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All You Need to Know About Top Fund Managers in India 2024

All You Need to Know About Top Fund Managers in India 2024
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Picture this: a room full of analysts with calculators in one hand and coffee cups in the other, debating over whether to invest in tech stocks or stick with the classics. And there you see the smiling face of a fund manager, a seasoned professional with a track record that speaks volumes. Now, let’s read on to learn more about the top fund managers in India, we have listed for a successful fund management process

Who is a Fund Manager in Mutual Funds?

A fund manager is a financial professional or entity responsible for implementing investment strategies and managing portfolio trading activities. The fund management can be done by one person or a team of people. 

Fund managers receive compensation in the form of a fee, typically calculated as a percentage of the average assets under management (AUM) in the fund they oversee. These professionals can be found operating within the realm of fund management, serving various financial entities such as mutual funds, pension funds, trust funds, and hedge funds.

Although market forces significantly influence a fund’s performance in terms of rolling and trailing returns, the manager’s expertise also plays a role. A well-trained manager can outperform both its competitors and benchmark indexes. Managers of this nature are often referred to as active or alpha managers, in contrast to those who adopt a more passive approach, known as passive fund managers.

Top 10 Fund Managers in India 2024

Here is a list of the best mutual fund managers in India 2024.

Fund Manager NameMutual Fund NameAUM (in cr)Number of SchemesTotal Experience
Jinesh GopaniAxis Mutual Fund₹58,601 1220 years
Aniruddha NahaPGIM India Mutual Fund₹12,503 Cr1218+ years
R. SrinivasanSBI Mutual Fund₹1,14,343 Cr1426 years
Sankaran NarenICICI Prudential Mutual Fund₹1,23,053 Cr3326 years
Jinesh GopaniEquities - Axis Mutual Fund₹54,466 Cr2417 years
Sohini AndaniSBI Mutual Fund₹36,724 Cr423 years
Manish GunawanNippon India Mutual Fund₹22,395 Cr1220+ years
Harsha UpadhyayaKotak Mahindra Mutual Fund₹50,059 Cr1423 years
Chandraprakash PadiyarTata Mutual Fund₹7,906 Cr1019 years
Ankit AgarwalUTI Mutual Fund₹8,167 Cr5 15+ years
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

Roles & Responsibilities of Fund Managers in India

As stated above, a portfolio fund manager India’s primary role involves overseeing a fund’s portfolio to meet its goals. Therefore, the best portfolio managers in India  responsibilities encompasses the following key aspects:

  • Securities Selection: Fund managers play a crucial role in deciding which securities to include in the portfolio. They conduct thorough research to make informed choices. Periodically, they may also replace holdings with better options and determine when to sell.
  • Risk Management: The best fund managers in India are accountable for managing the risk within the portfolio. They ensure that the overall risk aligns with the fund’s objectives and mandate.
  • Performance Tracking: Fund managers consistently monitor their fund’s performance and may opt to divest from underperforming securities like undervalued stocks. Their objective is to achieve superior returns compared to the benchmark and potentially their peers.
  • Compliance Assurance: Regulatory authorities like SEBI (Securities Exchange Board of India) establish policies and regulations governing mutual funds. Fund managers must ensure that the fund complies with all applicable regulations falling under their jurisdiction.

Factors to Consider Before Choosing a Mutual Fund Manager

When it comes to selecting the right mutual fund manager, prudent decisions revolve around astute portfolio management and investing prowess. Here, we delve into the essential factors that should shape your choice.

  • Investment Goals and Risk Appetite: Begin by assessing your investment objectives and tolerance for risk. Ensure that the manager’s strategy and style align with your financial goals,  comfort level and portfolio diversification.
  • Track Record of Performance: Evaluate the manager’s historical performance over various market conditions. Look for consistent returns and compare their track record to benchmarks and peers.
  • Investment Philosophy and Approach: Understand the manager’s investment philosophy and strategy. Verify that it matches your own expectations, whether it involves active stock selection or passive index tracking.
  • Fees and Expenses: Scrutinise the mutual fund’s costs, including the expense ratio and any sales charges. Lower fees can have a significant impact on your long-term returns.
  • Communication and Transparency: Examine the manager’s communication style and transparency. Regular reporting and clear disclosure of the fund’s holdings and strategy are important for informed investing.
  • Manager Experience and Stability: Assess the manager’s experience, especially in the asset classes or sectors you’re interested in. Consider the stability of the management team and their commitment to the fund.

How to Become a Fund Manager in India?

To become a fund manager, you typically need to have a bachelor’s degree in finance, economics, or a related field. Many fund managers also have a master’s degree in business administration (MBA) with a concentration in finance.

Here are some specific steps you can take to become the best fund manager in India:

  • Get a bachelor’s degree in finance, economics, or a related field. This will give you a strong foundation in the principles of financial markets and investment management.
  • Gain practical experience in the financial sector. Work as a financial analyst, investment banker, or portfolio analyst to build your knowledge and skills.
  • Consider pursuing a professional certification, such as the Chartered Financial Analyst (CFA) designation. This certification showcases your expertise in financial markets and investment management, enhancing your prospects.
  • Apply for fund manager jobs. Be sure to tailor your resume and cover letter to each job you apply for.

Difference Between Active vs Passive Manager

As discussed earlier, the behavioural nature of the fund manager makes them active or passive managers. Therefore, let’s discuss the stark differences between the two.

FactorActive ManagerPassive Manager
Investment ObjectiveTo outperform a benchmark indexTo match the performance of a benchmark index
Investment StyleMakes frequent buying and selling decisions to try to beat the market.Buys and holds securities that are included in a benchmark index.
FeesTypically charges higher fees than passive managersTypically charges lower fees than active managers
RiskGenerally takes on more risk than passive managersGenerally takes on less risk than active managers
Expected ReturnsHas the potential to outperform the market, but also the potential to underperformCan be expected to match the performance of the market, minus fees.

To Wrap It Up…

In conclusion, the top mutual funds managers in India play a pivotal role in the world of investments, guiding portfolios towards financial goals and safeguarding against market turbulence. Their expertise, experience, and the strategies they employ are critical factors that can significantly impact the success of an investment fund.

FAQs

1. How is mutual fund manager different from the best mutual fund advisor in India?

The basic difference between a financial advisor and the best mutual fund manager in India is that a mutual fund advisor helps investors choose and invest in mutual funds, while a fund manager manages the investments of a mutual fund.

2. What makes a good mutual fund manager?

A good mutual fund manager has a proven track record of success, a deep understanding of the financial markets, and a strong investment philosophy. They are also able to communicate their investment strategy effectively to clients and investors.

3. How do mutual fund managers invest?

Mutual fund managers invest in a variety of assets such as stocks, bonds, and cash using their expertise and risk management strategies.

4. How do fund managers decide where to invest? 

Fund managers analyze financial data and fundamentals to identify undervalued securities with growth potential.