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Expect 40 percent AUM growth for FY19, says Satin Creditcare

Updated : June 27, 2018 02:58 PM IST

We expect 40 percent assets under management (AUM) growth for FY19, said Jugal Kataria, CFO, Satin Creditcare Network, adding that the cost of funds in Q1 has been largely stable.

He further said that cost of funds is varying between 11.25- 11.75 percent with an average of about 11.50 percent.

"We don’t expect cost of funds to move up by more than 75 bps for FY19 versus FY18," he added.

Talking about business, he said, “ In microfinance, the business is more than the average of the first three quarters and so we are going in the same direction this year but the portfolio growth is there is track,” he said.
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