Motilal Oswal Asset Management Company (MOAMC), which is into equity funds only, here said it has no plans to come up with any new product in the near future.
As of now, the company manages only three portfolio management services (PMS) strategies and three open-ended equity mutual fund schemes.
"At Motilal Oswal AMC, we work on a unique investment philosophy and don't have any plans to come up with any new product in the near future," Motilal Oswal Asset Management Company Chairman Raamdeo Agrawal told reporters today.
"MOAMC's investment philosophy is centered on two critical pillars of equity investing, Buy Right - Sit Tight... Buy Right signifies buying quality companies at a reasonable price whereas Sit Tight indicates staying invested in them for a longer duration."
Meanwhile, the company's AUM crossed USD 1 billion mark in June. "Our equity AUM has crossed the Rs 6,800 crore in June from Rs 1,700 crore in the corresponding month of the previous fiscal," Agrawal said.
Within a short span of two years from launching the open-ended funds, the company claims to have close to 90,000 investors under its various schemes as of June 2015.
