Assets Under Management AUM

Mirae Asset crosses the trillion yen mark in assets under management

NEW DELHI : Mirae Asset Investment Managers (India) Pvt. Ltd said on Wednesday it had crossed the important threshold of ??1,000 billion (as of October 14) in assets under management (AUM). Mirae Asset started her trip to India in 2008.

According to the asset management company, the growth in assets under management over the past five and a half years has been about 10 times.

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Source: Internal and AMFI, as of October 14, 2021.

Mirae Asset Mutual Fund’s investor folios also crossed 4.37 million with nearly 1.54 million investors in the Systematic Investment Plan (SIP). SIP flows have also increased significantly and moved to ??796 crores in September 2021.

Swarup Mohanty, CEO of Mirae Asset, said: “The growth of SIP flows is the most significant achievement as SIP is a call forward for an organization by both advisers and investors. We strive to provide a smooth investment experience for our investors and help them on their wealth building journey. The AMC maps out the strategy for future growth with a focus on fixed income and passive products, as well as equities where it has already created a strong foothold. “

Source: Internal and AMFI;  revenue includes equity + hybrid + ELSS, as of September 30, 2021.

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Source: Internal and AMFI; revenue includes equity + hybrid + ELSS, as of September 30, 2021.

Mirae Asset currently manages eight equity funds (AUM of ??84,281 crore), three hybrid funds (AUM of ??7,211 crore), nine open-ended debt funds (assets under management of ??7,146 crore), six exchange-traded funds (ETF) and 4 fund of funds (FoF) schemes (AUM of ??2,568 crores).

“When we limited the investments in Mirae Asset Emerging Bluechip to ??25,000 per investor in 2016, that was just ??2,600 crores. Despite the restriction, he passed over ??21,000 crore at present. As a responsible manufacturer, we will signal to the market when we believe it is appropriate to be cautious, as we do now, ”said Mohanty.

Mirae Asset Group has also increased its presence in other financial verticals: brokerage, lending (NBFC), private equity, real estate, and alternative product space, and the company continues to expand its product offering across asset classes. ‘assets.

With regard to asset management companies, SBI Funds Management Pvt. Ltd is the largest fund company in India with assets under management of ??6.10 trillion (as of September 30), followed by ICICI Prudential Asset Management Co. Ltd at ??4.67 trillion and HDFC Asset Management Co. Ltd ??4.41 trillion, according to a report by IDBI Capital Markets Securities Ltd.

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