With 50% AUM Growth, Mirae Asset Mutual Fund Becomes the Wolf of MF Street
Mirae Asset Mutual Fund has showcased 50% growth in the AUM which makes it one of the fastest growing AMC in India. This write-up sheds light on the successful journey of the fund house.
According to the AMFI (Association of Mutual Funds in India) data, the AUM of Mirae Asset Mutual Fund in January-March, 2018 was Rs. 1575614.85 Lakh which increased to Rs. 2419129.42 Lakh (as per the AUM data of January-March, 2019). The percentage increase in AUM, when calculated, depicted 53.33% of growth.
The experts at MySIPonline states that the strong principles of the fund house holds all the credit for the success. The team of strong fund managers, a focused approach, stock selection criteria, and a distant vision have altogether worked miracles for the Mirae Asset Mutual Fund. "In simple terms, the list of top-performing mutual funds in India on any mutual fund platform is incomplete without the name of Mirae Asset MF schemes", says a market researcher at MySIPonline.
The fund house has recently launched an NFO named as Mirae Asset Focused Fund which is the first focused fund of the AMC. The fund will park the cash in just 30 stocks across different market caps. The launch of an NFO is a smart strategy of the fund house to further connect more investors to the fund house and help them in achieving their financial goals.
Mirae Asset Mutual Fund recently completed its 10-year in the Indian Mutual Fund Market and in just a short interval have listed its name among the top 15 asset management companies on the basis of average assets under management. Moreover, the fund house manages the portfolio of 13.9 Lakh investors out of which 6.9 Lakh are the ones taking the SIP route. The SIP inflow has grown from Rs. 29 Crore in March 2016 to Rs. 300 Crore in March, 2019.
The team of MySIPonline believes that the future holds many promises for the fund house. Furthermore, the scheme of fund house were among the few schemes to show positive signs in the volatility storm of 2018. That's not all, the management team of Mirae Asset Mutual Fund are targeting Rs. 40,000 crore in the year 2019.
As per the growth and performance of the fund house, the time is near when the asset management company will be Ranked 1 on the basis of AUM. MySIPonline also played a major role in the ever-growing popularity of the asset management company as the recommendation list of finance expert at the firm always include the top performing schemes of the fund house.
Mirae Asset Global Investments (India) Pvt. Ltd. offers large number of schemes to the investors according to their suitability. Thus, an investor looking for the best AMC to manage his cash can have an overview of the scheme before making a mutual fund investment.
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