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Muthoot FinCorp expects AUM to grow 15 percent in FY20

28-Nov-2019

Muthoot FinCorp expects AUM to grow 15 percent in FY20

Kerala-based gold loan lender Muthoot FinCorp is eyeing markets beyond South India, and expects to clock about 15 percent growth in assets under management (AUM) in FY20. “As we speak now, we have ₹12,300-crore AUM. We grew at 16 percent last year in terms of AUM, and are expecting almost similar growth in the current fiscal,” said Vasudevan Ramaswami, Chief Operating Officer, Muthoot FinCorp. It had disbursed ₹27,000 crore last fiscal, with more than 90 percent under gold loans.