BENGALURU: Mutual funds are a popular term in today’s world, but for some reason a large section of the public prefers to stay away when it comes to investing in it. Some keep away because they are not fully satisfied with the returns, while some not really interested. In that regard, various fund houses are releasing a list of high ranking insiders that invest in their own schemes in a bid to attract investors. Here we take a look at those managers who have invested buoyantly in their own funds as compiled by Outlook Asia Capital. 

The list is headed by Prashant Jain of HDFC Mutual Fund, who has a staggering estimate of Rs 107 crore invested in different schemes that HDFC offers. He is followed by Sankaran Naren, CIO of ICICI Prudential Mutual Fund, who has over 20 crore invested in the ICICI Pru Dynamic Fund. Rajeev Thakkar, CIO and Director of PPFAS Mutual Fund is said to be more bullish as he has invested more than 7 crore on PPFAS Long Term Value Fund. The amount is more than one percent of the scheme’s total Assets Under Management (AUM) of Rs 664 crore.  Thakkar states, “Many people see fund professionals as perma bulls who are permanently bullish on equities. The disclosures of personal and sponsor investments tell the world whether they believe in their own talk.”

While one has seen huge investments being made by managers, there are also instances where very little or no investments have been done by Fund Managers. Nilesh Shah, Managing Director of Kotak Mutual Fund is of the view that investing in one’s own schemes is a confidence boosting measure to create trust among partners and investors.

Read Also:

Madhya Pradesh to Gain Greater Benefits through GST

Top Seven Companies Take Cumulative Hit Of 29,907 Crore In M-Cap