Radhika Gupta, CEO of Edelweiss Mutual Fund, has firmly rejected claims suggesting that India’s mutual fund managers lack experience. In her response to a controversial analysis, she argues that the conclusions drawn are misleading and based on flawed methodologies. Gupta emphasizes the importance of considering a fund manager’s overall experience rather than just their tenure with a specific fund.
Gupta criticizes the methodology that led to the conclusion about fund managers’ inexperience, stating it only considers time spent on specific schemes.
She argues that a fund manager’s entire professional background should be taken into account, not just their current role.
The analysis may unfairly disadvantage younger asset management companies that employ experienced managers but have shorter track records.
Gupta asserts that good performance can occur under different managers, highlighting strong processes within asset management companies (AMCs).
In terms of her Industry Expertise, She points out that many AMCs have seasoned Chief Investment Officers (CIOs) with extensive experience in market management.