AUM of Motilal Oswal Mutual Fund has increased from Rs.4700 crore in February 2016 to Rs.8000 crore in February 2017, a growth of nearly 70% growth in AUM in a year.
If we include AUM of PMS and AIF, the fund house has touched close to Rs.18,000 crore AUM in February. While PMS contribute Rs.9500 crore in the overall AUM, AIF accounts for Rs.444 crore as on February 2017.
Aashish P Somaiyaa, MD & CEO attributed this growth to the good performance of schemes and support of distributors. He said, “Thanks to the focussed strategy, our funds have generated alpha. Our funds have outperformed their respective benchmarks by a wide margin over three year period.”
He further said, “We will remain dedicated to the vision of being a niche, focused, expert equity house with a focused investment philosophy and uncluttered product offerings. We are very excited by the prospects that the Indian asset management industry offers and there is abundant scope for us to create wealth for our investors with our equity expertise.”
