Are fund managers necessary? | Do you need money managers?

The response is a resounding, emphatic YES! It is crucial to keep in mind that creating strong performance relies heavily on experience in managing money and making investments. The likelihood of making effective investing selections increases with experience.

Read:- Are all Mutual Funds risky? | Do all mutual funds include risk?

The fund manager is comparable to a doctor in an operating room. Although the surgeon performs the crucial operative procedure, assistant surgeons, anaesthetists, nurses, and other support staff help him. Similar to how the operations team, junior fund managers, and the research team support the fund manager. The fund manager has access to the most recent data, reports, and analysis, just as a surgeon does to ensure a successful procedure.

Read:- Diversify risk, for potential rewards 

A seasoned fund manager will have witnessed several economic cycles, corporate advancements, political shifts, and policy alterations. The performance of investments is affected by these problems. A fund manager brings not only their own expertise and competence, but also the collective wisdom from the information and data that he has access to, since all these issues are typically beyond the comprehension of the average investor.