SALARY OF FUND MANAGERS

Recently it has been revealed that remuneration of HDFC Mutual Fund's CEO Milind Barve and Prashant Jain, executive director and CIO, stands at Rs 6.25 crore and Rs 6.16 crore respectively. In addition, Barve's pay package includes Rs 19.96 crore from exercise of Esops, while Jain earned Rs 16.33 crore. These are one-time payments and not part of the annual salary. These Esops were granted over the period of 2008-2013. 

In the case of ICICI Prudential, the fund's CEO Nimesh Shah earned Rs 5.4 crore in 2015-16, while its CIO S Naren earned Rs 4.75 crore in the period. Reliance Mutual Fund's CEO Sundeep Sikka earned Rs 3.5 crore as salary and Rs 10.24 crore as 'one-time payment' in 2015-16.

The fund's equity CIO Sunil Singhania earned Rs 3.36 crore as fixed salary and Rs 4.64 crore as 'one-time payment'. Reliance's debt CIO Amit Tripathi earned Rs 1.64 crore as fixed salary and Rs 89 lakh as 'one-time payment'.

Link:http://economictimes.indiatimes.com/mf/mf-news/your-mutual-fund-manager-takes-home-up-to-rs-6-crore/articleshow/52084510.cms

These figures show much the fund manager earns. Now let us have a look at what the fund looks like or how much return does the funds generate:

Diversified Equity

Crisil Rank

NAV (Rs./Unit)

1 yr Return (%)

AUM (Rs. cr.) Dec 15

HDFC Equity Fund (G)

Rank 5

419.92

-6.9

14,512.78

Reliance Equity Oppor - RP (G)

Rank 3

66.42

-6.8

10,399.26

ICICI Pru Value Discovery Fund (G)

Rank 1

110.23

-0.2

9,705.72

Link:http://www.moneycontrol.com/mutual-funds/top-rated-funds

These are the largest funds in the section of Diversified Funds of each of HDFC, Reliance and ICICI. Also, do note that these are the funds which have the largest Assets under management(AUM) of each of these three fund houses, which is why the returns are low.