Mirae asset mutual fund crosses Rs. 1 lakh crore aum

Mirae asset mutual fund crosses Rs. 1 lakh crore aum

The Asset Under Management (AUM) of Mirae Asset Mutual Fund has surpassed the critical Rs. 1,00,000 crore mark (as on 14th October 2021). Mirae Asset Mutual Fund has seen a tremendous increase in new clientele, with investor folios exceeding 43.7 lakh (including around 15.4 lakh Systematic Investor Plan (SIP) customers). SIP flows increased dramatically in September 2021, reaching Rs. 796 crore.

"It has been an incredible journey for Mirae Asset India, with tremendous growth for our investors," said Swarup Mohanty, Director & CEO, Mirae Asset Investment Managers (India) Pvt. Ltd. This significant milestone of Rs.1 lakh crore has been extremely beneficial in our journey because we achieved it by adhering to a risk management framework and emphasising customer centricity, which have been vital in earning the trust of our clients and distributor partners. The increase in SIP flows is the most significant accomplishment, as the SIP is a forward call on an organisation made by advisers and investors alike. Our goal is to ensure that our investors have a positive investment experience and to assist them in their wealth creation path. The AMC is developing its future expansion strategy with an emphasis on fixed income and passive offerings, as well as equity, where it currently has a significant presence."

Mirae Asset Investment Managers (India) Pvt. Ltd. currently manages eight equity funds with an aggregate asset value of Rs. 84,281 crore, three hybrid funds with an asset value of Rs. 7,211 crore, nine open ended debt funds with an asset value of Rs. 7,146 crore, six exchange traded funds, and four fund of fund schemes (AUM of Rs. 2,568 crore).

Mirae Asset Group is devoted to India's long-term growth. To achieve its goal of becoming a market leader in asset management, the group has expanded its footprint in other financial verticals, including broking, lending (NBFC), private equity, real estate, and alternative products, and the firm continues to diversify its product offering across asset classes.