News From Press Paisabazaar crosses Rs 1000 crore of asset under management through its MF portfolio

Paisabazaar crosses Rs 1000 crore of asset under management through its MF portfolio

Source: ET Dec 14, 2017

Online marketplace Paisabazaar said that total assets under management (AUMs) garnered through its Mutual Funds product crossed the Rs 1000 crore mark last month and they are on track to reach Rs 1500 crore of AUM by March 2018.

Paisabazaar launched Mutual Funds on its platform in April, 2016 and has over 20 partners, which includes India's top asset management companies, on board. Paisabazaar's Mutual Fund business provides investment solutions to retail consumers as well as specialized advise to HNIs and institutions.

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