IDFC Mutual Fund Management Trainee Salaries by 5 Employees

0 - 1 year exp.

₹5.5 Lakhs - ₹6.3 Lakhs

Low Confidence

Salary of majority employees

21% less than the average Management Trainee Salary in Financial Services Companies for 0 - 1 year of experience

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Salaries in different departments

BFSI, Investments & Trading Management Trainee Salary 1 year exp. (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.5 L/yr
Customer Success, Service & Operations Management Trainee Salary Fresher (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.5 L/yr
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Sales & Business Development Management Trainee Salary Fresher (AmbitionBox Estimate)	₹5.6 L/yr - ₹6.9 L/yr

Last Updated: 16 Aug 2024

Companies similar to IDFC Mutual Fund for Management Trainee

Company name	Avg Annual Salary	Open Jobs
CSC Management Trainee Salary 0 - 3 years exp. (65 salaries)	₹2.4 L/yr - ₹12 L/yr 24% more
Kotak Securities Management Trainee Salary 0 - 2 years exp. (46 salaries)	₹3.5 L/yr - ₹12.6 L/yr 24% more
Login to view exact salary
ICICI Home Finance Management Trainee Salary 0 - 3 years exp. (42 salaries)	₹4 L/yr - ₹13 L/yr 61% more
National Stock Exchange of India Management Trainee Salary 0 - 2 years exp. (28 salaries)	₹5 L/yr - ₹17.9 L/yr 72% more
Vastu Housing Finance Management Trainee Salary 0 - 2 years exp. (25 salaries)	₹3.3 L/yr - ₹6 L/yr 26% less
Macquarie Group Management Trainee Salary 0 - 3 years exp. (23 salaries)	₹8 L/yr - ₹10.3 L/yr 61% more
Aadhar Housing Finance Management Trainee Salary 0 - 2 years exp. (16 salaries)	₹1.9 L/yr - ₹3 L/yr 58% less
SBI Cards & Payment Services Management Trainee Salary 0 - 1 year exp. (15 salaries)	₹5 L/yr - ₹10 L/yr 36% more
Pine Labs Management Trainee Salary 0 - 3 years exp. (14 salaries)	₹5 L/yr - ₹12.4 L/yr 106% more
Axis Direct Management Trainee Salary 0 - 3 years exp. (7 salaries)	₹3.5 L/yr - ₹4.1 L/yr 33% less
Invesco Management Trainee Salary 0 - 4 years exp. (7 salaries)	₹5.5 L/yr - ₹18.3 L/yr 105% more
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Consero Global Solutions Management Trainee Salary 0 - 1 year exp. (6 salaries)	₹3.6 L/yr - ₹3.7 L/yr 39% less
Anand Rathi: Online Stock Trading & Advisory Management Trainee Salary 0 - 2 years exp. (5 salaries)	₹4.5 L/yr - ₹6.2 L/yr 2% more
TIAA Global Business Services Management Trainee Salary Fresher (4 salaries)	₹3 L/yr - ₹10.5 L/yr 9% more
SBI Mutual Fund Management Trainee Salary 0 - 1 year exp. (4 salaries)	₹3 L/yr - ₹6.7 L/yr 5% more

Management Trainee salary at IDFC Mutual Fund ranges between ₹5.5 Lakhs to ₹6.3 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 5 latest salaries received from various employees of IDFC Mutual Fund.

Experience wise IDFC Mutual Fund Management Trainee salaries

Last Updated: 16 Aug 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹5.5 L/yr - ₹6.3 L/yr
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1 year (AmbitionBox Estimate)	₹5.5 L/yr - ₹5.9 L/yr

Similar Designation salaries in IDFC Mutual Fund

Finance Executive Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Process Associate Salary

(5 salaries)

₹2.25 L/yr - ₹3 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹7.4 L/yr - ₹9.4 L/yr

Relationship Manager Salary

(4 salaries)

₹2.4 L/yr - ₹6 L/yr

Salary related reviews for IDFC Mutual Fund

5.0

Rated by 1 employees for salary & benefits

Manager in Lucknow

Full Time

Sales & Business Development Department

2.0

• posted on 07 Jul 2023

1.0

for Salary and Benefits

Likes

Work culture is good up to some extent.

Work-life balance - Excellent

Dislikes

I must say worst ever HR policies. I dont believe after working 1.5 years, when I have resigned they fully recovered my last year bonus. Such a shameful act. People are in chill mood here, no one cares you work or not. Most of the people involve in fake claims only no work at all. Feel bad for the sponser of this company.

