The asset under management of IDFC Mutual Fund has crossed Rs 1 lakh crore earlier this month.
At a time when the industry AUM saw a growth of 4 per cent between April to September, IDFC Mutual Fund’s AUM grew by 39 per cent.
During this period, the fund house saw a growth of Rs 56,973 crore in its non-cash Fixed Income business, a growth of 48 per cent.
The fund house now manages over one million investor folios representing leading institutional, family-office and individual clients in over 200 cities across the country.
Vishal Kapoor, CEO, IDFC Asset Management Company said the growth was diversified across segments and channels over long-term.
"We picked up pace in welcoming more new clients, SIPs as well as activating new distribution partners," he said.
To continue with its growth, IDFC AMC plans to focus on well-designed products, convenient investing process and simple easy-to-understand communication for its customers.
The fund house will continue to invest in fund management capabilities, technology, sales team and sales technology.