Fact sheet of Women fund managers who have outperformed or Underperform over the long-term

Women still constitute only 8 percent of the total number of fund managers in the Indian mutual fund sector but have proved their mettle by delivering significant outperformance.

Altogether 24 women managers manage funds currently, either as primary or secondary managers or as heads of equity or fixed income, compared to 18 last year.

Cumulatively they manage assets worth Rs 3.065 trillion, which equals 15 percent of the total assets under management (AUM) for open-end funds.

The total AUM managed by the women managers has increased in absolute terms, compared to Rs. 2.32 trillion last year.But regarding a percentage of overall AUM, the number remained almost the same as last year.

The number of women in fund management in India has been gradually going up over the years, but the numbers tell us that we still have a long way to go. Many Asian countries have among the highest representation of women in the mutual fund industry.

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61 percent of the AUM managed by women fund managers in India outperformed the benchmark/peer group average over the past one year, 81 percent over past three years, and 86 percent over the past five years, according to the Morningstar report.

Thus, over the long term, funds managed or overseen by women fund managers have delivered significant outperformance based approach. Depends on collective input from investment specialists closest to the source of investment information.

Some women fund manager’s ignored the noise around and proved that career progression isn’t dependent on the gender.

A look at some Women Fund Managers.

Mrs. Swati Anil Kulkarni ( Fund Manager at UTI Asset management.)

Biography

Mrs. Kulkarni is a B.Com (H), MBA (Finance). From Narsee Monjee Institute of Management Studies, Mumbai, CFA and a CAIIB. Prior to joining UTI Mutual Fund in 2004, she has worked with Reliance Industries Ltd.

Summary

Overall, performing about the same as the peer group composite. Nevertheless, over a long track record, the manager has, period by period, consistently managed to outperform the peer group.

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Ms. Roshi Jain ( Fund Manager at Franklin Templeton Asset management.)

Biography

Ms. Jain is a CFA, ACA and PGDM. Prior to joining Franklin Templeton Investments she has worked with Goldman Sachs, London,Goldman Sachs, Singapore, Wipro Ltd. and S. R. Batliboi & Co.

Summary

Overall, performing better than the peer group composite. Over a long track record, the manager has, period by period, consistently managed to outperform the peer group.

Download (PDF, 101KB)

Ms. Jahnvee Shah  ( Fund Manager at Reliance Asset management.)

Biography

Ms. Shah is a B.Sc and an MBA (Finance). Prior to joining Reliance Mutual Fund she has worked with Financial Express.

Summary

Overall, performing worse than the peer group composite. Over a fairly lengthy track record, the manager has underperformed the peer group.

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Ms. Bekxy Kuriakose  ( Fund Manager at Principal Asset management.)

Biography Ms. Kuriakose is a BA (Economics) from Delhi University and PGDM from IIM, Bangalore Prior to joining Principal MF she has worked with L&T MF, Reliance Life Insurance Co. Ltd ,SBI Mutual Fund and Tata Administrative Services.

Summary

Overall, performing about the same as the peer group composite. However, over a long track record, the manager has, period by period, consistently under formed the peer group.

Download (PDF, 102KB)

Ms.Priyanka Khandelwal ( Fund Manager at ICICI Prudential Asset management.)

Biography Ms. Khandelwal is Chartered Accountant and Company Secretary She has been Working with ICICI Prudential Mutual Fund Since October 2014.

Summary

There is an insufficient track record to make any judgment.

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Ms.Payal Kaipunjal ( Fund Manager at Reliance Prudential Asset management.)

Biography Ms. Kaipunjal is an MBA. Prior to joining Goldman Sachs she has worked with Benchmark AMC.

Summary

Overall, performing about the same as the peer group composite. However, over a long track record, the manager has underperformed the peer group.

Download (PDF, 101KB)

Ms.Nidhi Chawla ( Fund Manager at SBI Asset management )

Biography Ms. Chawla holds BBS degree and has also done MBE and CFA. She has over 4 years of experience in mutual fund industry. She is with SBI Mutual Fund since 2007.

Summary

Overall, performing worse than the peer group composite. Over a short track record, the manager has underperformed the peer group.

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Ms.Shalini Tibrewala  ( Fund Manager at JM Asset management.)

Biography Ms. Tibrewala is a B.Com (H), ACA and CS. She has been associated with JM Financials since 2003.

Summary

Overall, performing about the same as the peer group composite. However, over a long track record, the manager has underperformed the peer group.

Download (PDF, 108KB)

Ms.Sunaina da Cunha ( Fund Manager at Aditya Birla Sun Life Asset management.)

Biography Ms. Cunha is a B.Com (H) and MBA from FMS, Delhi. Prior to joining Birla Sun Life Asset Management Company, she has worked with Aditya Birla Management Corporation Ltd.

Summary

Overall, performing about the same as the peer group composite. Nevertheless, over a long track record, the manager has, period by period, consistently managed to outperform the peer group.

Download (PDF, 100KB)

Ms.Ranjana Gupta  ( Fund Manager at SBI Asset management.)

Biography

She is a Commerce graduate from Mumbai University Ms Ranjana joined SBIFMPL in 2008 as Fixed Income Dealer and has over 21 Years of experience in the capital market. prior to joining SBIFMPL, She was heading the broking activities at Twenty-first Century Shares and Securities Ltd from May 1995 to February 2008. She started her career as a dealer in 1995 with OTCEI.

