In line with SEBI guidelines, Mirae Asset AMC has segregated its real estate, venture capital, and mutual fund business. The fund house has formed a holding company to restructure its business.
The fund house believes that this segregation would help them help diversify business activities in India and explore other opportunity in the financial services space. In fact, the company has shared its plan to foray into NBFC business.
“At an AMC level, nothing changes. There would be no exit load applicable as the entire mutual fund business remains as it is. We would continue to focus on the product development process like we have done in the past. Our whole endeavour would be to ensure that our products remain consistent so that our partners and investors derive a good experience in investing with us.” Swarup Mohanty, CEO, Mirae Asset.
