MFs build second line of fund managers amid top-level exits

Move to ensure smoother transition in future during such eventualities

The mutual fund (MF) sector is grooming newer talent to become lead fund managers, amid a spate of recent high-profile exits. Given the robust inflow from domestic investors and a positive growth outlook, the Rs 19 lakh crore asset management sector is trying to ensure a second line of fund managers.
 
There 40-player MF sector has seen its assets under management double in three years. It has also seen inflow of Rs 7 lakh crore in this period, about Rs 2.5 lakh crore in equity.
 
In the recent past, top and mid-level asset management companies (AMCs) have seen