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

    Synopsis

    The women, who manage around Rs 2,00,000 crore of investor wealth on D-St, have been fairly consistent in delivering returns across market cycles.

    ETMarkets.com
    NEW DELHI: Dalal Street does not believe in ‘fair’ play! That’s the fact.

    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.

    This 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.

    Image article boday


    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.

    Sohini Andani was one of the top 10 best-ranked managers in the industry as per the ET Wealth-Morningstar Manager Rankings published in August 2016.

    Let's look at some of the women fund managers:

    Anju Chhajer, Senior Fund Manager at Reliance Nippon Life Asset Management


    Anju Chhajer is an experienced manager, managing funds since October 2009 and has an overall experience of 15 years on the fixed income side. She has been with Reliance Nippon Life AMC for the past nine years and has been managing ultra short-term and liquid strategies.

    Anju monitors the macro-economic environment as well as the monetary policy drivers to ensure that client portfolios are positioned with the most optimal instruments to meet their return objectives for specified risk levels.

    Broadly speaking, the funds managed by her have shown a phenomenal track record, reinforcing her credentials as a competent fund manager.

    Lakshmi Iyer, CIO (Debt) and Head of Products at Kotak Mahindra Asset Management Co. Ltd:

    Lakshmi Iyer is the woman fund manager who stunned with her investment style and broke the glass ceiling in the mutual fund industry. Where men still dominate the field, Lakshmi is the head of Fixed Income and doubles up as the Head of Products at Kotak MF.

    She has been with Kotak for the past 17 years from April 2000 and had a hands-on experience in fund management and her contribution gives the team an edge.

    Lakshmi runs a team based approach which follows an inclusive culture that fosters the collective input of investment specialist closest to the source of investment information.

    Roshi Jain, Fund Manager at Franklin Templeton (India):

    Whether a global fund, a sector fund or a flexicap fund - portfolio manager, Roshi Jain is adept at managing funds from across the spectrum. Being a part of one of the most revered fund house and trained by some of the best fund managers in the Indian Mutual Fund Industry, Roshi has made a name for herself in the fund management space.

    Sohini Andani, Fund Manager, SBI Funds Management:

    Sohini Andani is a fund manager that stands out on many fronts. She is recognized for being an extremely efficient stock picker in addition to her acknowledged capabilities on the research front.

    She currently manages 3 very diverse funds including the SBI Bluechip Fund, SBI Magnum Midcap fund and the SBI Banking and Financial Services Fund.

    Her ability to manage funds that range across the market cap spectrum with a consistent approach stands out about her style of management.

    Swati Kulkarni, Fund Manager, UTI Asset Management:

    Swati Kulkarni is one of the most experienced fund managers in the Indian fund industry and has impressed with her stock selection capabilities and disciplined investment approach.

    Swati has been associated with UTI AMC for the last 24 years. She served as an equity analyst with the fund company before taking on fund management duties in June 2004 and is currently an Executive Vice President at UTI AMC.

    (The above article was compiled from a Morningstar report)



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    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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