Today, after the pandemic, the interest of people in the equity market has increased. Now people are becoming more excited to build wealth in the equity market. But people are afraid to invest due to high risk factors and a lack of information about the market. With the help of a fund manager, people can get higher returns at lower risk. For these purposes, some people also prefer to invest in PMS, ETFs, AIFs, and Mutual Funds. These funds are managed by a fund manager who is experienced and highly qualified for the security market.

top 10 best mutual fund managers in india

What is a fund manager and what does a fund manager do?

Fund managers are skilled professionals who manage to maximize returns while minimizing risk factors. Fund managers have the expertise to manage your funds with their designed portfolios. Mutual funds, exchange-traded funds, hedge funds, pension funds, and portfolio-management services are managed by fund managers on behalf of investors. The role of a fund manager is to assume all risks, make investment decisions, and meet the investment objectives of the fund. He will invest in the fund as per the mandate of the fund.

What is Mutual Fund?

A mutual fund is a type of investment option that collects funds from multiple investors to invest in a diversified portfolio of equity, debt, government bonds, and other private equities. These funds are managed by an experienced mutual fund manager or a group of fund managers. Fund managers handle these capitals under a metric unit value called “NAV.”. NAV is the average price of mutual funds, which are used to buy & sell by investors.

Top 10 Best Mutual Fund Managers In India 2024

Here is the list of best fund managers in India in 2024:

Fund Manager NameAssets under management SchemesFund NameExperience
Rama Iyer Srinivasan1,51,671 Crore INR16SBI Mutual fund26 yrs
Rechard D Souza1,670 Crore INR4SBI Mutual fund26 yrs
Yogesh Patil5,975 Crore INR.18LIC Mutual fund16 yrs
Ajay Argal21,539 Crore INR6Franklin templeton mutual fund13 yrs
Manish Gunwani30,000+ Crore INR12Bandhan mutual fund AMC22 yrs
Harsh Upadhyaya1,31,853 Crore INR27Kotak mahindra mutual fund23 yrs
Sankaran Naren2,16,914 Crore INR37ICICI Prudential mutual fund26 yrs.
Sohini Andani62,783 Crore INR4SBI Mutual fund23 yrs
Shreyash Devalkar 1,57,465 Crore INR44Axis mutual fund15 yrs
Ankit Agarwal9,387 Crore INR5UTI Mutual fund17 yrs

The given information was updated on 17th May, 2024.

The details about India’s top 10 fund managers are discussed below:

1. Rama Iyer Srinivasan

Rama Iyer Srinivasan has 16 years experience over the market and working in the SBI Funds Management Pvt. Ltd. Before that he was with Future Capital Holding, an asset management and financial services entity of the Future Group. Where he manage funds and portfolios of Kishore Biyani as Head Portfolio Management & Equity Research. Before that he worked with many Assets Management Companies such lists are PNB, Imperial Investment Advisor, Indosuez W.I. Carr Securities; Inquire (Indian Equity Research); Sunidhi Consultancy (Research units); Capital Market publishers etc.  

2. Richard D’Souza

He started his career in 1992 as a research analyst at Ajit Vajani Share Brokers. He currently manages thematic funds at SBIMF having joined SBIFM in 2010 as Fund Manager for the Retail PMS division. He joined us from ASK Investment Managers where he was the portfolio manager for PMS schemes. Prior to joining ASK, Richard was a sell side analyst with various broking firms such as Antique Shares, Sunidhi Consulting and Alchemy Shares for 17 years. Richard is a Science graduate from Mumbai University.

3. Yogesh Patil

Mr. Yogesh Patil has a degree in MBA in Finance. Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited. Currently He is managing 18 scheme in LIC mutual fund having AUM of RS. 5381 cr.

4. Ajay Argal

Mr. Argal is a B. Tech from (IIT,Mumbai) & PGDM (IIM,Bangalore). Prior to joining Franklin Templeton Asset Management (India) Pvt. Ltd., he has worked with Baring Asset Management (Asia) Ltd., Aditya Birla Sunlife Mutual Fund and UTI AMC where he handled various aspects of investments function including managing offshore funds, equity funds, balanced funds, equity research & equity dealing.

5. Manish Gunawan

Mr Gunwani holds a PGDM and a B. Tech degree. Manish recently in January 2023, joined Bandhan Mutual funds AMC and holding ₹30,000+ crores assets under his management. Before joining Bandhan AMC he worked for Nippon India Mutual Fund as Chief Investment Officer (Equity), he held Senior Fund Manager positions with ICICI Prudential AMC Ltd, Lehman Brothers, Brics Securities, Lucky Securities, SSKI Securities, and Prime Securities as a fund manager and research analyst.

