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Mirae Asset targets Rs 40,000 cr AUM

Mirae Asset targets Rs 40,000 cr AUM
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Mirae Asset Mutual Fund, a part of Mirae Asset Global Investment India Private Limited, on Tuesday said its assets under management AUM would cross Rs...

Hyderabad: Mirae Asset Mutual Fund, a part of Mirae Asset Global Investment (India) Private Limited, on Tuesday said its assets under management (AUM) would cross Rs 40,000 crore this year.

“Our equity AUM has crossed the important threshold of Rs 20,000 crore, with the overall AMC AUM crossing Rs 23,500 crore as on January 31, 2019, and the company witnessed a growth of more than 50 per cent in 2018 calendar year,” Swarup Mohanty, CEO, Mirae Asset Global Investments (India), told the media here.

The company’s flagship fund Mirae Asset India Equity Fund completed a decade and crossed Rs 10,000 crore in AUM. The AMC has broken into the top 16 AMCs based on AAUM and is at 13th position based on Equity Assets).

“Mirae Asset has witnessed a significant surge in the number of investor folios with more than 11.98 lakh investor folios (including more than 6.15 lakh SIP investors) as on December 31, 2018. The SIP flows have also grown significantly and have grown from Rs 29 crore in March 201616 to monthly inflows of Rs 273 crores in December 2018,” he added.

The company has a branch in Hyderabad since 2016.

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