With 10x growth in last five years, the assets under management (AUM) of Mirae Asset MF has touched the Rs 1-lakh crore mark, the company said in a press release on Wednesday. The asset manager is the eleventh fund house in India to achieve this milestone.
"This important milestone of Rs.1 lakh crore has been very valuable in our journey. The growth in SIP flows is the most significant achievement, as the SIP is a forward call on an organization by both advisors as well as investors," said CEO Swarup Mohanty.
The fund house said it has witnessed a significant surge in the number of new clients and SIP inflows in recent years. It has over 43 lakh investor folios and almost a third of it are SIP accounts. In September, the fund house received Rs.796 crore through SIPs.
The fund house currently manages 8 equity funds (AUM of Rs.84,281 crore), 3 hybrid funds (AUM of Rs.7,211 crore), 9 open-ended debt funds (AUM of Rs.7,146 crore), 6 ETFs and 4 fund of fund schemes (AUM of Rs.2,568 crore).
