Fund Manager - How to become a Fund Manager

Fund Manager is the  financial experts apt and responsible for managing the Asset Under Manangemnt 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.

Eligibility to become a Fund Manager

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.

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 and Job Opportunities

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 months.

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

1. ABN AMRO Mutual Fund
2. Birla Sun Life Mutual Fund
3. Bank of Baroda Mutual Fund (BOB Mutual Fund)
4. HDFC Mutual Fund
5. HSBC Mutual Fund
6. ING Vysya Mutual Fund
7. Prudential ICICI Mutual Fund
8. Sahara Mutual Fund
9. State Bank of India Mutual Fund
10. Tata Mutual Fund
11. Kotak Mahindra Mutual Fund
12. Unit Trust of India Mutual Fund
13. Reliance Mutual Fund
14. Standard Chartered Mutual Fund
15. Franklin Templeton India Mutual Fund
16. Escorts Mutual Fund
17. Alliance Capital Mutual Fund
18. Benchmark Mutual Fund
19. Canbank Mutual Fund
20. Chola Mutual Fund
21. LIC Mutual Fund
22. GIC Mutual Fund