Mirae Asset Global Investments (India) crosses Rs. 10,000 crore mark AUM

Mirae Asset Mutual Fund has completed more than 9 years in India and is now establishing a stronger foothold in the Indian Mutual Fund Industry. Mirae Asset Mutual Fund’s AUM has crossed the important threshold of INR 10,000 crores (as on 5^th July 2017) – a growth of close to 50% in this calendar year and more than tripling of AUM from ~ 3,440 crores in March’16 to 10,000 crores today. Mirae Asset is one of the fastest growing AMCs in India based on the rate of AUM growth and even industry participants are recognizing the same. The journey over the last 4 years has been even more impressive with 20 times growth in AUM (AUM was 500 crores on 31^st July, 2013).

Mirae Asset has witnessed a significant surge in the number of new clients with the investor folios crossing 500,000 (with close to 250,000 SIP investors). The SIP flows have also grown significantly and have grown from Rs. 29 crores in March’16 to monthly inflows of Rs. 115 crores in May’17.

Mr. Swarup Mohanty, CEO, Mirae Asset Global Investments (India) Pvt. Ltd. commented “It has been a great journey for Mirae Asset India over the last couple of years with robust growth backed with superior returns for our investors. This important milestone of 10,000 crores 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. The growth in SIP flows is the most significant achievement, as the SIP is a forward call on an organization by both advisors as well as investors. We are extremely happy to see the faith in us growing amongst advisors and investors. It is our endeavor to provide superior investment experience for our investors and help them in their wealth creation journey.”

Mirae Asset (India) also provides Advisory Services to Hong Kong office for Equity Investments and Korea offices for both Equity and Debt Investments. The mix of domestic and International businesses is providing stable growth for Mirae Asset India business. Mirae Asset Global Investments (India) Pvt. Ltd currently manages 5 equity funds, 3 debt funds and 1 fund of fund scheme.

About Mirae Asset

Mirae Asset Global Investments (India) is a wholly-owned subsidiary of the Mirae Asset Financial Group. Over the last 2 decades Mirae Asset Global Investments Ltd. (the sponsor) has become one of the world’s largest investors in emerging market equities, managing total assets of over USD 104 billion as on 31stMay 2017. Mirae Asset Group’s Fund’s investments in Indian Equity Instruments are USD 2.24 billion and in Fixed Income instruments is USD 306 million (as on 31^st May, 2017).

Headquartered in South Korea, Mirae Asset Global Investments Ltd also has investment management operations in Hong Kong, United Kingdom, India, Vietnam, USA, Canada, Australia, Taiwan and Brazil. Apart from asset management, Mirae Asset Financial Group has business interest in Life Insurance, Securities and Investment & Venture Capital.