Assets managed by women fund managers jump 32% to Rs 3 trn in 2017: Report

The total assets managed by the women managers have recorded an increase in terms of absolute numbers

The total assets managed by female fund managers rose by 32 per cent to Rs 3,065 billion in 2017 even as the representation of the fairer sex in this profession remained low at 8 per cent, says a report.
 

According to mutual fund Morningstar, of the total 291 fund managers handling open-ended mutual fund products in 2017, a meagre 24 are women. This figure is marginally higher compared to 18 women out of 269 fund managers in 2016.
 

The report further noted that these 24 women managers cumulatively manage assets worth Rs 3,065 billion, which is about 15 per cent