Salary - Bad

+4 more

Operations Executive in Mumbai

Customer Success, Service & Operations Department

5.0

• posted on 18 Nov 2018

4.0

for Salary and Benefits

Likes

...under her. Currently working on contract basis but don't worry about it anytime. Salary always on time. Awesome teams member with whom does not feel workalcohic.

Salary - Good

+5 more

Dislikes

Always depending upon the reporting manager you will get to under.

Assistant Vice President

BFSI, Investments & Trading Department

2.0

• posted on 27 Mar 2018

2.0

for Salary and Benefits

Likes

Good Tools and Training.

Skill development - Good

Dislikes

Work-Life balance non-existent as company does not want to hire additional hands. You land-up doing all the work yourself. Seniors incompetent and non-understanding of your problems. Daily monitoring and concalls. Cannot focus and doing work.

Salary - Poor

+3 more

VRM in Thane

Mutual fund Department

4.0

• posted on 19 Oct 2018

3.0

for Salary and Benefits

Likes

IDFC MF is a good AMC. The fact is that I was the part of this. This AMC motivate their employees and help to achieve their goals and take care of their employees needs. The peoples work in this AMC come from different backgrounds different cast work happily and we become like a family. I had started my career with IDFC and in future if again i got change to work with IDFC I will not miss the opportunity. IDFC is my favourite.

Skill development - Good

+3 more

Dislikes

Gave the best to IDFC but still i am on off role.

Job security - Poor

Operations Executive in Patna

Customer Success, Service & Operations Department

4.0

• posted on 29 Oct 2018

1.0

for Salary and Benefits

Likes

I like the branch team with whom the cordination balance was good. Branch team was supportive and humble. The work culture created by team member will make you attract to work with company.

Dislikes

Top management does not think about the offrolls employee. No proper regular traings and workshops. Branch level team is good.

Salary - Bad

+2 more

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a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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IDFC Mutual Fund Management Trainee Salary FAQs

What is the salary of Management Trainee at IDFC Mutual Fund ?

The average salary of a Management Trainee at IDFC Mutual Fund in India typically ranges from ₹5.5 Lakhs to ₹6.3 Lakhs per year, depending on experience (from Fresher to 1 year).

The top 10% of Management Trainee at IDFC Mutual Fund earn more than ₹6.3 Lakhs per year, and the top 1% earn over ₹6.3 Lakhs per year. Management Trainee Salaries at IDFC Mutual Fund can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 5 IDFC Mutual Fund employees in India.

What is the estimated take home salary of a Management Trainee at IDFC Mutual Fund in India?

The estimated take-home salary of a Management Trainee at IDFC Mutual Fund in India typically ranges from ₹44,067 to ₹45,172 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹6.3 Lakhs per year for employees with experience ranging from Fresher to 1 year.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of IDFC Mutual Fund. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IDFC Mutual Fund for Management Trainee in India?

Pine Labs	₹5.0 Lakhs to ₹12.4 Lakhs per year
Invesco	₹5.5 Lakhs to ₹18.3 Lakhs per year
National Stock Exchange of India	₹5.0 Lakhs to ₹17.9 Lakhs per year
ICICI Home Finance	₹4.0 Lakhs to ₹13.0 Lakhs per year
Macquarie Group	₹8.0 Lakhs to ₹10.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IDFC Mutual Fund, depending on the role and experience level.

What is the salary of a Management Trainee in companies similar to IDFC Mutual Fund in India?

The salary of a Management Trainee at companies similar to IDFC Mutual Fund in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI Cards & Payment Services	₹5.0 Lakhs to ₹10.0 Lakhs per year
CSC	₹2.4 Lakhs to ₹12.0 Lakhs per year
Kotak Securities	₹3.5 Lakhs to ₹12.6 Lakhs per year
TIAA Global Business Services	₹3.0 Lakhs to ₹10.5 Lakhs per year
SBI Mutual Fund	₹3.0 Lakhs to ₹6.7 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Management Trainee at IDFC Mutual Fund in India?

The salary growth for a Management Trainee at IDFC Mutual Fund depends on factors such as experience, performance, and promotions. On average, a Management Trainee can expect the following growth trajectory at IDFC Mutual Fund:

Experience	Average Salary Range
Fresher	₹5.5 Lakhs to ₹6.3 Lakhs per year
1 year	₹5.5 Lakhs to ₹5.9 Lakhs per year

and so on.

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IDFC Mutual Fund Management Trainee Salaries

IDFC Mutual Fund Management Trainee salary in India ranges between ₹5.5 Lakhs to ₹6.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 IDFC Mutual Fund latest salaries received from various employees of IDFC Mutual Fund.