News From Press PGIM looks for domestic AMC acquisition to grow faster

PGIM looks for domestic AMC acquisition to grow faster

With a mutual fund AUM of Rs 4,300 crore, PGIM India MF is ranked 29th, making it one of the smallest among the 40-odd players who manage over Rs 27.5 lakh crore funds.

ET Sep 30, 2020

Prudential Global Investment Managers (PGIM), which has set a target of being among the top 10 fund houses over the next five years in the country, is looking for an acquisition to drive its mutual fund business here, a top company official has said. With a mutual fund AUM of Rs 4,300 crore, PGIM India MF is ranked 29th, making it one of the smallest among the 40-odd players who manage over Rs 27.5 lakh crore funds.

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