Fund Manager - How to become a Fund Manager


Fund Manager is the financial experts apt and responsible for managing the Asset Under Management of their AMC's. Mutual funds have become one of the most trusted investments in the hands of investors in last couple of decades. The companies or organizations which facilitate investment in Mutual Funds are known as Asset Management Companies. These companies are responsible for apprising large number of investors of the options available in the mutual funds.

Fund Managers are responsible for not only managing the investment but also for providing their clients, whether individual or institutional the necessary advice. These professionals are responsible to follow the market trends and track the market returns to give good returns to their clients. Besides they keep on changing their capital structure for balanced investment decision. But all these function cannot be performed without proper knowledge and necessary qualification to understand ever changing volatile market condition.

Increasing participation of the general public in the mutual funds has given an impetus to this profession in the recent past.

Like other conventional professions career as a Fund Manager is also providing a lot of opportunities to show their talent and earn respect and money by the younger generation

To be a successful Fund Manager the aspiring candidate has to be dedicated and hardworking. The job of a Fund Manager requires an intensive knowledge of various aspect of the share market along with foresight to predict to some extent the direction of flow of the market.. To discharge his duties in an effective manner he requires special training comprehensive knowledge in more than one area of the trade.

 

Fund Manager Eligibility

1. Educational Qualifications

 Minimum qualification for becoming a Fund Manager is at least an undergraduate degree in commerce, economics or in finance.

However to be a successful Fund Manager the aspiring candidate should be a Postgraduate in the relevant subjects like an  MBAs with specialization in finance from the reputed institutes of management or from the departments of business administration of the major universities, or Chartered Accountant to name a few.

Various investment management courses run by the organization like stock exchanges can also be handy to get the job.

2. Age

There is no restriction with regard to the age of the candidate or marks secured in Senior Secondary Examination or subjects studied.

 

Required Skills Fund Manager

  • A Fund Manager should possess ambition and confidence; determination and motivation and strong time management skills.
  • They have the ability to work effectively under pressure; good IT skills; analytical skills and team-working skills.
  • Candidates should also have numerical skills; problem-solving skills and good communication skills.

 

How to become a Fund Manager?

One must have a strong education background either in commerce, economics or in business administration or in finance.

Step 1

After getting the necessary qualification the aspiring candidate has to join some Asset Management Company to gain firsthand experience of the market condition

Step 2

After getting enough experience and knowledge while working with a AMC’s one can start his own business alone or by registering a AMC with requisite permission from the relevant authorities.

 

Fund Manager Career Prospects

There are nearly 33 Mutual Fund companies in all over India managing funds to the tune of  Rs. 470.04 bn. Going by   these facts it can be easily assumed that the prospects for the Funds Managers are quite bright in the near future.

 

Fund Manager Salary

As far as Fund Managers salary is concerned, one cannot count the monetary returns of the right persons in this profession. Efficient fund managers can demand as much as Rs.1,00,000 per month.

Some of the Assent Management Companies in India where they can look for job are:

  • ABN AMRO Mutual Fund
  • Birla Sun Life Mutual Fund
  • Bank of Baroda Mutual Fund (BOB Mutual Fund)
  • HDFC Mutual Fund
  • HSBC Mutual Fund
  • ING Vysya Mutual Fund
  • Prudential ICICI Mutual Fund
  • Sahara Mutual Fund
  • State Bank of India Mutual Fund
  • Tata Mutual Fund
  • Kotak Mahindra Mutual Fund
  • Unit Trust of India Mutual Fund
  • Reliance Mutual Fund
  • Standard Chartered Mutual Fund
  • Franklin Templeton India Mutual Fund
  • Escorts Mutual Fund
  • Alliance Capital Mutual Fund
  • Benchmark Mutual Fund
  • Canbank Mutual Fund
  • Chola Mutual Fund
  • LIC Mutual Fund
  • GIC Mutual Fund
  Page Views: 7959 | Updated On: 09-Jul-2014