Mirae Asset Mutual Fund's AUM crosses Rs 1-trillion mark

The fund house, launched in 2008, has seen its assets grow over 10 times in over 5 years

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The fund house had an AUM of just Rs 6,495 crore in 2016 which increased to Rs 42,635 crore in 2019 and Rs 64,031 crore in 2020

Chirag Madia Mumbai

2 min read Last Updated : Oct 21 2021 | 12:35 AM IST

Mirae Asset Mutual Fund (MF) has become the latest fund house to join the Rs 1- trillion of assets under management (AUM) club. The asset manager, which started its operation during the global financial crisis of 2008, has seen its assets grow more than 10 times in the last five and half years.

The fund house, known for its equity offerings, plans to strengthen its debt portfolio going ahead.

Swarup Mohanty, CEO, Mirae Asset Investment Managers (India) said, “I think it is time to strengthen the debt investment team as the bulk of the money is still on the debt

Topics : Mirae Asset Management Mutual Funds Markets