These superstar mutual fund managers manage your millions
In this article, we dive into the profiles of eight distinguished fund managers, examining their assets under management (AUM), the diversity of funds they oversee, and their distinct investment philosophies.
Investing in mutual funds can be overwhelming for novice investors, given the plethora of options available. A pivotal factor in this selection process is the fund manager, whose investment strategy and expertise significantly influence the fund's outcomes.
This article aims to equip you with a clearer perspective on these financial stewards and their unique qualities.
The Titans of AUM
Firstly, let’s explore each manager's AUM, a critical measure of the capital they manage. This figure not only reflects their market credibility but also their experience level. The following table presents some of the industry titans.
|
Name
|
Fund Manager
|
Funds Managed
|
Experience
|
AUM (Rs crore)
|
|
HDFC Mutual Fund
|
Chirag Setalvad
|
6
|
16 years
|
105,104.00
|
|
Parag Parikh Mutual Fund
|
Rajeev Thakkar
|
8
|
18 years
|
59,534.00
|
|
ICICI Pru Mutual Fund
|
Anish Tawakley
|
12
|
23 years
|
76,164.00
|
|
Kotak Mutual Fund
|
Harsha Upadhyaya
|
14
|
18 years
|
79,011.00
|
|
Nippon Mutual Fund
|
Tejas Sheth
|
4
|
14 years
|
46,358.00
|
|
SBI Mutual Fund
|
Sohani Andani
|
4
|
16 years
|
43,487.36
|
|
Mirae Mutual Fund
|
Gaurav Misra
|
4
|
23 years
|
47,254.00
|
|
Axis Mutual Fund
|
Shreyash Devalkar
|
26
|
5 years
|
1,32,468.00
|
Shreyash Devalkar of Axis Mutual Fund tops the chart with an impressive AUM of Rs 1,32,468 crore, followed by Chirag Setalvad of HDFC and Anish Tawakley of ICICI Pru with notable portfolios of their own.
However, a large AUM, akin to a vast dating experience, doesn't necessarily predict a perfect outcome. It's essential to delve deeper beyond the numbers.
Portfolio Diversity: A Balancing Act
Analysing the range of funds each manager handles offers insights into their capacity and focus:
- Shreyash Devalkar stands out with the responsibility of 26 funds, showcasing remarkable multitasking skills.
- Both Chirag Setalvad and Harsha Upadhyaya demonstrate their capability by managing a broad portfolio of funds.
While overseeing numerous funds indicates versatility, it raises questions about their ability to devote adequate attention to each. It's akin to maintaining multiple relationships; ensuring quality can be challenging.
Deciphering Investment Styles
The crux of compatibility lies in the investment philosophy. Like finding a compatible partner, understanding a manager's investment style is key to a fruitful relationship:
- Growth Seekers: Chirag Setalvad and Anish Tawakley are recognised for their affinity towards high-growth potential companies, representing the thrill-seekers in love.
- Value Investors: Rajeev Thakkar and Tejas Sheth exemplify cautious, value-driven investors, akin to those who seek enduring and stable relationships.
- Income Strategists: For those prioritizing consistent returns, Sohani Andani's income-focused strategy might resonate well, emphasizing prudent management and value.
In the world of investing, as in love, no universal strategy suits all. Aligning your financial aspirations, risk tolerance, and investment horizon with the right fund manager is crucial to achieving your goals.
Disclaimer: The article is for informational purposes only and not investment advice.