Motilal Oswal AMC’s equity assets under management, including PMS, has crossed Rs. 10,000 crore in May, said a press release issued by the fund house.
“We would like to thank our investors and distribution partners for giving us the opportunity to demonstrate our expertise. Businesses are built on differentiation and MOAMC has differentiated itself in the market place by staying away from the clutter of me-too business techniques and product plans in the AMC landscape. We are in the business to create wealth through equities for our investors and we will continue to remain focused on the same with minimal distractions,” said Aashish P Somaiyaa, MD & CEO, MOAMC in the release.
As on May 2016, its equity AUM stood at Rs. 11,159 crore, inducing PMS. The AMC’s assets are equally balanced in mutual funds and PMS. Of the Rs. 11,159 crore total AUM, its mutual fund AUM stands at Rs. 5,450 crore.
Of the Rs. 5,450 crore MF AUM, 97% consists of equity assets, which includes ETFs and ELSS. “MOAMC has achieved this AUM with 2 lakh MF folios of which nearly 50% are through SIPs,” says the release.
