Women Fund Managers Handle 13.5% Of MF Assets In India

There are 30 women fund managers who are managing funds either as a primary or secondary or oversights as being head of equity or debt funds, says Morningstar India’s report on Women Fund Managers for 2021. The total count of women fund managers has increased to 30 from 28 last year, and are spread across 19 fund houses.

When it comes to tenure, 10 women fund managers have been able to manage the funds consistently for over five years. The research report reveals that women fund managers manage approximately Rs 4.11 lakh crore of assets which is approximately 13.5 per cent of the Indian mutual fund industry.

“Among the overall assets managed by women, 43 per cent of the assets were fixed funds (excluding overnight, money market and liquid funds), 26.6 per cent were overnight, money market and liquid funds, 25.1 per cent were equity funds, 4.5 per cent were allocation funds and 0.7 per cent were solution and other category of funds,” says the report.

Despite the pandemic and lockdown, the mutual fund industry assets have increased 9.5 per cent, with the total assets being managed at approximately Rs 30.50 lakh crore as on January 31, 2021, up from Rs 27.85 lakh crore a year earlier. These assets are managed by 376 fund managers across all fund houses.

“Our reports show that of the total open-ended assets managed by women fund managers, 80 per cent of the assets under management (AUM) outperformed the peer group average on a one-year basis, 80 per cent of the AUM outperformed on a three-year basis and 74 per cent of the AUM outperformed on a five-year basis – a feat truly worth commending,” adds the report.