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Company Name : Prudent Corporate

Thursday, February 23, 2017 12:40PM IST (7:10AM GMT)

Prudent Corporate Crosses the Milestone of Rs. 10,000 Crore AUM


Prudent thanks its partners, clients and team Prudent who are a part of this growth story


Ahmedabad, Gujarat, India

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 & 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 2017 at a CAGR of 18.5%. (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%.
  • Since Mar 2007 till now, Industry has grown by 5 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%-20% for next 5 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 the 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 & advisory to the clients.
 
Putting all these things together it can be said that the time has come for IFAs to grow exponentially by embracing technology. The Prudent Partners are already a part of this Growth Story.

About Prudent Corporate:

Prudent Corporate is one of India’s leading and successful platform providers for distributors in the financial services industry.

Prudent manages Rs. 10,000 Crore AUM and having wide network of 63 branches in 17 states with 7823 channel partners catering to more than 3 lakh+ clients with live SIPs of around 4 Lakhs.

For more information, visit: www.prudentcorporate.com, www.fundzbazar.com
 
Twitter: @fundzbazar
Facebook: @Fundzbazar​


Click here for Media Contact Details

Jinesh Shah, Prudent Corporate, +91-9574626937, media@prudentcorporate.com


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Prudent crosses the milestone of 10000 Crore AUM. We thank all our partners, clients & team Prudent who are a part of this wonderful journey

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News Summary

Prudent Corporate, one of India’s leading platform providers in mutual fund distribution, has crossed Rs. 10, 000 Crore mark in its assets under management (AUM) on 31st Jan 2017. In the last decade, the AUM of Prudent has grown at a phenomenal CAGR of 27.2% compared to MF industry’s 18.5% CAGR. Prudent attribute this growth to its partners, clients & team Prudent and would like to thank them for being a part of this wonderful journey.