Mirae Asset Mutual Fund has crossed AUM of Rs.10,000 crore on July 5, 2017.
In just one and a half year, the fund house witnessed triple fold increase in its AUM i.e. from Rs.3440 crore in March 16 to Rs.10,000 crore in July.
The fund house claims that it is one of the fastest growing AMCs in India. “The journey over the last 4 years has been even more impressive with 20 times growth in AUM (AUM was 500 crores on July, 2013),” said the fund house.
Mirae Asset has witnessed a significant surge in the number of new clients with the investor folios crossing 5 lakh (with close to 2.50 lakh SIP investors). The SIP flows have also grown from Rs. 29 crores in March 16 to monthly inflows of Rs.115 crores in May 17.
In a press release, Swarup Mohanty, CEO, Mirae Asset MF said, “It has been a great journey for Mirae Asset India over the last couple of years with robust growth backed with superior returns for our investors. This important milestone of Rs.10,000 crore has been a very valuable in our journey as we have sought this position by maintaining superior performance track record, risk management framework and customer centricity which have 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. We are extremely happy to see the faith in us growing amongst advisors and investors. It is our endeavor to provide superior investment experience for our investors and help them in their wealth creation journey.”
Mirae Asset Mutual Fund currently manages 5 equity funds, 3 debt funds and 1 fund of fund scheme.