Page 2 - Aditya Birla Sun Life Amc

Aditya Birla Sun Life AMC Q3 results: Profit grows 26% to Rs 209 crore

Aditya Birla Sun Life AMC on Monday reported a 26 per cent rise in its net profit to Rs 209.34 crore in the December quarter. In comparison, the company had posted a net profit of Rs 166.3 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing. Total income grew to Rs 420.96 crore in the quarter under review as against Rs 363.17 crore in the October-December period of the preceding fiscal (2022-23). Aditya Birla Sun Life AMC, a joint venture between Aditya Birla Capital and Sun Life (India) AMC Investments Inc, is primarily the investment manager of Aditya Birla Sun Life Mutual Fund. It is one of the leading asset management companies in India.

Ahead of index inclusion, top Indian fund managers look to boost inflow

The cohort are betting on inclusion in global bond indexes to drive returns after the central bank doused speculation of an interest-rate cut

Expect mid-teen equity returns, no rate cut in 2024, says ABSL AMC

Economic growth, the AMC said, is expected to be led by investments

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Aditya Birla Sun Life AMC collects about Rs 800 cr from logistics fund NFO

Aditya Birla Sun Life AMC Ltd on Wednesday said it has collected nearly Rs 800 crore through its transport and logistics scheme during the new fund offering (NFO) period. The asset management company mobilised the amount from its thematic fund -- Aditya Birla Sun Life Transport and Logistics Fund -- during the NFO period from October 27 to November 10. The fund reopened for subscription on November 21. The open-ended equity oriented thematic fund received a huge response from 53,777 investors and has garnered a total of Rs 798.89 crore, the company said in a statement. "This fund is a unique offering that captures the growth potential of the transportation and logistics sector, which is a key driver of the Indian economy. The fund aims to provide long-term capital appreciation by investing in companies that are well-positioned to benefit from the structural changes and emerging trends in the sector," A Balasubramanian, Managing Director and CEO at Aditya Birla Sun Life AMC, said. T

RBI likely to keep rates on hold for entire 2024, says Kaustubh Gupta

We believe US rates have peaked, and the US Federal Reserve can start easing in the second half of 2024. However, the same cannot be said for Indian policy responses

Invest in US Treasury debt fund for currency hedge: What is on offer?

There could be losses in these funds if interest rates rise or the rupee appreciates

Aditya Birla Sun Life AMC Q2 results: Net profit declines 7% to Rs 178 cr

Aditya Birla Sun Life AMC, part of Aditya Birla Capital, on Thursday reported a seven per cent decline in net profit to Rs 178 crore in the September quarter. The asset management firm had posted a net profit of Rs 191.7 crore in the year-ago period, Aditya Birla Sun Life AMC said in a statement. The company's revenue from operations rose eight per cent to Rs 335 crore in the quarter under review from Rs 311 crore a year ago. ABSL AMC's assets under management stood at Rs 3.1 lakh crore in the second quarter of the current fiscal, registering a growth of 10 per cent. Founded in 1994, the Aditya Birla Sun Life AMC is co-owned by Aditya Birla Capital and Sun Life (India) AMC Investments Inc. It is one of the leading asset managers in the country, servicing around 7.89 million investor accounts with a pan-India presence across over 290 locations.

No question of taking money out of mkt: Aditya Birla Sun Life AMC MD & CEO

"Any rebalancing must not be done entirely out of the equity market but through a mix of exposure to equity and debt. It is prudent to look at it from the prism of an asset class mix"

There's little downside in Indian equity markets, says Mahesh Patil

While demand has been softening, commodity price deflation, along with cost control measures by corporates, has prevented severe margin contraction, says Mahesh Patil, CIO, Aditya Birla Sun Life AMC

Aditya Birla Sun Life, Axis MF call off NFOs on tepid investor response

Decisions come after launch period is over; experts say one reason for failure of the NFOs was investors' rush for select debt schemes in the last week of March

Aditya Birla Sun Life tanks 12% in 2 days; stock hits record low

Finance Bill 2023 has introduced an amendment that will classify capital gains arising from debt mutual funds as only short-term capital gains.

