MFs dangle ESOPs carrot to retain top talent ahead of stock market listings

Companies typically give out 60-100 per cent of cash compensation as ESOPs at CXO levels

Asset management companies (AMCs) are dangling employee stock option plans (ESOP) in a bid to hold on to key talent as the industry gears up for the next phase of growth and large players look to list on the bourses. 

While several asset management companies (AMCs) such as Reliance MF and HDFC MF already had ESOP structures in place, others like SBI MF doled out the benefit to their employees for the first time this year, sources said, adding that smaller fund houses might follow suit. 

Indeed, as fund houses grow in scale and gear up to list, doling out