Mutual Fund Analysts

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KEY SKILLS

  • Strong accounting expertise

  • Financial Modeling and Valuation and advanced excel

  • Communication skills

  • Being well-versed with all asset classes

  • Risk Management skills

  • Numeric abilities and eye for details

  • Oral skills

  • Team player

  • Organized and deadline-efficient

  • Computer literate

  • Administration

  • Business

  • Mutual Funds

  • Management

  • Investing 

  • Writing skills

PROS

  • The potential for a high income is strong

  • The potential for growth that points forward is excellent

  • There is a vast diversity when it comes to mutual funds 

  • You get to help companies and people while increase your profits

  • This career is perfect for people who love to work indoors

  • Suitable for people who values achievements and are results-oriented

CONS

  • The workplace is typically a hectic one

  • It is a fast-paced and stress-inducing job

  • Success will never be consistent; there will be good years and bad years

  • You can lose lots of money and you have to be answerable to people

  • The work-life balance is quite tricky

  • Long working hours

OPPORTUNITY TYPES

GOT WHAT IT TAKES?

  • Banks

  • Firms

  • Companies

  • Agencies

  • Research teams

  • Wealth management companies

  • You know how to monitor movement in Net Asset Values (NAV) for large funds and reviewing the cause of fluctuations

  • You know how to do an analysis of Mutual Fund scheme rankings, researching other funds/schemes available

  • You like to write reports and articles about the performance of funds and other educational whitepapers for investors

  • You know that you would be working on fund valuation reports

  • You can recommend the right mutual funds to prospective investors, in-tune with the company’s investment policies

KEY OPPORTUNITIES

Books

Podcasts

Networking Groups

Interesting Facts about the career

  • The mutual fund industry history in India

The mutual fund industry in India started in 1963 with the formation of Unit Trust of India, at the initiative of the Government of India and Reserve Bank of India. The history of mutual funds in India can be broadly divided into four distinct phases.

 First Phase - 1964-1987 Unit Trust of India (UTI) was established in 1963 by an Act of Parliament. It was set up by the Reserve Bank of India and functioned under the Regulatory and administrative control of the Reserve Bank of India. In 1978 UTI was de-linked from the RBI and the Industrial Development Bank of India (IDBI) took over the regulatory and administrative control in place of RBI. The first scheme launched by UTI was Unit Scheme 1964. At the end of 1988 UTI had Rs. 6,700 crores of assets under management.  

Second Phase - 1987-1993 (Entry of Public Sector Funds) 1987 marked the entry of non-UTI, public sector mutual funds set up by public sector banks and Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC). SBI Mutual Fund was the first non-UTI Mutual Fund established in June 1987 followed by Canbank Mutual Fund (Dec 87), Punjab National Bank Mutual Fund (Aug 89), Indian Bank Mutual Fund (Nov 89), Bank of India (Jun 90), Bank of Baroda Mutual Fund (Oct 92). LIC established its mutual fund in June 1989 while GIC had set up its mutual fund in December 1990.  At the end of 1993, the mutual fund industry had assets under management of Rs. 47,004 crores.  Third Phase - 1993-2003 (Entry of Private Sector Funds) With the entry of private sector funds in 1993, a new era started in the Indian mutual fund industry, giving the Indian investors a wider choice of fund families. Also, 1993 was the year in which the first Mutual Fund Regulations came into being, under which all mutual funds, except UTI were to be registered and governed. The erstwhile Kothari Pioneer (now merged with Franklin Templeton) was the first private sector mutual fund registered in July 1993.  The 1993 SEBI (Mutual Fund) Regulations were substituted by a more comprehensive and revised Mutual Fund Regulations in 1996. The industry now functions under the SEBI (Mutual Fund) Regulations 1996.  The number of mutual fund houses went on increasing, with many foreign mutual funds setting up funds in India and also the industry has witnessed several mergers and acquisitions. As at the end of January 2003, there were 33 mutual funds with total assets of Rs. 1,21,805 crores. The Unit Trust of India with Rs. 44,541 crores of assets under management was way ahead of other mutual funds.  Fourth Phase - since February 2003 In February 2003, following the repeal of the Unit Trust of India Act 1963 UTI was bifurcated into two separate entities. One is the Specified Undertaking of the Unit Trust of India with assets under management of Rs. 29,835 crores as at the end of January 2003, representing broadly, the assets of US 64 scheme, assured return and certain other schemes. The Specified Undertaking of Unit Trust of India, functioning under an administrator and under the rules framed by Government of India and does not come under the purview of the Mutual Fund Regulations.  The second is the UTI Mutual Fund, sponsored by SBI, PNB, BOB and LIC. It is registered with SEBI and functions under the Mutual Fund Regulations. With the bifurcation of the erstwhile UTI which had in March 2000 more than Rs. 76,000 crores of assets under management and with the setting up of a UTI Mutual Fund, conforming to the SEBI Mutual Fund Regulations, and with recent mergers taking place among different private sector funds, the mutual fund industry has entered its current phase of consolidation and growth.

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