Mutual Fund Manager is not a new career prospect in the market. It is in the market from last eight decades. To become mutual fund manager you need to have great understanding of finance, investment, risk and many more things.

Do you keep an eye out for market trends and stay up with economic, technological, and political developments? What if there was a profession that catered solely to your requirements? There is,

There should be someone who manages the money. Your money can be managed by you or someone else. Now to make sure that your hard-earned money is in expert’s hand who can grow it too.

This article will help you to understand and will show you the complete roadmap to become mutual fund manager in India.

Table of Contents

What is Mutual Fund?

Mutual fund is basket where investors like you and me invests money and that money will further invested by mutual fund manager in different investment products to earn good returns.

What is a mutual fund manager?”

All decisions regarding the acquisition and sale of these securities are made by the mutual fund manager. They are specialists who understand the markets, either via experience or extensive research and analysis prior to making investments.

Eligibility to become mutual fund manager.

To Become mutual fund manager in India, You need to have basic academic qualifications and knowledge of the field.

After completing your 10th standard, it will be perfect for you to choose commerce stream as you need to work on accounting and financial skills. After 12th standard, you can choose between BBA, B.Com, BBM, BMS or any equivalent degree which is related to finance and management.

Nowadays, MBA in a specific field is the most common masters degree, Having a degree in MBA finance, could help you to grab good career position in the field of finance management.

You can also take financial course, which are offered by NISM to excel more in the field of finance, These courses are very specific to the niche and will help you to understand more about investment opportunities.

After finishing 10th grade, it is recommended that you take the Commerce stream because you will need to study finance management courses. Studying Commerce in 11th and 12th grades will lay the groundwork for your graduation.

Above are some mutual fund manager qualifications.

Skills to become mutual fund manager.

Every profession requires a certain set of skills. To become mutual fund manger you need to have following skills.

Priority: As a fund manager, you need to prirotize investment products as per their rate of return so that you can bring best possible return for the investors of the mutual fund company.
Analytical Skills: You need to analyze a lot of financial statements so that you can check the potential of the investment product.
Problem-Solving Skill: Problem-solving skills need logical senses of your mind where you solve the problem of mutual fund company and help investors to get best possible return on their investment.
IT skills: IT skills like MS Excel, Power BI and other analytical tools are great tools out there which you need to know if mutual fund manager want to analyze the investment product precisely.

What Mutual fund manager do?

Mutual fund manager picks the investment product and anaylze those and check whether mutual fund company should invest in that or not. The direction of prices, in conjunction with other characteristics, is used to create an appealing portfolio of equity and debt investment products.

What is the role of Mutual Fund Manager in India?

When you choose to invest in a mutual fund as an investor, you are creating a portfolio of securities. The fund managers make the buying and selling choices based on research and analysis. Your portfolio might be actively or passively managed.

If your portfolio is passively managed, it is built on an established index, and the components are picked with the underlying index in mind. In the case of an actively managed portfolio, the fund manager selects the portfolio’s components. These fund managers have a significant impact on the performance of active mutual funds.

Create Report for Investing: Mutual fund manager creates report on the specific investment product and checks whether it is appropriate for investing or not. This reports clarifies the objective, return expected, expense, risks and many more things about the investment product.
Rules and Regulations: Every mutual fund manager has to follow certain set of rules while working in mutual fund. SEBI who is governing body keeps its eye on all mutual fund manager.
Wealth Creation: Every mutual fund manager works for creating and growing wealth of investors. Mutual fund manager carefully analyze the investment product and give calls of buys and sell for the same product.
Mutual Fund Company: Not only for investors but also for the mutual fund company, Mutual fund manager looks for the growth of fund size as investors checks about the mutual fund company and how much ROI has they delivered in past history.

Advantages of Mutual Fund Manager

As a mutual fund manager, you have a dynamic work culture in order to come up with new investment ideas and invest in that opportunity.
Mutual fund manager’s rewards is much higher at higher position and he/she also grabs a healthy salary.
With you expertise and skill, you get respect from your colleagues and other mutual fund managers in the same industry.
Level of Job Security is quite high for a mutual fund manager.
You also need to travel abroad to see the investment opportunity or to meet the company in which the mutual fund company is going to invest.

Disadvantages of Mutual Fund Manager

Since, Mutual Fund manager is always equipped with reports and the manager need to complete those reports timely therefore sometimes it becomes stressful the manager.
As an employees there is fixed timing for work but it is not a mutual fund manager as he/she has to work overtime and look for the investment product.
There is no space for mistakes, mutual fund company could lose a lot of money just with a small mistake of a mutual fund manager.

How much mutual fund manager make?

The salary of mutual fund manager in India varies from Rs. 4 Lakhs to 80 Lakhs based on their experience. This figures also tells that the average salary of mutual fund manager in India is Rs. 14 Lakhs.

Conclusion

The investing sector has been growing for several decades. If you are really interested in learning about investing and how the market operates, Then become mutual fund manager is a rewarding career option in the investment industry you might consider.

I hope you enjoyed this guide on How to become mutual fund manager in India and also learnt about mutual fund career path. If you have learnt something about the mutual fund carrer path then you can let me in know in the comment section.

Till Then

Happy Learning, Happy Investing

You can also read our another blog on : Best Types of Mutual Fund