Mirae Asset crosses Rs 25K crore AUM

Chennai: Mirae Asset Mutual Fund has announced that it has crossed threshold of Rs 25,000 crore witnessing more than 50 per cent growth in assets under management.

The firm that has been present for more than 10 years in India and crossed the feat earlier this month.

One of the fastest growing AMCs in India, the company over the last four and a half years has seen more than 50 times growth in AUM and is currently 12thbased on equity assets, stated a release.

Mirae Asset has witnessed a significant surge in the number of investor folios with more than 12 lakh investor folios as on 28 February. The SIP flows have also grown 10 times from Rs 29 crore in March 2016 to monthly inflows of Rs 290 crore in February this year.

CEO, Mirae Asset Global Investments (India), Swarup Mohanty, said, “It has been a great journey for Mirae Asset India over the last couple of years with robust growth. We have sought this position by maintaining a performance track record, risk management framework and customer centricity which has been instrumental in winning trust of our clients as well as distributor partners. The growth in SIP flows is the most significant achievement, as the SIP is a forward call on an organization by both advisors as well as investors.”

In addition to providing the traditional equity and fixed income products, the firm also ventured into the alternate product space and now has presence in venture capital, real estate, capital markets and alternate investment products in 2018.

NT Bureau