'We Believe The Entire Mutual Fund Industry Pie Will Increase'

Swarup Mohanty, the newly appointed CEO of Mirae Asset India, spoke to BW Businessworld on their challenges to growth, the role of IFA’s and Financial Planners in the distribution business, and Mirae Asset’s future plans to take the future head on while remaining patient and sticking to the basics.

1. As the recently appointed CEO of a relatively new and fast growing AMC in an industry dominated by the big players, what challenges do you foresee to your growth in the next 3-5 years? 
I have been associated with Mirae Asset now for 5 years, 4½ years as Head of Sales and it is just the beginning of my stint as CEO (6 months). The journey so far has been very satisfying. Mirae Asset has grown 10 times in AUM in the last 3 years. We are now at 4,500 crore of Total AUM of which over 4300 Cr is in Equity Assets. We are already amongst the Top 20 AMC's based on Equity Assets.

Click here to read more>>