Mirae Asset eyes 40,000 cr AUM in 2019; eyes 74% growth over 2018

Mirae Asset Mutual Fund (MF) has set a target to clock Rs 40,000 crore of assets under management (AUM) in calendar 2019, eyeing 74 per cent growth over 2018.

The company had closed 2018 with Rs 23,000 crore of AUM and recorded a growth of more than 50 per cent during the calendar year.

“We have broken into the top 15 asset management companies based on AUM and positioned at 12 based on equity assets. We aim to touch Rs 40,000 crore by December end this year,” said Swarup  Mohanty, chief executive officer of Mirae Asset Global Investments (India) Pvt