A significantly large section of fund managers come from the brokerage industry where research analysts rise in the ranks to directly manage funds. But the brokerage industry has largely been a male bastion. Increasingly, fund houses are realising that it s best to recruit women directly at trainee levels and groom them for higher responsibilities.
The smaller states have shown a high growth in AUM originating from the region, partly due to a lower base effect but mostly due to greater interest in mutual funds. Dig deeper, and you see a starker picture the number of branches in many such places is negligible.
The potential for higher returns from investing directly in stocks comes with additional risks. For most investors, who neither have the time nor the skill to properly analyse stocks, mutual funds should form the core of their equity exposure.
The secured NCDs have been assigned A rating with a Stable outlook by Crisil Ratings. The issue will come with tenors of 18, 27, and 36 months and offer effective yields of 10.47-11.19% per annum.