Women’s Day Special: Rs 2,000 billion assets ride on shoulders of 18 women money managers

Women are indeed hugely under-represented in Indian equity market, and also in global equity markets.

But the few women, who manage around Rs 2,00,000 crore of investor wealth on Dalal Street, have been fairly consistent in delivering returns across market cycles, which make them stand out

On the International Women’s Day, Morningstar published a brief profile of the best of the best women fund managers from India’s mutual fund industry. According to the report, as much as 18 women fund managers handle schemes either as primary or secondary managers or as heads of equity/fixed income.

Morningstar India undertook a short study to evaluate gender diversity in the Indian mutual fund space. They found that women fund managers constitute about 7 per cent of the industry and manage a total of Rs 2,32,000 crore worth of assets out of Rs 17.89 lakh crore asset under management of the mutual fund industry.

his is much below global standards, with women being named fund managers at a relatively higher rate in places like Hong Kong, Singapore, France, Spain and Israel. At least 20 per cent of fund managers are women in these markets.

As a part of the study, Morningstar found women fund managers tend to be fairly consistent in delivering returns.

Out of the total assets managed by women fund managers, 80 per cent of the AUM outperformed the benchmarks or peer group average over one year basis, 71 per cent over three years and 72 per cent over five years, it said.

This has demonstrated the capability of women in driving consistent performance through multiple market cycles and in remaining in the top quadrant BSE 0.32 %.

Some women fund managers such as Lakshmi Iyer, Anju Chhajer and Sunaina Da Cunha contribute significantly to the total assets managed cumulatively as primary and secondary managers of their funds. Fund managers such as Roshi Jain, Sohini Andani and Swati Kulkarni have been widely known and appreciated based on individual styles and stock picks.

VISIT - PROFIT STREET



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