IDFC Mutual Fund Mumbai Manager Salaries by 20+ Employees

2 - 9 years exp.

₹6.5 Lakhs - ₹10 Lakhs

Avg. annual salary

Monthly In-hand Salary

49% less than the average Manager Salary in Financial Services Companies for 2 - 9 years of experience

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Salaries in different departments

Marketing & Communication Manager Salary 2 - 4 years exp. (5 salaries)	₹6.5 L/yr - ₹8.1 L/yr
Finance & Accounting Manager Salary 2 - 7 years exp. (4 salaries)	₹6.5 L/yr - ₹8.3 L/yr
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Sales & Business Development Manager Salary 2 - 6 years exp. (4 salaries)	₹7.2 L/yr - ₹10 L/yr
BFSI, Investments & Trading Manager Salary 4 - 7 years exp. (3 salaries)	₹8.6 L/yr - ₹9.1 L/yr
Consulting Manager Salary 4 - 6 years exp. (3 salaries)	₹8 L/yr - ₹9 L/yr

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Last Updated: 25 Mar 2024

Companies similar to IDFC Mutual Fund for Manager in Mumbai

IDFC Mutual Fund Manager Salary

2 - 9 years exp. (21 salaries)

₹6.5 L/yr - ₹10 L/yr

Company name	Avg Annual Salary	Open Jobs
National Stock Exchange of India Manager Salary 2 - 14 years exp. (265 salaries)	₹8 L/yr - ₹27.5 L/yr 89% more
Kotak Securities Manager Salary 0 - 16 years exp. (244 salaries)	₹3.9 L/yr - ₹15 L/yr 2% more
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ICICI Home Finance Manager Salary 0 - 10 years exp. (89 salaries)	₹4.8 L/yr - ₹18 L/yr 33% more
CSC Manager Salary 8 - 16 years exp. (51 salaries)	₹10 L/yr - ₹25 L/yr 118% more
Axis Direct Manager Salary 4 - 16 years exp. (48 salaries)	₹5 L/yr - ₹15.6 L/yr 40% more
Anand Rathi: Online Stock Trading & Advisory Manager Salary 4 - 17 years exp. (44 salaries)	₹5.2 L/yr - ₹11 L/yr 2% less
Pine Labs Manager Salary 5 - 13 years exp. (25 salaries)	₹8.3 L/yr - ₹21 L/yr 79% more
SBI Cards & Payment Services Manager Salary 5 - 17 years exp. (25 salaries)	₹7.5 L/yr - ₹16 L/yr 58% more
SBI Mutual Fund Manager Salary 4 - 14 years exp. (23 salaries)	₹6.3 L/yr - ₹18 L/yr 53% more
Ocwen Financial Solutions Manager Salary 11 - 18 years exp. (16 salaries)	₹15.4 L/yr - ₹41 L/yr 231% more	1 job opening
Morningstar Manager Salary 10 - 18 years exp. (14 salaries)	₹15.4 L/yr - ₹30 L/yr 203% more
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Macquarie Group Manager Salary 8 - 13 years exp. (10 salaries)	₹25 L/yr - ₹33.5 L/yr 249% more
Upstox Manager Salary 4 - 10 years exp. (9 salaries)	₹7 L/yr - ₹12.3 L/yr 24% more
Synchrony Manager Salary 3 - 8 years exp. (7 salaries)	₹13.5 L/yr - ₹18 L/yr 82% more
Vastu Housing Finance Manager Salary 4 - 18 years exp. (6 salaries)	₹4.5 L/yr - ₹9 L/yr 28% less
Aadhar Housing Finance Manager Salary 4 - 15 years exp. (6 salaries)	₹5.8 L/yr - ₹12.8 L/yr 9% more
Groww Manager Salary 3 - 7 years exp. (6 salaries)	₹10.6 L/yr - ₹20 L/yr 132% more
Franklin Templeton Investments Manager Salary 8 - 12 years exp. (5 salaries)	₹11.8 L/yr - ₹24 L/yr 153% more
Mashreq Global Services Manager Salary 8 - 16 years exp. (5 salaries)	₹25 L/yr - ₹32 L/yr 227% more
Kroll Manager Salary 7 - 12 years exp. (4 salaries)	₹7.5 L/yr - ₹21.5 L/yr 55% more	1 job opening

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Manager salary at IDFC Mutual Fund ranges between ₹6.5 Lakhs to ₹10 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 21 latest salaries received from various employees of IDFC Mutual Fund.

Experience wise IDFC Mutual Fund Manager salaries in Mumbai

Last Updated: 25 Mar 2024

Experience	Avg Annual Salary
2 years (3 salaries)	₹6.5 L/yr - ₹8.5 L/yr
3 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.5 L/yr
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4 years (5 salaries)	₹6.5 L/yr - ₹10 L/yr
5 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
6 years (3 salaries)	₹7.2 L/yr - ₹9.1 L/yr
7 years (4 salaries)	₹6.5 L/yr - ₹9.1 L/yr
8 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
9 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.8 L/yr

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Similar Designation salaries in IDFC Mutual Fund

Management Trainee Salary

(3 salaries)

₹5.5 L/yr - ₹5.9 L/yr

Salary related reviews for IDFC Mutual Fund

4.0

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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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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IDFC Mutual Fund Manager Salary FAQs

What is the salary of Manager at IDFC Mutual Fund in Mumbai?

The average salary of a Manager at IDFC Mutual Fund in Mumbai typically ranges from ₹6.5 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Manager in Mumbai at IDFC Mutual Fund earn more than ₹9.6 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Manager 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 20+ IDFC Mutual Fund employees in India.

What is the estimated take home salary of a Manager at IDFC Mutual Fund in Mumbai?

The estimated take-home salary of a Manager at IDFC Mutual Fund in Mumbai typically ranges from ₹61,484 to ₹63,043 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 2 years to 9 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 20+ 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 Manager in India?

Macquarie Group	₹25.0 Lakhs to ₹33.5 Lakhs per year
Ocwen Financial Solutions	₹15.4 Lakhs to ₹41.0 Lakhs per year
Mashreq Global Services	₹25.0 Lakhs to ₹32.0 Lakhs per year
TIAA Global Business Services	₹25.0 Lakhs to ₹26.5 Lakhs per year
Morningstar	₹15.4 Lakhs to ₹30.0 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 Manager in companies similar to IDFC Mutual Fund in Mumbai?

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

Franklin Templeton Investments	₹11.8 Lakhs to ₹24.0 Lakhs per year
Groww	₹10.6 Lakhs to ₹20.0 Lakhs per year
CSC	₹10.0 Lakhs to ₹25.0 Lakhs per year
National Stock Exchange of India	₹8.0 Lakhs to ₹27.5 Lakhs per year
Synchrony	₹13.5 Lakhs to ₹18.0 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 Manager at IDFC Mutual Fund in Mumbai?

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

Experience	Average Salary Range
2 years	₹6.5 Lakhs to ₹8.5 Lakhs per year
3 years	₹7.5 Lakhs to ₹9.5 Lakhs per year
4 years	₹6.5 Lakhs to ₹10.0 Lakhs per year
5 years	₹7.5 Lakhs to ₹9.6 Lakhs per year

and so on.

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IDFC Mutual Fund Manager Salaries in Mumbai

IDFC Mutual Fund Manager salary in Mumbai ranges between ₹6.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 21 IDFC Mutual Fund latest salaries received from various employees of IDFC Mutual Fund.