Women's Day special: Why India must invest more in this 'asset class'

Of 428 fund mangers handling Rs 40 trillion, only 42 are women

Women’s representation in fund management remains in single digits in percentage terms, even as their absolute count has risen sharply in 2023. According to the latest report from Morningstar, as on January 31, 2023, the total mutual fund (MF) industry’s assets came to approximately Rs 39.62 trillion. 

This total was managed by 428 fund managers across fund houses, of whom, only 42 were women, or 9.8 per cent of the total count of MF managers. In terms of assets under management (AUM), the share of women stood at 11 per cent, or Rs 4.4 trillion, at the end of January,