A fund manager is a person who manages funds of a person or company. Fund managers are known in the names of mutual funds or Assets under management companies .They invests our money in projects and gives us a fixed monthly return according to the profits. To be a fund manager one must have a good academic qualification in economics and finance and must have good appropriate managerial experience.
Most of the candidates pursue the course of a Chartered Financial Analyst (CFA) to become a fund manager. These people carefully invests the money in projects and give them the profits .They know the trends of the market and they where to and where not to invest. They are very well updated with the economy and as well as the international economy. A fund manager must be sincere to his client. He must only try to make good profits for his client. If you earn his trust then you will have his lifetime investment for your company.
The main things about being a successful fund manager is observant skills. A fund manager observes the trends very well. He is very well read about the economy as well as the international economy. It is his well informed and updated knowledge which keep him away from committing mistakes.A fund manager must also wait for his time as the success of his career will depend on his experience also.
To become a successful manager you must have done courses in finance, economics or management. With the help of your academic qualification and your experience you can be a successful fund manager in India.
Step 1 To become a fund manager one must have the necessary academic qualification to manage the funds.
Step 2 The necessary academic qualifications needed to be a bachelors or masters in economics, finance, management or accounts.
Skills for a Successful Fund Manager
1) A fund manger must be very disciplined to get his calculations correct in the economy.
2) A good fund manager must do networking with the companies and must try to get the condition of the companies .
3) One must choose a company with quality and vision
4) A fund manager must hold the idea of long term investment and must not rush to dumping it.
5) A fund manager must do homeworks,he must be well updated about the economy.
Successful Fund Managers
1) Vinit Sambre – DSP Black Rock Mutual Fund
2) Jinesh Gopani - AXIS MUTUAL FUND
3) R Janakiraman-Franklin Templeton Mutual Fund
4) Sohini Adani-SBI Mutual Fund
A good fund manager with the initial success can start up a mutual fund company or a Assets Under Management Company. They will attract a lot number of investors waiting to invest their fund in long term projects. Some have even grown into world famous mutual fund or asset management companies. Some are DSP Black Rock Tax Saver fund, Franklin India Tax Shield Fund, ICICI Prudential Balance Sheet Fund, SBI Blue Chip fund, HDFC Mid-cap opporchunities fund
The salary of a fund manager can go really high according to the profit he earns for the client. Or sometimes he even has a fixed percentage of the profit to be given to the fund manager. It can range from Rs 50,000 to Rs 1,0,00,00 as fee for a fund manager.
