Mirae Asset flagship scheme Mirae Asset India Opportunities Fund now renamed as Mirae Asset India Equity Fund has completed 10 years this week, said a company press release.
The multicap fund aims to capitalize on opportunities across large, mid and small cap stocks. Currently, the fund has more than 2.5 lakh folios and has an AUM of the fund is 6,775 crore.
In the press release, Swarup Mohanty, CEO, Mirae Asset Global Investments (India) said, “It is indeed a landmark moment for us at Mirae Asset as we complete 10 years of Fund Management in India. We believe that we have completed the first phase of our business in India where we have added track record to our funds and have been able to set up a sustainable business model for us here in India. We now embark upon phase two of our business where we would want to graduate from being known as Equity biased Fund house to becoming a complete fund house, demonstrating strength in all asset classes namely equity, debt and real estate.”
Mirae Asset Mutual Fund currently manages 5 equity funds and4 debt funds and has an AUM of Rs 17,360 crores across its funds. The AMC has over 9 lakh folios with an SIP book of more than Rs. 250 crore per month.
