Prudent Corporate crosses the milestone of Rs. 10,000 crore AUM
New Delhi [India], Feb 23 (ANI-BusinessWireIndia): Prudent Corporate, one of India's leading platform providers, has crossed Rs. 10,000 crore mark in its assets under management (AUM) on 31st Jan 2017. Prudent attribute this growth to its partners, clients and team Prudent and would like to thank them for being a part of this wonderful journey.
ANI
Feb 23, 2017 19:57 IST
New Delhi [India], Feb 23 (ANI-BusinessWireIndia): Prudent Corporate, one of India's leading platform providers, has crossed Rs. 10,000 crore mark in its assets under management (AUM) on 31st Jan 2017. Prudent attribute this growth to its partners, clients and team Prudent and would like to thank them for being a part of this wonderful journey. Growth in last decade: Prudent vs. MF Industry -The AUM of MF Industry has grown from Rs. 3.26 lakh crore as on 31st March 2007 to an all-time high of Rs. 17.37 lakh crore as on 31st Jan 2017at a CAGR of 18.5 percent. (Source: AMFI Website) -In the same period, the AUM of Prudent has grown from Rs. 934 Crore to Rs. 10,000 crore at a phenomenal CAGR of 27.2 percent. -Since Mar 2007 till now, Industry has grown by five times while Prudent has grown 10 times i.e. at twice the pace compared to the industry. Indian MF Industry: The way ahead We expect the Mutual Fund industry to grow at a CAGR of 15 percent to 20 percent for next five years with an increasing retail participation in Equity Funds. In 2017 itself, it is expected that the MF industry AUM can cross Rs. 20 lakh crore due to strong investor sentiments and huge liquidity created by Demonetization. Technology is the future The future belongs to those who will invest in technology. And Prudent has always been on the forefront. Since beginning, Prudent has always believed in harnessing the power of technology. In 2016, Prudent has launched its paperless mutual fund investment platform www.fundzbazar.com for its partners and their clients. With FundzBazar, now Prudent Partners can: - Do their business anytime and anywhere. - Reach maximum people in less time, cut costs and increase their profitability. - Spend more time in acquiring new clients, imparting knowledge and advisory to the clients. (ANI-BusinessWireIndia)
Get the App
