Comments
The asset under management of IDFC Mutual Fund has crossed Rs 1 lakh crore earlier this month.
At a time when the industry AUM saw a growth of 4 per cent between April to September, IDFC Mutual Fund’s AUM grew by 39 per cent.
During this period, the fund house saw a growth of Rs 56,973 crore in its non-cash Fixed Income business, a growth of 48 per cent.
The fund house now manages over one million investor folios representing leading institutional, family-office and individual clients in over 200 cities across the country.
Vishal Kapoor, CEO, IDFC Asset Management Company said the growth was diversified across segments and channels over long-term.
"We picked up pace in welcoming more new clients, SIPs as well as activating new distribution partners," he said.
To continue with its growth, IDFC AMC plans to focus on well-designed products, convenient investing process and simple easy-to-understand communication for its customers.
The fund house will continue to invest in fund management capabilities, technology, sales team and sales technology.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.