Mirae Asset Mutual Fund Achieves ₹2 Lakh Crore AUM: A Milestone in India’s MF IndustryStory

Mirae Asset Investment Managers (India) Pvt. Ltd. has achieved a significant milestone of ₹2 lakh crore in assets under management (AUM). This remarkable feat underscores its position as one of India’s fastest-growing mutual fund houses, with an impressive CAGR of 54% over the last five years.

A Journey of Resilience and Growth

Founded in 2008, Mirae Asset’s 16-year journey is marked by resilience. The fund house faced the Global Financial Crisis soon after its inception but persevered with the unwavering support of its Korean parent company. While many foreign AMCs exited India, Mirae Asset held its ground and steadily built its reputation.

Diverse Offerings Driving Growth

Mirae Asset currently manages 69 mutual fund schemes across various categories:

• Equity-Oriented Funds: 10 schemes with ₹1.47 lakh crore AUM.
• Debt Funds: 10 schemes managing ₹21,995 crore.
• Hybrid Funds: 5 schemes with ₹16,725 crore AUM.
• Exchange-Traded Funds (ETFs): 25 ETFs with ₹12,998 crore AUM.
• Index and Fund of Funds (FoF): 7 index funds and 2 overseas FoFs with ₹1,676 crore AUM.

Its innovative theme- and factor-based ETFs cater to India’s growing retail investor base, strengthening its foothold in the market.

Key Growth Drivers

1. Strong SIP Book: Mirae Asset boasts a monthly SIP book of ₹865 crore (as of November 2024), indicating robust retail participation.
2. Expanding Investor Base: Over 68 lakh folios reflect trust among individual investors.
3. Innovative Products: Mirae Asset has continually launched offerings across categories, meeting the needs of diverse investors.

Leadership Perspective

Swarup Anand Mohanty, Vice Chairman & CEO of Mirae Asset Investment Managers, credits the milestone to the trust of investors, the tireless efforts of distributors, and the dedication of employees. He emphasized India’s decade-long growth potential and Mirae Asset’s commitment to being an integral part of this journey.

Mahendra Kumar Jajoo, CIO – Fixed Income, highlighted Mirae Asset’s expanding debt portfolio and positive outlook for fixed-income markets, citing policy tailwinds as a growth driver.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.