Fund Manager | There are 399 mutual fund managers in India, but only 8% of them are women – The Economic Times

While women are taking charge in all walks of life, the mutual fund industry has a lot of work to do. A Morningstar India study shows that there are only 32 women fund managers in India. There are 399 fund managers in the Indian mutual fund industry. These 32 women fund managers are managing funds either as primary / secondary managers or have oversight as heads of equity / debt. Last year, this count was 30.

Interestingly, the total number of fund managers saw a healthy increase this year. The head count was 376 in the last year. With a meager 8% representation, women still remain under-represented among the ranks of mutual fund managers. That said, the representation in percentage terms has been on the rise over the last two years , albeit marginally.

In 2017, there were only 18 women fund managers in the industry. This increased to 24 in 2018, 29 in 2019, then reduced to 28 in 2020 and again increased to 30 in 2021 , followed by 32 in 2022.

According to the morningstar report, the total open and close-end assets managed by women fund managers is approximately Rs 4.55 lakh crore, which is 12% of the total mutual fund assets. Over the last few years, while the assets managed by women are on the rise, in percentage terms of the overall industry assets, this number has not been something to boast about. Last year, this number was 13.5%.

From the perspective of assets managed across various asset classes, out of the total open and close-end fund assets managed by women (4.55 lakh crore), approximately Rs 2.19 lakh crore (48%) were fixed income funds (excluding Money market, Liquid and Overnight Funds), Rs 0.81 lakh crore (18%) were money market funds, liquid and overnight funds, Rs 1.12 lakh crore (25%) were equity funds, Rs 0.39 lakh crore (9%) were allocation funds and the solution and other category cumulated to 0.02 lakh crore (0.6%).

The report shows that out of the total open-ended assets managed by women fund managers, 69% of the AUM outperformed the peer group average on a one-year basis, 96% of the AUM outperformed on a three-year basis and 69% of the AUM outperformed on a five-year basis.

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