According to the report, there have been solely 18 ladies fund managers in 2017, and the quantity has elevated progressively since then. (Representative picture)
With a meagre 9.81 per cent illustration, ladies nonetheless stay drastically under-represented among the many ranks of mutual fund managers, Morningstar mentioned.
Women account for under 10 per cent of the overall fund managers within the mutual fund business regardless of a gradual improve of their numbers witnessed in the previous couple of years, a report mentioned on Tuesday.
The Morningstar Investment Adviser India’s annual report on ladies fund managers within the asset-management business mentioned the overall rely of girls fund managers has elevated from 32 final 12 months to 42 now.
Interestingly, the overall variety of fund managers additionally noticed a wholesome improve this 12 months to 428 from 399 final 12 months.
“When it involves gender range, the most recent findings of our report present that of the 428 fund managers, 42 are ladies who’re managing funds both as major or secondary managers,” said the Morningstar report released ahead of International Women’s Day on March 8.
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With a meagre 9.81 per cent illustration, ladies nonetheless stay drastically under-represented among the many ranks of mutual fund managers, Morningstar mentioned.
According to the report, there were only 18 women fund managers in 2017, and the number has increased gradually since then. The only exception was in 2020, when there was a minor decrease.
“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.
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