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New Asset Management Company to enter Indian Market

Mirae Asset Global Investment Management (India) Pvt. Ltd. is all set to commence its mutual fund operations in India as it obtains AMC clearing license from SEBI. The launch of the asset management business in India will be in line with its long term vision for the Indian market. The company plans to launch its products soon across the equity and fixed income category and will start operations with a presence in 23 cities.

Apart from product innovation, Mirae Asset plans to focus on investor education as a strategy to expand the mutual fund category in India.