What is a fund manager?
In simple words, a fund manager is someone who manages funds. But there is a difference between a fund manager and a broker. Broker is an individual who sells or buys shares. Whereas, a fund manager is a person who takes care of the entire portfolio of shares.
A fund manager is not a financial expert, but he is responsible for the investment of the money and the security of the investments. He is supposed to take care of the entire process from the initial stages to the final stages.
Who can be a fund manager?
A fund manager is not a profession. It is an occupation. And it is not an easy job. A person needs to have certain skills and knowledge to become a fund manager.
Fund managers are required to have a thorough understanding of financial markets and the securities that are traded in the market. They need to know about the risks and the benefits associated with the securities.
They are also required to have good communication skills. A fund manager needs to communicate with his clients and investors. He needs to explain them the various processes that are involved in the trading of the securities.
He also needs to ensure that he has the right information and data to take the right decisions.
A fund manager is also required to have a good understanding of the various accounting principles and regulations. He needs to understand the accounting and auditing procedures.
Conclusion:
I hope this post will help you to know more about “How to Become a Fund Manager?” If you want to become a fund manager then you can follow the mentioned steps. You can also become a fund manager by investing in mutual funds. But it is not an easy task as it requires lots of hard work and dedication.