Mirae Asset Investment Managers Reports Robust Growth in Chennai

Mirae Asset Investment Managers has reported significant growth in Chennai, marking a substantial increase in assets under management (AUM) and investor base. The company's performance underscores the potential of the Chennai market and reflects broader industry trends.

Strong AUM Growth in Chennai

Mirae Asset Investment Managers witnessed a remarkable increase in its assets under management in Chennai. The company's AUM in the region rose from ₹2.80 lakh crore to ₹3.32 lakh crore, representing a growth of ₹52,000 crore. This substantial increase highlights the company's strong performance and growing presence in the Chennai market.

Expanding Investor Base

Alongside the growth in AUM, Mirae Asset Investment Managers also saw a significant expansion in its investor base in Chennai. The number of folios increased from 99 lakh to 1.25 crore, indicating growing trust and interest from investors in the region.

National Performance

The company's growth in Chennai is part of a broader national trend. Nationally, Mirae Asset Investment Managers' AUM grew from ₹64.13 lakh crore to ₹74.85 lakh crore. This growth aligns with the overall industry trend, which saw an increase of 3.74 crore in folios across the country.

Future Plans and Market Potential

Recognizing the potential of the Chennai market, Mirae Asset Investment Managers plans to strengthen its investor engagement in the region. The company views its performance as a testament to the opportunities present in Chennai and aims to capitalize on this growth momentum.

Small Cap Segment Performance

Varun Goel, Senior Fund Manager at Mirae Asset Investment Managers, provided insights into the performance of small cap segments. He noted that these segments have delivered strong earnings growth over the past two decades. Goel attributed this performance to the agility of small cap companies, which allows them to respond swiftly to market changes.

Conclusion

Mirae Asset Investment Managers' strong performance in Chennai, coupled with its national growth, positions the company well in the competitive mutual fund industry. As the company continues to expand its investor base and AUM, it remains focused on leveraging market opportunities and maintaining its growth trajectory.