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Aditya Birla Sun Life Asset Management

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Aditya Birla Sun Life Asset Management Company Limited
Company typePublic
ISININE404A01024
IndustryAsset management
Founded1994
Headquarters
Mumbai, Maharashtra
,
India
Key people
A. Balasubramanian (CEO)
Services
RevenueIncrease ₹1,641 crore (US$200 million)[2] (2024)
Increase ₹1,008 crore (US$120 million)[2] (2024)
Increase ₹780 crore (US$93 million)[2] (2024)
Total assetsIncrease ₹3,502 crore (US$420 million)[2] (2024)
Total equityIncrease ₹3,169 crore (US$380 million)[2] (2024)
OwnersAditya Birla Capital (45%)
Sun Life Financial (30%)[3]
Websitemutualfund.adityabirlacapital.com

Aditya Birla Sun Life Asset Management Company Ltd. (ABSLAMC), formerly known as Birla Sun Life Asset Management Company Limited, is an investment managing company registered under the Securities and Exchange Board of India. It is a joint venture between Aditya Birla Capital of India and Sun Life Financial Inc. of Canada. The company offers sector-specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds.[4][5][6]

History

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Birla Sun Life Asset Management Company was established in 1994 as a joint venture between the Aditya Birla Group and Sun Life Financial of Canada where the former owns 51% and the rest is owned by the latter. It provides wealth accumulation and protection products, and services to individuals and corporate customers.[7][8]

Aditya Birla Financial Services Group (ABFSG) is the umbrella brand for all the financial services businesses of the Aditya Birla Group. ABFSG ranks among the top five fund managers in India (including LIC) with an AUM of around Rs ₹3 trillion by 2021.[7]

In 2021, Aditya Birla Sun Life Asset management company launched its initial public offering (IPO) and became a publicly-listed company.[9][10][11]

See also

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References

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  1. ^ a b c d e "Our Businesses | Aditya Birla Capital".
  2. ^ a b c d e "Aditya Birla Sun Life AMC Ltd.Q4FY24 Results" (PDF). bseindia.com.
  3. ^ "Aditya Birla Sun Life AMC promoters sell 11.5% stake; shares fall 3.3%". Business Standard. Retrieved 6 May 2024.
  4. ^ Allirajan, M (25 February 2016). "Birla Sun Life Mutual Fund introduces 100% paperless, Aadhaar-based eKYC". The Times of India. Retrieved 15 June 2022.
  5. ^ K, Muthukumar (28 August 2016). "Birla Sun Life Cash Plus: A secure avenue for surplus funds". The Hindu Business Line. Retrieved 3 November 2016.
  6. ^ "Birla Sun Life MF buys 7.19 lakh shares of Shriram City Union". www.moneycontrol.com. Retrieved 3 November 2016.
  7. ^ a b Laskar, Anirudh (8 March 2021). "Birla Sun Life plans1 raise ₹5,000 crore from share sale". mint. Retrieved 27 April 2021.
  8. ^ "About Us - Aditya Birla Sun Life Mutual Fund".
  9. ^ Madia, Chirag (20 April 2021). "Aditya Birla MF files IPO document with Sebi; issue size Rs 2,000 cr". Business Standard India. Retrieved 23 April 2021.
  10. ^ "Aditya Birla Sun Life AMC IPO Price Band Likely At Rs 695 - Rs 712, Valuation Over Rs 20,000 Crore: Sources". Moneycontrol. Retrieved 24 September 2021.
  11. ^ Sonavane, Ravindra N. (14 April 2021). "Aditya Birla Capital, Sun Life to sell 13.5% stake in asset management biz IPO". mint. Retrieved 23 April 2021.
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