Have you ever wondered how your fund manager gets assigned the funds? This is not much of a question when it comes to a small fund house, but a large one has a big team of fund managers and many mutual fund schemes.
Such fund houses have to figure out who will manage what. ICICI Prudential Asset Management Co. Ltd, India’s largest mutual fund house with assets under management (AUM) of about Rs1.93 trillion, has about 17 fund managers across equity and debt, who manage close to 150 schemes, excluding schemes like fixed-maturity plans.
