Women fund managers at meagre 8% of industry count, says report

By: |
March 6, 2020 6:30 PM

Women fund managers handled about Rs 3.59 lakh crore of assets which is approximately 13 per cent of the Indian mutual fund industry.

women fund managers, fund managersOf the 352 fund managers, the number of women fund managers stood at 28 or 8 per cent. (Representative image: IE)

India has witnessed a slight drop in female representation in the fund managers space with women fund managers accounting for a meagre 8 per cent of the total number of managers in the country’s asset management industry, a study by Morningstar showed.

Of the 352 fund managers, the number of women fund managers stood at 28 or 8 per cent. The number of such female fund managers was 29 last year.

Women fund managers handled about Rs 3.59 lakh crore of assets which is approximately 13 per cent of the Indian mutual fund industry, the report noted.

Although, the total assets managed has gone up from Rs 3.41 lakh crore seen last year, in percentage terms this number has fallen from 15 per cent last year to 13 per cent of the overall industry assets base of Rs 27.85 lakh crore as of January 2020.

“With a meagre 8 per cent representation, women still remain drastically under-represented among the ranks of mutual fund managers,” the report added.

Of the total open-ended investor assets managed by women fund managers, 78 per cent of assets under management (AUM) have outperformed the peer group average over 1-year period. Over three-year, it is 72 per cent and 90 per cent over a five-year basis.

Major chunk of the overall assets managed by women fund managers are in debt funds (Rs 1.45 lakh crore or 40.5 per cent), followed by money market funds (34.5 per cent) and equity funds (Rs 79,000 crore or 22 per cent).

At present, there are 44 mutual fund houses, which manages assets to the tune of Rs 27.85 lakh crore.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Vivriti Capital gets Rs 100 crore boost by Creation Investments in Series B funding
2iPhone now lets you set Gmail as default email app, Chrome as preferred browser; how to setup and other details
3Geopolitical impact will be big risk for cos with global footprint: Ritesh Agarwal