Motilal Oswal Asset Management Company is eyeing to add USD 1 billion in equity assets under its management in the next financial year, from the present USD 2.5 billion.
The company, a purely equity-focused house having five products, has already crossed USD 2.5 billion in equity assets under management. It reached the mark on February 28, 2017.
"Having achieved an overall AUM at USD 2.5 billion as of February 28, now we are working to make it to USD 3.5 billion next financial year," Motilal AMC managing director and chief executive Aashish P Somaiyaa told PTI today.
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"We would like to see our PMS AUM growing to USD 2 billion within the next one year, while the MF AUM may increase to USD 1.5 billion during the same period," he said.
Out of the company's USD 2.5 billion equity AUM at present, the portfolio management scheme (PMS) has contributed USD 1.4 billion, with the balance coming in from mutual funds.
The company is now targeting to increase its PMS AUM to USD 2 billion and MF AUM to USD 1.5 billion over the next one year, he said.
On a similar line, it is planning to almost double its overall folio count in the next one year. "As of now, our total folio count stands at 3.35 lakh and we are hopeful of increasing it to 6 lakh in a year," he said.
The company is also looking at increasing inflows through the systemic investment plans (SIPs).
At present, the company has 1.57 lakh SIP folios with a monthly fund flow of Rs 70 crore. "We are planning to increase this to 3 lakh and monthly fund flow to Rs 140 crore in a year" Somaiyaa said.
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