Breaking News: Mirae Asset Mutual Fund Achieves Rs.2 Lakh Crore AUM
Mirae Asset Mutual Fund is an asset management company (AMC) that offers services related to mutual funds and finance. Mirae Asset Mutual Fund crossed Rs.2 lakh crore AUM. It has seen growth in its AUM for the past three years and has now become a leading mutual fund house in India.
Currently, Mirae Asset Mutual Fund manages 69 mutual fund schemes, of which 10 are equity schemes across diverse market caps and themes in India with a total AUM of Rs.1.47 lakh crore, 10 are debt-oriented schemes, and the net AUM is Rs.21,995 crore. Apart from this, there are 5 hybrid schemes with a net AUM of Rs.16,725 crore, and 25 are exchange-traded funds (ETFs) and have an AUM of Rs.12,998 crore. Mirae Asset Mutual Fund also includes seven index funds and 2 FoF (Fund of Fund) overseas schemes with an AUM of Rs.1,676 crore.
Mirae Asset Mutual Fund, which was established in 2008, and now this fund house makes its place in the top 10 asset management companies in India. The AUM has increased at a CAGR of 54% in the past five years.
Swarup Anand Mohanty, Vice Chairman and Chief Executive Officer of Mirae Asset Investment Managers (India), said, “We have come a long way since starting operations in 2008, growing with rapid speed. I dedicate this success first to our investors, who have trusted us over these years, and second to our distributors, who have tirelessly worked to take our products to investors and our employees and partners.
“Without their efforts, we wouldn’t have reached here,” said Swarup Anand Mohanty, Vice Chairman and Chief Executive Officer of Mirae Asset Investment Managers (India).
He further added, “We believe India may be one of the biggest growth stories of this decade, and as an asset manager, we aim to be an integral part of this growth journey by providing innovative products.”
