News From Press Small fund houses focus on equity assets

Small fund houses focus on equity assets

Source: Business Standard Jul 1, 2016

Quite a few of the smaller fund houses are focusing on expanding the assets under management (AUM) in equity.

Motilal Oswal MF has raised its equity AUM to about Rs 5,000 crore from around Rs 300 crore three years earlier. In the same period, Mirae Asset MF and BNP Paribas MF have raised equity assets by about Rs 2,000 crore each, from a small base of around Rs 500 crore. Canara Robeco MF, IDBI MF and LIC MF have increased their equity assets by a little more than Rs 1,000 crore.

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