Summary

Overall, performing about the same as the peer group composite. However, over a short track record, the manager has underperformed the peer group.

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Ms.Sohini Andani ( Fund Manager at SBI Asset management.)

Biography

Ms. Andani is a Commerce Graduate and C.A. She has over 15 years of experience in financial services. Prior to this, she worked with ING Investment Management Pvt. Ltd., ASK Raymond James & Associates Pvt. Ltd., LKP Shares & Securities Ltd., Advani Share Broker Pvt. Ltd., CRISIL, and with K R Choksey Shares & Securities Pvt. Ltd.

Summary

Overall, performing better than the peer group composite. Over a fairly lengthy track record, the manager has outperformed the peer group.

Download (PDF, 96KB)

Ms.Meenakshi Dawar ( Fund Manager at Reliance Asset management.)

Biography Ms. Dawar is a B.Tech from IGIT New Delhi and PGDM from IIM Ahmedabad. Prior to joining Reliance AMC had worked with IDFC Mutual Fund. She has worked in institutional equities sales and research division on the sell side.

Summary

Overall, performing worse then the peer group composite. Over a fairly lengthy track record, the manager has underperformed the peer group.

Download (PDF, 96KB)

Ms.Khushboo Sharma ( Fund Manager at IDFC Asset management.)

Biography

Ms. Sharma is B.Tech, Post Graduate Diploma in Management (Finance) & CFA Level III Prior to Joining IDFC Mutual Fund she has worked with Franklin Templeton Asset Management India Pvt. Ltd. in Fixed Income Investment Management and Evaluating company Credit and Structured finance deals and has also worked in Thoughtworks Technologies India Pvt. Ltd. in Software Consulting.

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Gargi Bhattacharyya Banerjee ( Fund Manager at Shriram Asset management.)

Biography

Ms. Banerjee is Master of Business Management in Finance and Bachelor of Science with Economics (Hon) from University of Calcutta. Prior to joining Shriram Asset Management Co. Ltd she has worked with Zacks Research Pvt Ltd as Research Head and Shriram Insight Share Brokers Ltd.

Summary

Overall, performing worse then the peer group composite. Over a short track record, the manager has, period by period, over- and under-performed roughly equally.

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Ms.Hetal P Shah ( Fund Manager at Baroda Pioneer Asset management.)

Biography

Ms. Hetal P. Shah is a B.Com, MBA, and JAIIB. Prior to joining Baroda AMC she has worked with Bank of India from may 1999.

Summary

Overall, performing about the same as the peer group composite. However, over a long track record, the manager has underperformed the peer group.

Download (PDF, 105KB)

Ms.Bharti Sawant ( Fund Manager at Mirae Asset management.)

Biography

Ms. Sawant is an M.S. Finance ( ICFAI Hyderabad ), CFA and B.Com. Prior to joining Mirae AMC in September 2013, She was associated with Sushil Finance Securities Pvt. Ltd., Latin Manharlal Securities Pvt. Ltd. and Kabu Shares and Stocking Pvt. Ltd. for Financial Analysis and Research.

Summary

Overall, performing about the same as the peer group composite. However, over a short track record, the manager has underperformed the peer group.

Download (PDF, 93KB)

Ms.Anju Chhajer ( Fund Manager at Reliance Asset management.)

Biography Ms. Chhajer is a B.Com (H) and a Chartered Accountant. Prior to joining Reliance Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.

Summary

Overall, performing about the same as the peer group composite. Nevertheless, over a long track record, the manager has outperformed the peer group.

Download (PDF, 103KB)

Mrs.Suman Prasad ( Fund Manager at Canara robeco Asset management.)

Biography Mrs. Prasad is B.Sc and PGDMS. She has been associated with Canara Robeco since 1996.

Summary

Overall, performing about the same as the peer group composite. Nevertheless, over a long track record, the manager has outperformed the peer group.

Download (PDF, 103KB)

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Ms.Chandni Gupta ( Fund Manager at ICICI Prudential Asset management.)

Biography She holds B.E. degree in IT and CFA degree from CFA Institute, USA. She is working with ICICI since October 2012 as Fixed Income Dealer. Prior to that, she has worked with Morgan Stanley, HSBC Bank and Standard Chartered Mutual Fund.

Summary

Overall, performing about the same as the peer group composite. However, over a short track record, the manager has, period by period, over- and under-performed roughly equally.

Download (PDF, 101KB)

Ms.Uma Venkatraman  ( Fund Manager at IDBI Asset management.)

Biography Prior to joining IDBI Mutual Fund, she had worked with B&K Securities, ASK Raymond James, Morgan Keegan and UTI Mutual Fund.

Download (PDF, 79KB)

Ms.Pushpa Rai ( Fund Manager at Escorts Asset management.)

Biography

Ms. Pushpa Rai is a M.Com, MFM (Narsee Monjee Institute of Management Studies) Over 20 years of experience in the financial sector on both, fixed income products as well as equity markets. Previous assignments include Heading Debt funds and managing pension funds, surplus funds with IDBI Capital Market Services (March 2007 – Feb. 2010); Heading Debt and Equity Research at
Mata Securities (Sep 1995 – April 2006).

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Note : Past performance of fund does not guarantee the future returns.

DISCLAIMER

No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here.

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