As per the report, there were only 18 women fund managers in 2017 and the number has gradually increased since then. (Representational image)
Morningstar said that with just 9.81 per cent representation, women are still grossly under-represented in the ranks of mutual fund managers.
Despite a gradual increase in their number over the years, women account for only 10 per cent of the total fund managers in the mutual fund industry, said a report on Tuesday.
Morningstar Investment Advisors India’s annual report on women fund managers in the asset-management industry said that the total number of women fund managers has increased from 32 last year to 42 now.
Interestingly, the total number of fund managers also increased from 399 last year to 428 this year.
The Morningstar report, released ahead of International Women’s Day on March 8, said, “When it comes to gender diversity, the latest findings from our report show that 42 out of 428 fund managers are women as primary or secondary managers.” managing.” ,
Read also: Women’s Day: Tax saving fund for retirement; How are Indian women investing?
Morningstar said that with just 9.81 per cent representation, women are still grossly under-represented in the ranks of mutual fund managers.
As per the report, there were only 18 women fund managers in 2017 and the number has gradually increased since then. The only exception was in 2020, when there was a slight 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.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
