ASK Investment Managers has today announced that AUM in its PMS business has crossed Rs. 10,000 crore. The AUM of ASK Investment Managers has grown over six fold in the last four years to Rs. 10,000 crore from Rs.1,500 crore in September 30, 2013, said a press release issued by the company.
The company claims that it has emerged as the largest equity PMS or managed account services provider in the country, with almost 11 per cent of the domestic market share in overall discretionary equity assets managed under PMS structure.
Attributing the growth to the attractive performance, the company has said, “Our offerings have consistently and significantly outperformed the comparative benchmarks over long period of time. Our flagship PMS strategies – India Entrepreneur Portfolio and India Select have generated CAGR (as on 22nd March, 2017) of 22% (16+ years), 21% (7+ years) and 20% (7+ years) comfortably outpacing respective benchmarks by a wide margin, with Nifty registering CAGR of 13%, 9% and 9% respectively.”
With this, ASK Group AUM claims to have crossed Rs.30,000 crore.
