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What Mutual Fund Managers do at work

What Mutual Fund Managers do at work

Q: What are the role responsibilities of an MF Manager?
A:
The core responsibilities involve taking investment decisions through interactions with brokers, company officials, market players, research specialists and other sources. He has to monitor the portfolio and review the performance of funds regularly. He has to work closely with the marketing department to share knowledge on funds, schemes and portfolios, dividend schedules. .

Q: Which institutions have mutual fund managers?
A: There are 43 AMCs that have mutual fund managers. Besides us, some of them are: Birla Sun Life Mutual Fund, LIC Mutual Fund, HDFC,Reliance, Kotak Mahindra, ICICI Prudential mutual funds.

Q: How long does it take for a fresher to graduate to MF manager?
A:
It takes approximately 12-15 years become a full-fledged MF manager. A fresh recruit’s career progression is thus: Research Analyst Senior Research Analyst , Assistant Fund Manager, Co Fund Manager,  Fund Manager.

Q: What are the challenges?
A:
For firms, retention at times becomes a challenge as small firms can afford to give better titles faster compared to the larger companies. In larger companies, the size of the Portfolio coupled with the performance of the fund plays an important factor. Large organisations are structured and need to respect the issues related to internal parity etc.

What Mutual Fund Managers do at work

Due diligence report format as required by RBI

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