What Is a Fund Manager? And Its key responsibilities

MUMBAI, India - Feb. 15, 2024 - PRLog -- A fund manager is a financial professional who is responsible for overseeing and managing an investment fund. They make investment decisions on behalf of the fund's investors, with the goal of achieving the fund's stated objectives.

There are many different types of fund managers, each with their own area of expertise. Some common types include:

• Mutual fund managers: These managers oversee mutual funds, which are pools of money that are invested in a variety of assets, such as stocks, bonds, and real estate.
• PMS fund managers: Portfolio Manager, is an investment portfolio in stocks, fixed income, debt, cash, structured products and other individual securities.
• Pension fund managers: These managers oversee pension funds, which are pools of money that are used to provide retirement benefits to employees.
• Private equity fund managers: These managers oversee private equity funds, which are investment funds that invest in the equity of privately held companies.

Fund managers typically have a team of analysts and traders who help them with their research and investment decisions.

Here are some of the key responsibilities of a fund manager:

• Developing and implementing an investment strategy: This involves setting the fund's objectives, researching potential investments, and making decisions about which assets to buy and sell.
• Managing risk: Fund managers need to be aware of the risks associated with different investments and take steps to mitigate those risks.
• Reporting to investors: Fund managers are required to provide regular reports to investors on the performance of the fund.

Guidelines for Investing in PMS

There are certain guidelines to follow to invest in PMS. It is important to adhere to it as an investor while looking for the best portfolio management companies:

• We suggest a 3-year horizon for all your investments, because we believe in long term investing. We do not frequently churn your portfolio.
• Based on your risk profile you may select the various strategy that we presently have.
• We provide PMS services (https://libordpms.com/) only on Discretionary basis. That means we will select the companies for in investment on your behalf, you may opt for the strategy based on your risk appetite but the final selection of company will be done by our research department and decision will take by fund manager.
• Please note past performance does not guarantee future performance.
• We have appointed Axis Bank Ltd ---as our custodian for funds and custodian for shares is LBPL. You have to open a Depository account with Libord Brokerage Pvt. Ltd (https://libordbroking.com/).
• We have designated a system that will explain the Portfolio performance on quarterly basis.
• Minimum funds to be invested as required by SEBI is Rs. 50 lakhs.