Mirae Asset Mutual Fund crosses Rs 1 lakh crore AUM mark

Mirae Asset Mutual Fund has informed that the fund house has crossed a milestone of Asset Under Management (AUM) of INR 1,00,000 crore as on 14t October 2021. The fund house in a virtual press conference said that its AUM has seen a 10x growth in 5.5 years. The fund house also saw investor folios crossing 43.7lakh (with close to 15.4 lakh Systematic Investor Plan (SIP) investors). The SIP flows have also grown to Rs.796 crore in September 2021.

“It has been a great journey for Mirae Asset India with robust growth for our investors. This important milestone of Rs 1 lakh crore has been very valuable in our journey as we have sought this position by maintaining risk management framework and customer centricity which have been instrumental in winning trust of our clients as well as distributor partners,” said Swarup Mohanty, CEO, Mirae Asset Investment Managers (India).

Mohanty added that, “The growth in SIP flows is the most significant achievement, as the SIP is a forward call on an organization by both advisors as well as investors. It is our endeavor to provide a smooth investment experience for our investors and help them in their wealth creation journey. The AMC is charting the future growth strategy with focus on fixed income and passive offerings, along with equity where it has already created a strong foothold. ”

Mirae Asset Investment Managers currently manages eight equity funds with an AUM of Rs 84,281 crore, three hybrid funds with AUM of Rs 7,211 crore, nine open ended debt funds with AUM of Rs 7,146 crore, six ETFs and four fund of fund schemes with AUM of Rs 2,568 crore.


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.