Mutual funds managed by women have given better returns, shows data

The over Rs 30-trillion MF industry in India has a large male dominance. According to the data compiled by MF tracker Morningstar, the industry has 376 fund managers, but only 8 per cent, or 30, of them are female. Assets managed by women fund managers are worth Rs 4.11 trillion, about 13.5 per cent of total AUM.

Two dozen AMCs don’t even have a single women fund manager; only a couple have more than two. Further, a third of women fund managers have relatively low experience, having managed funds for less than 5 years. Only 10 have managed a fund for