A career in fund management can be made by obtaining CFA credential. A fund manager is responsible for providing advice and service to private corporations about buying and selling investment shares. This helps such corporations in maximising their returns.
Day-to-Day Responsibilities of a Fund Manager
After years of working experience with funds, the knowledge of its operations and management helps to give recommendations to clients for investments. In fact, fund managers often trade and invest assets on behalf of clients. They research the market to determine the best stocks and bonds to buy and sell them for their respective companies. A supportive team of analysts and traders assist the fund manager to perform all these activities at large sized companies. The responsibilities of this designation include reports on funds’ status for clients and reports on risks and objectives of funds. They develop investment strategy and manage trading activities considering clients’ goals and their comfort towards various risk factors and also ensure that assets are managed in the most cost-effective way. It is their duty to make sure that the funds operate in accordance with regulations outlined by authorities such as the Securities and Exchange Board of India (SEBI).
In the initial phase of this career, a lot of time is spent in analyzing financial results of companies and getting to know how companies operate. In this career path, it is important to stay updated with the latest in finance and economic news in order to make better investment decisions for your company.
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