HER FUNDS, LET HER TAKE A CALL

Women in the top seats at fund houses harp on the sheer need for each one to be equipped to manage her own finances and have a say in the financial matters at home

- Himali Patel

RITU MODI

Fund Manager (Equity), LIC Mutual Fund

Handles ₹ 2,374 crore

HER MONEY MANTRA: Compounding is what helps you create wealth over time and to get better returns, you need to be extremely consistent with your investments

A quick search on the internet for the definition of a fund manager gathers that she is the one who manages the money of investors and is entrusted with the responsibility of putting it to best use so that it reaps the maximum returns.

Women glorifying the most coveted posts in fund houses make the best choices for investors looking to park their money in mutual funds or hedge funds. A study by Goldman Sachs finds that between the market low in March through August 2020, 48 per cent of female-managed funds outperformed the indices, compared with 37 per cent for male-headed ones.

No wonder, women – either alone or in an all-women team or leading a mixed team of male and female experts – control an asset value of $2.95 trillion through 17 per cent of fund houses around the world, says Citywire, a British financial publishing group.