Mirae Asset Great Consumer Fund: The AUM of the fund increased to 1,140.20 crores. At the same time, the number of folios in this scheme has reached 47,747.
India’s per capita income crosses $ 2,000
10 years of ‘Mirae Asset Great Consumer Fund’ completed by Mirae Asset Investment Managers India, one of India’s fastest growing mutual fund houses. The fund’s AUM increased to Rs 1,140.20 crore by 28 February 2021. At the same time, the number of folios in this scheme has reached 47,747. The aim of this fund is to follow the growth of a wide range of sectors, which directly or indirectly benefit from increasing consumption based demand in India.
Consumer or Consumer is a theme that has tremendous growth potential and includes businesses related to FMCG, Auto, Realty, Healthcare, Education, Media & Entertainment, Bank & Financial Services, Telecom, Transport, Tourism & Hospitality and E-Commerce. . Its portfolio consists of companies with growth, whose return ratio (ROE) is strong and which gives more benefits. Its portfolio consists of 35 to 40 shares (+/- 5 shares).
Growth continues in consumption
Speaking on the occasion, Swaroop Mohanty, CEO of Mirae Asset Investment Managers India, said, “The Indian consumption story is as fascinating today as it was 10 years ago, when the Mirae Asset Great Consumer Fund was launched.” India remains a young country, with dreams and aspirations, and which gives this segment, which is the driver of growth of the Indian economy, good scope for further growth in the future as India moves towards a $ 5 trillion economy. Used to be.
We are committed to continue our effort to provide maximum returns to investors in this fund and will remain focused towards our core values of investing in quality, growth oriented businesses for this, adopting a team-based approach to such investments in which That there is a need to implement the best ideas and also discipline.
India’s per capita income crosses $ 2,000
Ankit Jain, fund manager of Mirae Asset Investment Managers (India) Private Limited, said, “Consumption of India has remained an attractive theme, with opportunities for many decades due to the benefits of population.”
With India’s per capita income exceeding $ 2,000, this country has reached a point where there could be a significant increase in personal final consumption expenditure in the next decade. The track record of the past 10 years of this fund is a proof of our investment philosophy, under which investments in quality-driven businesses are invested at reasonable price for bottom-up share selection.
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