Fund manager changes : 187 Fund Manager Changes for Equity Funds

One of the things that worry the slightly evolved mutual fund investors is change in fund managers. By the time you figure out that some of the equity funds you have chosen are actually making good money, and that this was because of the actions of someone called a fund manager, you could be hit with the news that the fund manager is changing.

And then they hear a fund manager has changed. This happens a lot. Over the last 24 months alone, there have been 187 fund manager changes for equity funds. The total equity assets managed by the Indian fund industry is Rs2 lakh crore. Over the last 24 months, there has been a change in fund managers handling about Rs98,000 crore - almost half of the total industry.

There have been a few cases when a fund manager's exit has led to a slump in funds' performance. However, there have been some cases when a new fund manager has proven to be better than the old one. At the end of the day, there is little in it except to say that when a fund manager changes, investors have to be extra vigilant in monitoring their fund for any changes in performance.