aditya birla sun life insurance company limited

It manages investment portfolios of Aditya Birla Sun Life Mutual Fund and Aditya Birla Real Estate Fund. The principal activity is to act as an Investment Manager to Aditya Birla Sun Life Mutual Fund. The share capital of the Company is owned by Aditya Birla Capital Limited (Subsidiary of Grasim Industries Limited) - and Sun Life (India) AMC Investments Inc., (wholly owned subsidiary of Sun Life Financial, Inc.). The Company is a joint venture between the Aditya Birla Group and Sun Life Group. are the promoters and major shareholders of the Company. Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc.

Subsequently, name of the Company changed from `Birla Sun Life Asset Management Company Limited` to `Aditya Birla Sun Life AMC Limited` on 17 July 2017. Further, name of the Company changed from `Birla Capital International AMC Limited` to `Birla Sun Life Asset Management Company Limited` pursuant to a revised Certificate of Incorporation issued by RoC dated 29 June 1999. Commitment of Rs 8.93 billion raised in India Equity Services Fund (CAT III AIF)Īditya Birla Sun Life AMC Limited was originally incorporated as `Birla Capital International AMC Limited` at Mumbai as Public Company on 05 September 1994 and commenced operations with Certificate for Commencement of Business dated 10 November 1994.Passive AUM at Rs 287 billion, with two times growth since June-2022.Over 74,500 KYD-compliant MFDs, 300 national distributors and 85 banks serviced through 290 locations of which over 80% is in B-30 cities.For Q1FY24, around 83% of overall transactions were done digitally, and 76% of new folios were added digitally.Registered around 2,05,000 new SIP (including STP) for Q1FY24.Monthly systematic inflows (including STP) for June 2023 is Rs 9.87 billion with 3.26 million accounts.Added around 0.1 million new folios in Q1FY24 ABSL AMC serviced 7.91 million folios for Q1FY24.

B-30 monthly AAUM at Rs 493 billion for June 2023.The individual mix is at 49% of the total AUM Individual monthly AAUM at Rs 1,501 billion for June 2023.Equity MF QAAUM stood at Rs 1,186 billion for Q1FY24 with a mix at 40%.Total QAAUM including alternate assets stood at Rs 3,084 billion for Q1FY24.Monthly SIP book grew by 10% YoY to Rs 9.87 billion.Equity mutual fund QAAUM was Rs 1,186 billion and Equity Mix to overall MF QAAUM at 40% in Q1FY24.Mutual fund QAAUM was at Rs 2,969 billion in Q1FY24.Profit after tax grew by 79% YoY from Rs 1,028 million to Rs 1,846 million.Revenue grew by 42% YoY from Rs 2,737 million to Rs 3,889 million.Q1FY24 Quarterly Result Announced for Aditya Birla Sun Life AMC Ltd.Īditya Birla Sun Life AMC announced Q1FY24 results:

Aditya birla sun life insurance company limited