Wednesday, December 5, 2007

Mirae Asset Global Investment Management gets SEBI Clearance

Mirae Asset Global Investment Management (India) Pvt. Ltd. is all set to commence its mutual fund operations in India as it has obtained AMC 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.

(Source: Value Research)

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