IIFL AMC has crossed AUM of Rs.50,000 crore. The fund house's aggregate AUM comprising alternative assets and mutual funds (MF) rose to Rs. 50,019 crore from Rs.37,372 crore on March 31, FY21, said the company press release.
The mutual fund AUM stands at Rs.3,453 crore while the alternates and investment mandates are at Rs. 46,566 crore.
Karan Bhagat, Founder, MD & CEO, IIFL Wealth & Asset Management said, “We have witnessed a resounding acceptance from Ultra HNIs, HNIs, family offices and global institutions and have emerged as an AMC of choice for investments in India.” Karan Bhagat added.
Manoj Shenoy, CEO, IIFL AMC, said, “Crossing the landmark number of Rs. 50,000 crore AUM is both humbling as well as inspiring. We significantly strengthened our senior leadership team with Anshuman Goenka joining us to lead Private Equity and Amar Merani joining us to head the Real Estate strategy.”
Anup Maheshwari, CIO, IIFL AMC, said, “Our core objective is to deliver alpha to our clients – across products, investment performance and service quality. Crossing the Rs.50,000 crore assets mark is an important milestone in our journey of wealth creation for our clients.”
