Prudent Crosses 1 Lakh Crore AUM Milestone, Eyes Continued Growth

Prudent Corporate Advisory Services Limited announces surpassing 1 Lakh Crore in Assets Under Management (AUM) as of July 26, 2024. This achievement marks a 5x increase in Equity AUM over five years. The company's monthly SIP flow reached Rs 800 crores, with a strong partnership network driving this success.

Prudent Corporate Advisory Services Limited (Prudent), a leading financial services group in India, has announced that its Assets Under Management (AUM) have surpassed the 1 Lakh Crore mark as of July 26, 2024. This milestone makes Prudent the second non-banking mutual fund distributor to achieve such a feat.

The company's Equity AUM has seen an impressive 5x growth in the past five years. Meanwhile, Prudent's industry ranking for mutual fund commissions received has jumped from 8th to 4th place during the same period, overtaking several major banks. The company's monthly SIP flow reached Rs 800 crores in July 2024, driven by its robust network of over 30,000 partners and more than 17 lakh investors.

Through its technology-led platform, Prudent has attracted a significant number of Mutual Fund Distributors (MFDs) post-COVID. Over the last five years, Prudent's platform has seen a 3x increase in MFDs joining, contributing to a 40% CAGR growth in Equity AUM as compared to the industry's 28%.

(With inputs from agencies.)