Mirae Asset's AUM crosses Rs 10,000-cr mark

Assets under management (AUM) of Mirae Asset Mutual Fund, which has completed more than nine years in the country, has crossed the important threshold of Rs 10,000 crore.
According to statement issued by the company, this shows a growth of around 50 per cent in this calendar year and more than tripling of AUM, from Rs 3,440 crore in March last year to Rs 10,000 crore today.
The fund house's AUM has witnessed 20 times growth in past four years, it added.
Mirae Asset has witnessed a significant surge in the number of new clients with the investor folios crossing 500,000 (with around 250,000 SIP investors). The SIP flows have also grown significantly and have grown from Rs 29 crore in March'16 to monthly inflows of Rs 115 crores in May this year.

"This important milestone of Rs 10,000 crore has been a very valuable in our journey as we have sought this position by maintaining superior performance track record, risk management framework and customer centricity which have been instrumental in winning trust of our clients as well as distributor partners," said Swarup Mohanty, chief executive, Mirae Asset Global Investments (India).
"The growth in SIP flows is the most significant achievement, as the SIP is a forward call on an organisation by both advisors as well as investors," he added.
The company also provides advisory services to Hong Kong office for equity investments and Korea offices for both equity and debt Investments. The company currently manages 5 equity funds, 3 debt funds and one fund of fund scheme.