience in financial planning and crowdfunding sector. On the contrary, the fund manager is the backbone of the strategy and philosophy of a scheme. A change in the fund manager may bring about a change in the investment methods and stock selection.

About The Top Fund Manager In India

This helps them steer the fund in the right direction through market ups and downs. There are fixed hours of functioning of the stock market. On several occasions, trading activities may be announced on usual holidays or shut down hours.

Chirag Setalvad – Senior Fund Manager – HDFC Mutual Fund

When expanded it provides a list of search options that will switch the search inputs to match the current selection. As for investors, they’re simply hoping he’s right. Using this process, Jain has already picked his winners over the next five years. As a big bull, he has taken positions on sectors that are directly linked with the growth of India. Even though every analyst gets a balance sheet, some don’t study it thoroughly.

So, it is also important to learn about risk management. Jain says he is now concentrating on banks, media and consumer goods as his picks for the future. He likes pharma stocks too, but hasn’t figured out the long-term potential of the industry. As a leader, Jain also ensures the fund and the team sticks to quality and remains true to the mandate of the fund. He insists the team spends a long time on research, talks to analysts, studies competitors and even talk to people who do not agree with their view. No mutual fund has ever faced this dilemma in India.