Adani Ports repays Rs 1,500 cr to SBI Mutual Fund, Aditya Birla Sun Life

Adani Ports and Special Economic Zone has repaid Rs 1,500 crore loan and will repay another Rs 1,000 crore in commercial papers due in March. The Adani Group firm paid Rs 1,000 crore to SBI Mutual Fund and Rs 500 crore to Aditya Birla Sun Life Mutual Fund on commercial papers that matured on Monday, as scheduled. "This part prepayment is from the existing cash balance and funds generated from the business operations," a company spokesperson said. "This underscores the confidence which the market has placed on the prudent capital and liquidity management plan for the group." An SBI MF spokesperson said it has no further exposure. "SBI MF had an exposure of around Rs 1,000 crore to Adani Group, which has been repaid on maturity. We have no further exposure to the Adani Group," the spokesperson said.

Aditya Birla Sun Life AMC collects Rs 1,574 cr via new fund offering

Aditya Birla Sun Life AMC on Tuesday said it has collected Rs 1,574 crore through its newly launched multi-asset allocation fund. The new open-ended scheme-- Aditya Birla Sun Life Multi Asset Allocation Fund -- which invests in equity, fixed income, gold, silver and real estate investment trusts (REITs) was launched on January 11. "The NFO (new fund offering) managed to garner high investor interest with investments from over 70,000 investors and collected Rs 1,574 crore as on January 31, 2023," the asset management company said in a statement. The multi-asset allocation category has emerged as a popular investment option for investors seeking asset class diversification along with a stable investment solution. A Balasubramanian, MD and CEO of Aditya Birla Sun Life AMC, said market volatility can be a challenge for investors, however the multi-asset allocation fund can provide a stable investment solution. "The fund's portfolio construction is unique and has a high focus on qualit

Aditya Birla Sun Life AMC Q3 profit after tax declines 11% to Rs 166 crore

Aditya Birla Sun Life AMC on Friday reported an 11 per cent decline in profit after tax (PAT) to Rs 166.3 crore for three months ended December 2022. In comparison, the company had posted a PAT of Rs 186.2 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing. However, Its total income rose to Rs 363.17 crore in the quarter under review from Rs 353 crore a year ago. ABSL AMC is the fourth largest asset management company in India with quarterly average assets under management of Rs 2.82 lakh crore. Aditya Birla Sun Life AMC -- a joint venture between Aditya Birla Capital and Sun Life (India) AMC Investments Inc -- is primarily the investment manager of Aditya Birla Sun Life Mutual Fund.

IT may turn the corner, banks' outperformance to continue: ABSL AMC CEO

India is likely to see broader economic growth going forward, equity should be the preferred asset class, the Aditya Birla Sun Life Asset Management Company CEO says

Aditya Birla Sun Life AMC can now act as registered fund management entity

Aditya Birla Sun Life AMC on Tuesday said it has received an approval from IFSCA to act as a registered fund management entity and carry out Alternative Investment Fund (AIF) and Portfolio Management Services (PMS). The approval has been granted by the International Financial Services Centres Authority (IFSCA) on November 28, the asset management firm said in a statement. The firm can carry out services through a branch office in International Financial Services Centre (IFSC) in Gujarat's GIFT City. The company's move to set up a new unit at the Gujarat International Finance Tec-City (GIFT City) is a strategic step towards the growth of its international business, to expand its reach and service global clients, including NRIs for investing in India. "GIFT City is emerging as a financial gateway of a country for investment in India and globally. Our international business at GIFT City will be an integral part of that journey. In a phased manner, India's dedicated institutional manda

Aditya Birla Sun Life AMC Sept quarter PAT rises 11% to Rs 191 cr

Aditya Birla Sun Life AMC on Thursday reported an 11 per cent rise in profit after tax (PAT) to Rs 191.68 crore for the September 2022 quarter. The company had posted a PAT of Rs 173.07 crore in the same quarter of the preceding fiscal, the fund house said in a regulatory filing. Its total revenue rose to Rs 387.66 crore in the period under review from Rs 372.2 crore a year ago. Also, the company's board of directors has approved the appointment of Vishakha Mulye as an additional director (non-executive). The asset management firm serviced around 8.1 million investor folios and had total assets under management of over Rs 2.94 lakh crore in the quarter ended September 30. Aditya Birla Sun Life AMC, co-owned and backed by Aditya Birla Group and Sun Life Financial Inc of Canada, got listed on the stock exchanges in October 2021. Shares of the company closed 1.44 per cent up at Rs 433.50 apiece on BSE.

DIIs have been circumspect about market rally: Aditya Birla MF CIO

"Correlation of Indian markets with Chinese equities has fallen sharply in recent months", says Mahesh Patil

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