Manish Gunwani holds B tech Degree from IIT Madras & PGDM in finance from IIM Banglore. In 2000 he started a IT company called Vicisoft.

6. Harsh Upadhyaya

Harsha began has commenced his career as Engineer at Essar Steel. Later on he completed PGDM in Financial management at joined to UTI Mutual Fund and worked as Equity Analyst. He worked with UTI for over three years. Before his second stint with UTI Mutual Fund starting April 2006, Harsha gained considerable experience on Indian equity markets working as research analyst in local and foreign broking houses; he has also gained valuable experience in the areas of business analysis and finance working at Reliance Industries and Reliance energy.

7. Sankaran Naren

Sankaran Naren is a fund manager and CIO at ICICI Prudential, where he manages Indian equity portfolios. He has worked with various financial services companies, including Refco Sify Securities India and HDFC Securities. Sankaran has an MBA from the Indian Institute of Management, Kolkata. Out of hours, he is a very keen bridge player.

8. Sohini Andani

Sohini Andani joined SBI Mutual Fund as Head of Research in 2007 and was subsequently promoted as a portfolio manager in 2010. Prior to joining SBIFM, she was a senior research analyst at ING Investment Management. She has over 11 years of experience in research on the sales side. Her previous assignments were with leading broking outfits such as ASK Raymond James, LKP Shares and Securities, Advani Share Brokers and KR Choksey Shares and Securities. Sohini is a commerce graduate from Mumbai University and a Chartered Accountant from ICAI.

9. Shreyash Devalkar

Shreyash Devalkar is the Senior Fund Manager as Axis AMC. He joined the AMC in 2016 and took over the responsibility of managing important funds like Blue chip Fund, Midcap Fund, followed by Multicap Fund in 2017. Prior to this, he was associated with BNP Paribas AMC as a Fund Manager for more than 14  years. He has also worked as a Research Analyst at IDFC Asset Management Company (July 2008 to Jan 2011) and IDFC Securities (Sept 2005 to July 2008).

10. Ankit Agarwal

Ankit Aggarwal joined UTI in August 2019. Currently he is designated as the fund manager; Management of UTI Mid Cap Fund. He has more than 17 years of experience. Before joining UTI, he was working with Lehman Brothers, Barclays Wealth and also with Centrum Broking Limited as Senior Vice President. He graduated from National Institute of Technology (B.Tech.) and holds a Post Graduate Degree in Management (PGDM) from IIM, Bangalore.

Things to Consider While Choosing a Fund Manager

In most cases, you would actually be choosing a fund and not a fund manager. However, if a fund manager has a track record of delivering good performance, some investors may be interested in the funds managed by him/her. Here is how you can evaluate a fund manager.

Experience:

 Generally, the more experienced a fund manager is, the better he is. Experienced fund managers have seen the market in all its shades and hence know how to steer the portfolio through thick and thin. 

Past performance:

 You should examine a fund manager’s track record and analyze the performance of the portfolios managed by them. Are they able to match or deliver better returns than those of the benchmark or index?

Investment style:

 You should also consider a fund manager’s investment style and check whether it aligns with your investment aims and objectives. For instance, an aggressive style may not be suitable for you if you need a conservative fund.

Tenure with the fund:

 The longer the tenure of the fund manager with a specific fund, the more you can attribute the fund’s performance to him/her.

Stability:

 Does the fund manager stay with a fund house for long periods? Or does he/she jump ships too often? If a fund manager switches his job frequently, that’s not good for the investors in the funds managed by him/her.

Number of funds managed: 

If a fund manager has too many funds to manage, that could be negative as he/she may not be able to provide proper attention to all of them. Hence, always check the number of funds managed by a fund manager. He should identify the most suitable fund which is beneficial to the investors.

Active and passive fund management

Active management requires frequent buying and selling in an effort to outperform a specific benchmark or index. Active management portfolios strive for superior returns but take greater risks and entail larger fees.

Passive portfolio management can be referred to as index fund management. This is because a passive portfolio is typically designed to parallel the returns of a particular market index or benchmark as closely as possible.

Conclusion

We are trying our best to give you information about top 10 best Indian mutual fund managers. All the information is collected from various resources that are useful to you. All the information is updated day by day giving you priority access to knowledge. Thanks for reading our post.

If you don’t have sufficient time to operate in the security market and then you can choose to invest in mutual fund which can be managed by expertise personnel called fund managers with a hope of benchmark return.

By The Invest Advisory

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