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Motilal Oswal AMC crosses $1B assets under management mark

Motilal Oswal Asset Management Company Ltd, the asset management arm of financial services firm Motilal Oswal, has crossed the mielstone of $1 billion in equity assets under management (AUM) this month.

Motilal Oswal PMS contributed to Rs 3,742.7 crore ($586.6 million) followed by its mutual fund equity AUM, which stood at Rs 2,778.1 crore ($435.4 million). Other products like equity ETFs contributed Rs 186.3 crore ($29.2 million) as on June 19, 2015.

The AMC manages chiefly two PMS strategies and four open ended equity mutual fund schemes. Currently, the asset management unit said it has close to 90,000 investors under its various schemes.

The management team comprises of Manish Sonthalia, senior vice president and head of equity portfolio management services, Taher Badshah, senior vice president and head – equity mutual ffunds, Siddharth Bothra who is senior vice president and co-fund manager and Gautam Sinha Roy who is the vice president and fund manager. The business development team is led by senior vice president and head – sales and distribution Akhil Chaturvedi and Praveen Ladia, the vice president and head – private clients distribution.

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