is the financial experts apt and responsible for managing the Asset Under Management of their AMCs. Mutual funds have become one of the most trusted investment tools in the hands of investors in the 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 appraising a 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 a balanced investment decision. But all these functions cannot be performed without proper knowledge and necessary qualification to understand the 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 the 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.
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 MBA 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.
There is no restriction with regard to the age of the candidate or marks secured in Senior Secondary Examination or subjects studied.
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.
One must have a strong education background either in commerce, economics or in business administration or in finance.
After clearing 12 class preferably with commerce or finance subjects, aspiring Fund Managers can get admission in Diploma/ Undergraduate courses related to this field. Some of the undergraduate courses that the candidates can pursue to become Fund Managers are:
After getting the requisite qualification and on job experience one can also start his own business alone or by registering an AMC with requisite permission from the relevant authorities.
After getting their Undergraduate degree or Diploma in the Finance or Investment Management candidates can look for jobs in various AMCs or go for Postgraduate Diploma/Degree Courses to get further knowledge of the Field. Some of the Postgraduate courses in the field are:
Candidates may have to clear some kind of entrance exam likeCATExam to joinIndian Institutes of Managementand Delhi UniversityFMS Entrance Examto get admission to these courses in some of the best Financial institutes of the country.
Fund Managers job description includes giving Financial advice to their clients. They provide information to their private and corporate clients about various investment opportunities to help their clients invest their money in a prudent manner.
Fund managers work also include meeting with various companies heads and investment analysts to discuss the financial conditions and operations of the companies they are researching about so that they could recommend profitable investment funds to their clients for investing.
These professional gather all the required financial information of the companies of various sectors for their clients.
Fund Manager also helps their clients to understand the financial and investment matters in an easy to comprehend manner.
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.
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 asRs.1,00,000 per month.
Some of the Assent Management Companies in India where they can look for the job are:
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