Digital Mode Of Investment Surges At Mirae Asset

Some 4 lakh folios have come through digital mode:

- Mehul

The year 2017-18 has been a landmark year for Mirae Asset Global Investments (India). The company saw its AUM growing more than 100%, from ₹8300 crore in March 2017 to close to ₹17,350 crore as of March 2018 with very good market share growth across all its funds. The company has been able not only to establish its 2 flagship products (Mirae Asset India Equity Fund and Mirae Asset Emerging Bluechip Fund), but it has also grown the AUMs of its other equity products - Mirae Asset Hybrid Equity Fund, Mirae Asset Tax Saver Fund and its liquid fund Mirae Asset Cash Management Fund.

According to Swarup Mohanty, CEO, the company has launched 2 new debt products in the last one year – Mirae Asset Dynamic Bond Fund and Mirae Asset Short Term Fund and it is now strengthening its debt side of the business.

NOW NEXT PHASE

With Mirae Asset now standing in the 10th year of fund management in India, its story is beginning to take a strong shape. It has completed the first phase of its business in India where it has added track record to its funds and has been able to set up a sustainable business model. Says Mohanty: “We now embark upon phase two of our business where we would want to graduate from being known as an equity biased fund house to becoming a complete fund house, demonstrating strength in all asset classes - equity, debt and real estate.”