Plainly speaking, fund managers manage the funds of the organization they are working for. They play a very crucial role in guiding the management to make intelligent decisions in investment plans and fund-saving strategies. A fund manager usually works in a financial institute, and depending on the size of the company, he could be working alone or in conjunction with an investment analyst. The investment analyst will study the benefits and advantages of different investment plans and share his opinions with the fund manager. The plan they choose for their company will be done on the basis of their discussion. Fund managers are really important in financial institutions because people need funds for growth. Growth through intelligent investment plans will be shaped by the risks taken by the fund manager. Hence, he must be pretty careful, yet brave enough to take risks; his competency is judged by the level of growth he is able to procure.
The main responsibility of the fund manager is to protect his client's money. Funds, even when they are invested judiciously would have to suffer certain risks before they attain growth; a competent fund manager would go through the market trends and choose an option that is less risky for his client. In effect, the decisions he take would make him responsible for the outcome of the funds. It is the responsibility of the fund manager to ensure that the funds they delegate in each investment plan work in accordance with rules mandated by Securities and Exchange Board of India.
• Strong managerial skills
• IT skills
• Numerical and analytic skills