An Empirical Study:Factors Determining the Performance of Fund Managers in Indian Mutual Fund Industry

Abstract

This study explores the influences of factors determining the performance of fund managers among fund managers (Chief Investment office, Fund Manager and Investment Advisors). In addition, the study also understands the impact of demographic variables on factors determining fund managers' performance. The sample unit of the study was Manager dealing with Mutual fund Inc. The sample size of the study was 103 which was collected from Fund Managers which includes (chief investment officer, fund manager and investment advisors). Data collections were made in companies located in Bangalore and Mumbai. The study used factor analysis and one way analysis of variances to explore the factors determining performance, and reveal the relationship between the factors determining the performance of fund managers and demographic variables of fund managers respectively. The result of the study showed 5 factors derived from 14 variables, and each factor may be identified and named with the corresponding variables. One way analysis variances proved the statistically significant differences among some factors such as Expertise and Experience (EE), Strategy and Execution (S&E), External Stakeholders (ES) and demographic variables of fund managers.