Mirae Asset

Despite several innovative tech FoF applications with Sebi, only one hits the market

Customers can avail instant loans of up to Rs 3 crore by pledging their equity and debt MF holdings on a mobile app

Most focused funds have exposure of around 50-60% in large-cap stocks, with the remaining between mid- and small-cap stocks

In the recent past, we have used the market volatility to add some quality franchises and replaced our weakest holdings. Overweight healthcare, insurance, automobiles/consumer discretionary.

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

Its month-end assets under management (AUM) increased over seven times from Rs 1,454 crore in February 2016 to Rs 10,343 crore in January 2019

Indian markets have faced a perfect storm over the last few months, driven by a slew of global and domestic factors, says CEO of Mirae Asset Management