Client-first focus | Value Research Mutual funds are the best among financial vehicles in India to meet investors' requirements over the long term, says Jisang Yoo of Mirae Asset Mutual Fund
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Client-first focus

Mutual funds are the best among financial vehicles in India to meet investors' requirements over the long term, says Jisang Yoo of Mirae Asset Mutual Fund

In its seventh year, this Korean AMC, Mirae Asset Mutual Fund strongly believes that there is potential to increase the penetration of mutual funds from its current three per cent in the years to come. According to Jisang Yoo, the CEO, the first phase of launching products and establishing performance has been achieved and it is time for the second stage in its business: increasing the assets it manages, with the plan to double assets every few years.

So far the fund house has had limited offerings with a couple of global fund offerings, which it plans to expand through diversified products that suit investor's risk profile. These initiatives will be enhanced by building a solid presence across the country.

Yoo believes and prefers to focus on long-term asset allocation with a well-diversified portfolio. To this effect, the fund house has set up a dedicated Knowledge Academy through which it imparts investment education to investors using scientific platforms, methods and process, besides investment education camps across cities.

Total assets: Rs 507 crore, Net Profit: Rs 1.20 crore




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