Indian MF industry adds just two women fund managers in a year

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NEW DELHI: If you might be dreaming of an equal participation of women in the monetary providers industry, maybe you might be born means too early as that day could be far off in the longer term given the present tempo of development in inclusiveness.

A Morningstar evaluation of Indian mutual fund industry exhibits the variety of feminine fund managers stays dismal. The quantity rose by just two final year, towards 22 in case of males.

“When it comes to gender diversity, the latest findings of our report show of the 376 fund managers operating in the industry, only 30 are women, who are managing funds either as primary/secondary managers or have oversight as heads of equity and debt. The total count of women fund managers has increased from 28 last year to 30 this year,” mentioned the report.

The 30 women fund managers had been unfold throughout 19 fund homes, with two fund homes having three or extra women fund managers, six fund homes had two and 11 others had no less than one feminine fund supervisor.

Last year, the overall fund supervisor depend stood at 352, 24 lower than this year. With a meagre 8 per cent illustration as of January 31, women nonetheless stay drastically under-represented among the many ranks of mutual fund managers, Morningstar mentioned.

These 30 women fund managers managed Rs 4,11,470 crore value of belongings, which is 13.5 per cent of the overall asset managed by the industry.

ETMarkets.com

The whole belongings managed by women fund managers have elevated over the previous few years.

“Over the last few years, while assets managed by women grew, in percentage terms of the overall industry assets, this number has not been something to boast about,” the report mentioned.

Out of the all MF belongings managed by women, roughly 43 per cent had been fastened revenue funds (excluding cash market, liquid and in a single day funds), 26.6 per cent had been cash market, liquid and in a single day funds, 25.1 per cent had been fairness funds, 4.5 per cent had been allocation funds and the answer and different class cumulated to 0.7 per cent.

The report confirmed that out of the overall open-ended belongings managed by women fund managers, 80 per cent outperformed the peer group common on a one-year foundation, 80 per cent of the AUM outperformed on a three-year foundation and 74 per cent outperformed on a five-year foundation — a feat actually value commending.

However, there may be actually a rise in the variety of women fund managers in the industry. When the identical report got here in 2017, there have been solely 18 women fund managers. This elevated to 24 in 2018, 29 in 2019, then fell to twenty-eight in 2020, and once more elevated to 30 in 2021.

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