What are the steps taken by various AMCs to train their fund managers? Is there any course for making them good stock pickers because that is the fundamental thing?
- Jitendra
All AMCs are supposed to be diligent in hiring the people who work for them. There is a board of trustees that ensures that the right people are hired. However, there isn't a course or licensing mechanism for fund managers. But since the whole business of mutual funds depends on performance, AMCs are diligent about ensuring that a sensible person manages investors' money.
This article was originally published on August 17, 2012.
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