Essel Mutual Fund, a recent entrant in the Indian mutual fund industry, is eyeing assets under management (AUM) of ₹8,000-9,000 crore by end-March 2019, a top official said.
This is against the current quarterly AUM average of about ₹1,700 crore. The expected growth is largely going to be led by liquid funds, Viral Berawala, Chief Investment Officer, Essel Mutual Fund, told BusinessLine here
Liquid funds
Currently, at about ₹1,000 crore, liquid funds account for a lion’s share of the overall AUM, he said.
It may be recalled that Essel Finance had in September last year completed the acquisition of Peerless Mutual Fund and re-branded itself as Essel Mutual Fund in October.