The rising attrition in mutual funds

Asset management companies (AMCs) are on a roll, with the total assets under management (AUM) doubling to Rs 23 trillion in the last four years. Even as the party is on, the top bosses are facing some headaches already, with many chief investment officers (CIO) and fund managers cashing in on the boom by pressing the exit button. This has been happening for a while, but the momentum of exits has increased in recent times. In a way, every industry goes through this process. But AMCs are still struggling to find out ways to tackle this talent exodus. The CEO of a leading AMC says, this is .....

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