Lotus MF crosses Rs 5,000-cr AUM mark
Lotus India Mutual Fund's asset under management (AUM) cross Rs 5,000-crore mark.
By PTI |
MUMBAI: Lotus India Mutual Fund on Wednesday said its total asset under management (AUM) has crossed the Rs 5,000-crore mark.
Lotus India AMC was set up in November 2006 when the company launched its first product after receiving market regulator SEBI's approval. The fund house achieved the Rs 5,000-crore mark today, it said in a press release.
"We have a vision of creating a truly retail presence in India, and with presence in 53 locations, tie-ups with over 7,900 distributors and partnerships with some of the finest banks, we have created a footprint," Lotus India AMC Chief Executive Ajay Bagga said.
Lotus India Asset Managment Company's AUM grew from Rs 647.10 crore as on January 31, 2007 to Rs 4,165.36 crore on June 30, registering a growth of 543 per cent, it said.
The company is promoted by banker Rana Talwar-headed Sabre Capital Worldwide and Singapore-based Temasek Holdings' subsdiary Fullerton Fund Management Group.
Lotus India AMC was set up in November 2006 when the company launched its first product after receiving market regulator SEBI's approval. The fund house achieved the Rs 5,000-crore mark today, it said in a press release.
"We have a vision of creating a truly retail presence in India, and with presence in 53 locations, tie-ups with over 7,900 distributors and partnerships with some of the finest banks, we have created a footprint," Lotus India AMC Chief Executive Ajay Bagga said.
Lotus India Asset Managment Company's AUM grew from Rs 647.10 crore as on January 31, 2007 to Rs 4,165.36 crore on June 30, registering a growth of 543 per cent, it said.
The company is promoted by banker Rana Talwar-headed Sabre Capital Worldwide and Singapore-based Temasek Holdings' subsdiary Fullerton Fund Management Group.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
