Today, Mirae Asset Capital Markets revealed that its Seoul, South Korea headquarters has invested Rs 1,240 crore in the company.

With its most recent investment, Mirae Asset Capital Markets has raised a total of Rs 3,190 crore, showing the belief of its corporate headquarters in the immense development potential of the Indian market, which has demonstrated relative stability despite the volatility of the global economy. 

With its tech-driven strategy at m.Stock, its retail stock broking arm, Mirae Asset is ready to deliver top-notch services and disrupt the market. 

The company's ability to develop effective automated processes, provide seamless customer service, improve its IT infrastructure, and drive penetration in institutional business and investment banking are all further strengthened by the capital infusion, according to a release. This solidifies the company's potential to be a leader in this industry in India.

m.Stock has generated Rs 1.4 lakh crore in revenue on its platform in just over a year with 250,000 premium accounts and 65% active users. The feature has recorded a book size of over Rs 270 crore since the introduction of its margin trading tool (eMargin) in July last year.

This has been possible largely due to the competitive rates offered by them that range from 6.99–9.49 per cent per annum.

“India’s potential for growth is evident as it has demonstrated remarkable stability amidst a volatile economic climate successfully managing factors like inflation and growth rates,” said Robinson Francis, Chief Operating Officer & Additional Director, Mirae Asset Capital Markets (India).

“The infusion of capital from headquarters underscores our unwavering commitment to India. This investment also serves as a testament to the confidence we have in the business model, the team, and the potential for remarkable accomplishments of providing comprehensive and innovative financial solutions to meet the evolving needs of our esteemed clients throughout the country,” he added.

Investors can trade easily and openly using m.Stock's seamless investment solutions, such as a zero-brokerage account, for a one-time account opening charge.

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