Women account for only 10% of the total fund managers in the mutual fund trade regardless of a gradual enhance in their numbers witnessed in the previous couple of years, a report mentioned on Tuesday.
The Morningstar Investment Adviser India’s annual report on girls fund managers in the asset-management trade mentioned the total depend of girls fund managers has elevated from 32 final yr to 42 now.
Interestingly, the total quantity of fund managers additionally noticed a wholesome enhance this yr to 428 from 399 final yr.
“When it comes to gender diversity, the latest findings of our report show that of the 428 fund managers, 42 are women who are managing funds either as primary or secondary managers,” mentioned the Morningstar report launched forward of International Women’s Day on May 8.
With a meagre 9.81% illustration, girls nonetheless stay drastically under-represented among the many ranks of mutual fund managers, Morningstar mentioned.
According to the report, there have been only 18 girls fund managers in 2017, and the quantity has elevated progressively since then. The only exception was in 2020, when there was a minor lower.
“The 42 women fund managers were spread across 24 fund houses, with five fund houses having three or more women fund managers; six fund houses had two women fund managers while 13 fund houses had at least one-woman fund manager,” it added.
