Number of female fund managers rising slightly in India’s asset management industry: report

New Delhi, The number of female fund managers has increased slightly even though they represent only 8% of the total number of fund managers in the country’s asset management industry, according to a Morningstar report released on Friday. Of the 399 fund managers, the number of female fund managers was 32, or 8%. The number of such female fund managers was 30 last year.

Interestingly, the total number of fund managers has seen a strong increase this year, compared to 376 managers last year.

Women fund managers managed assets of Rs 4.55 lakh crore, or 12% of total mutual fund assets of Rs 38 lakh crore. Last year, that figure was 13.5%.

Over the years, there has been an increase in the number of female fund managers in the mutual fund industry from 45 players. When the Morningstar first published a report on women fund managers in 2017, there were just 18 women fund managers. This number increased to 24 in 2018, 29 in 2019, then reduced to 28 in 2020 and increased again to 30 in 2021 followed by 32 in 2022.

“With a measly 8% representation, women still remain significantly underrepresented in the ranks of mutual fund managers. That said, percentage representation has increased over the past two years, albeit slightly,” notes The report.

In terms of performance, the report showed that of the total open-ended assets managed by female fund managers, 69% of assets under management (AUM) exceeded the peer group average on a one year, 96% of assets under management outperformed over three years and 69% of assets under management outperformed over five years.

The 32 female fund managers were spread across 19 fund companies, with four fund companies having three or more female fund managers, four fund companies having two female fund managers while 11 fund companies had at least one female fund manager. funds.

Michael J. Birnbaum