Quantum mutual fund targets Rs 20,000 cr AUMs in 3 years

Quantum Mutual Fund, which has assets under management (AUMs) of Rs 700 crore, is aiming to increase the asset size to Rs 20,000 crore in the next three years.
For achieving the target, the private MF player is banking on its "remarkable" growth in investor base and number of folios the company has added.
"Quantum MF's investor base was currently at 47,000, including ETF, up from 10,000 in 2010. We are looking at increasing it to 3 lakh in the next three years," Quantum Mutual Fund Chairman Ajit Dayal told PTI.
"We are looking at increasing our AUMs to Rs 20,000 crore in three years from Rs 700 crore now " he added.

Dayal was talking on the sidelines of an event organised to mark 10 years of the fund house.
The MF player currently offers nine products - fixed income, equity, ETF, fund of funds (2 each) and balanced fund (1).