The AMC is managing AUM (Assets Under Management) of Rs. 1,16,311 crores, across 5.69 million folios as on March 31,2023, with a monthly SIP book of Rs 860 crore. The AMC currently manages nine equity funds with an AUM of Rs 93,613 crore, four hybrid funds with an AUM of Rs 8,798 crore, 11 debt funds with an AUM of Rs 6,633 crore, three Index, 13 ETFs and eight Fund of Funds schemes, having a combined AUM of Rs 7,267 crore.
Of the nine equity funds, the oldest and largest one, Mirae Asset Large Cap Fund has completed 15 years on 4 April 2023. As on 3 April 2023, it had an AUM of Rs 32,850 crore, investing in predominantly large cap companies across sectors (the Top 100 companies by Market Capitalisation), and tracking NIFTY 100 as the benchmark Index. Its total number of folios as on 3 April 2023 is 9,51,079. Over the last 15 years, the Mirae Asset Large Cap Fund has delivered a CAGR return of approx. 14.7% to investors. The value of investment of Rs 10,000 in the fund at inception would be Rs 76,960 as on 4th April 2023.
Speaking about the 15 year milestone, Swarup Mohanty, CEO & Director – Mirae Asset Investment Managers India, said, “Mirae Asset commenced operations in 2008 when the global financial crisis and the resultant uncertainty was upending the markets, in India and the world. Common perception made it a terrible time to begin operations, but looking back, it could not have been a better time. It just showed us the value and strength of our brand Mirae Asset that could inspire investor confidence even at such times. It also put a great responsibility upon the team to not just live up to the Partners & Investors’ expectations but to exceed them, and thereby strengthen our journey in India. On behalf of team of Mirae Asset Investment Managers (India) Pvt. Ltd, we are grateful for our partner and investors’ continued support & trust over the last 15 years.”
Mr Gaurav Misra, Co-Head – Equity – Mirae Asset Investment Managers India, added, “Managing the largest fund in the Mirae Asset portfolio and the endeavour to deliver consistent returns is a huge responsibility. We are mindful of being the custodians of our partners and investors’ hard-earned money, and even as we seek to deliver optimum returns over the medium and long-term, we remain cognisant of the need to preserve capital at the very least, and continue with our existing investment approach of stock selection and portfolio construction to that end, with a focused eye on the balance between risk and returns. We thank our partners and investors for the trust reposed in us.”
