Large bonuses at MFs after record year; staff may get 40-100% of annual pay

Mutual fund (MF) employees will pocket bumper bonuses for 2017-18, a period characterised by record sales and exponential asset growth. The bonuses will range from 40-60 per cent. Payouts for top-performing fund managers will be up to 100 per cent of their annual pay, said officials in the know.

MFs have garnered record assets in the past one year, led by increased investor participation through systematic investment plans (SIPs) and robust returns in mid-cap schemes. The shift in investor preference from physical assets such as real estate and gold to financial savings has also boosted inflows into the sector.

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