Processes are complementing role of managers in Mutual Funds

Fund houses seen moving towards a more process-driven investment approach but managers remain key

Domestic fund houses have been moving towards a more process-driven investment approach as a safeguard against abrupt exits of fund managers. 

The processes are typically pre-programmed strategies and stock filters that help fund managers in taking a disciplined approach in creating portfolios of stocks.

In recent years, there have been several high-profile exits of fund managers. Despite the exits, the performance of schemes of these fund managers hasn't seen any adverse impact. Rather, in some cases, the performance has improved, helping allay fears that an exit of a big fund manager is bad for the fund's performance. It has also raised questions