Mirae Asset Investment Managers India has announced the completion of ten years of the Mirae Asset Great Consumer Fund on March twenty ninth, 2021. The fund’s AUM has elevated to Rs 1,140.20 crore as on twenty eighth February, 2021. The number of folios within the scheme is 47,747. The fund has generated 16.81% returns since inception.

 

Consumer is a theme which has great progress potential and contains businesses in FMCG, Autos, Realty, Healthcare, Education, Media & Entertainment, Banks & Monetary Services, Telecom, Transportation, Tourism & Hospitality and E-commerce. The fund’s portfolio includes of progress companies which has robust return ratio (ROE) and possess sustainable aggressive benefit.

Talking about this milestone, Swarup Mohanty, CEO, Mirae Asset Investment Managers India mentioned, “The Indian consumption story is as compelling today as it was ten years ago when the “Mirae Asset Great Consumer Fund” was launched. India remains a younger nation with goals and aspirations, and that offers the phase, a progress driver for the economy, important headroom for future progress, as India continues its march to becoming a USD 5-trillion economy. We’re dedicated to proceed our endeavor to offer optimum returns for our investors on this fund by staying focused on our core values of investing in quality, growth-oriented businesses, team-based strategy to investing that seeks to execute the best ideas and last but not the least, self-discipline.”

“India consumption theme continues to be a fascinating theme with multi decade opportunity driven by favorable demographic dividend. With India crossing $2000 per capita income, is at an inflection point which should result in significant growth in private final consumption expenditure growth over next decade. Last 10-year track record for the fund is a testament of our investment philosophy which is to invest in quality growth businesses at a reasonable price through bottom up stock selection,” mentioned Ankit Jain Fund Manager, Mirae Asset Investment Managers, India.