IDFC Mutual Fund crossed Rs. 1 lakh crore AUM earlier this month.
At a time when the industry AUM saw a growth of 4% between April to September 2019, IDFC Mutual Fund’s AUM grew by 39%. During this period, the fund house saw a growth of Rs. 56,973 crore, in its fixed income business other than liquid funds, a 48% growth. The fund house now manages 1 million investor folios across 200 cities.
With this, the fund house become 10th fund house to reach Rs. 1 lakh crore AUM.
“In addition to the size, the quality of our growth is also noteworthy”, said Vishal Kapoor, CEO, IDFC Asset Management Company, “Our growth was diversified across segments and channels, and we maintained our focus on core, long-term assets. We picked up pace in welcoming more new clients, SIPs as well as activating new distribution partners.”
