Mirae Asset becomes 11th fund house in India to cross Rs 1 lakh crore AUM

The fund house has seen a surge in the number of new clients also as investor folios crossed 43.7 lakh.

Mirae Asset mutual fund’s Asset Under Management (AUM) has crossed Rs 1,00,000 crore (as of October 14, 2021). The journey over the last five and half years has been better with 10 times growth in AUM. The fund house has seen a surge in the number of new clients also as investor folios crossed 43.7 lakh (with close to 15.4 lakh Systematic Investor Plan (SIP) investors). The SIP at the end of September 2021 has been to Rs 796 crore.

Mirae Asset Investment Managers (India) has a majority of its AUM under the equity dedicated fund. It currently manages eight equity funds with an AUM of Rs 84,281 crore, three Hybrid Funds with an AUM of Rs 7,211 crore, nine open-ended debt funds with an AUM of Rs 7,146 crore, six ETFs and four fund of fund schemes with an AUM of Rs 2,568 crore.

Mirae Asset Group Mirae Asset Global Investments (India) Private Limited (“MAGI India”) has transferred its asset management business to its wholly-owned subsidiary, Mirae Asset Investment Managers (India) Private Limited (“Mirae AMC”), as part of an internal restructuring of its business with effect from January 1, 2020. Mirae Asset Global Investments Ltd (the sponsor) is headquartered in South Korea, the company also has investment management operations in Hong Kong, United Kingdom, India, Vietnam, USA, Canada, Taiwan and Brazil. Apart from Asset Management, Mirae Asset Financial Group has a business interest in Life Insurance, Securities and Investment and Venture Capital.