Do fund managers’ performance rely on gender and team size? Evidence from India

Abstract

The study investigates how gender and team size impact mutual fund manager’s performance. Using comprehensive collected data of 1,207 manager-funds observations from January 1991 to March 2022, we analyse the performance of Indian fund managers. The study also examines whether the age and tenure of fund managers affect the association between gender and team size with performance. Our result shows that female fund managers independently perform better than their male counterparts. The manager’s performance improves with an increase in the size of the team. We also discover that older male fund managers or those with shorter tenure managing funds perform superior in team-managed funds.