Live Chart

O 483.05

H 483.05

L 483.05

VOL 143

Aditya Birla Sun Life AMC Performance

Days Range

Low: ₹480.45
High: ₹509.40
Previous Close ₹482.15
Open ₹483.05
Volume 3,58,819
Day’s Range ₹480.45 - ₹509.40
52W Range ₹307.00 - ₹511.95
Market Cap ₹13,877 Cr

Fundamentals of Aditya Birla Sun Life AMC

ROCE (TTM) 31.19%
P/E Ratio (TTM) 19.61
P/B Ratio 5.06
Industry P/E 18.91
Debt to Equity 0.03
ROE 24.25%
EPS (TTM) 24.56
Dividend Yield 2.13%
Book Value 95
Face Value 5

Financials of Aditya Birla Sun Life AMC

Mar 2023Jun 2023Sep 2023Dec 2023
Expenses148.22148.61153.9157.45
Profit before tax180.95240.3236.79263.51
Operating Profit135.57184.57178.09209.34
Net Profit135.57184.57178.09209.34
EPS in Rs4.716.416.187.27

About Aditya Birla Sun Life AMC

History

Aditya Birla Sun Life AMC Limited (ABSLAMC), initially established as ‘Birla Capital International AMC Limited’ in Mumbai, commenced its operations officially on November 10, 1994. The company underwent a name change to ‘Birla Sun Life Asset Management Company Limited’ on June 29, 1999, as per a revised certificate of incorporation. Later, on July 17, 2017, it adopted its current name, ‘Aditya Birla Sun Life AMC Limited’.

The company is a joint venture between the Aditya Birla Group and Sun Life Group. It is promoted and majorly held by Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. Aditya Birla Capital Limited, a subsidiary of Grasim Industries Limited, and Sun Life (India) AMC Investments Inc., a wholly-owned subsidiary of Sun Life Financial Inc., hold the share capital of ABSLAMC.

ABSLAMC’s branch office in Gujarat International Finance Tec-City (GIFT City) was established in January 2022.

In 2023, ABSLAMC launched and raised ₹734 crore in the India Equity Services Fund (CAT III AIF) and received SEBI approval for three additional funds. The company also completed the first close of the Aditya Birla Real Estate Credit Opportunities Fund (Category II AIF) and began deploying its first investment.

For the fourth quarter of FY23, the Mutual Fund Quarterly Average Assets Under Management (QAAUM) stood at ₹3,235 billion, with a 7.7% market share (excluding ETF).

Business Segments 

  1. Mutual Funds: ABSLAMC specialises in diverse mutual funds, including equity, debt, hybrid, and tax-saving schemes, catering to different investor profiles and financial goals. Key schemes include Tax Relief 96, Equity Advantage Fund, and Liquid Fund.
  2. Portfolio Management Services (PMS): They offer customised portfolio management for high-net-worth individuals and institutions, focusing on active management and capital appreciation.
  3. Alternative Investment Funds (AIFs): ABSLAMC provides AIFs like private equity, venture capital, and real estate funds, targeting alternative assets with higher return potentials but greater risks.
  4. Real Estate: Since 2017, ABSLAMC has been offering real estate investment products, including REITs and private equity funds, tapping into the growing Indian real estate market.

Subsidiaries of Aditya Birla Sun Life Asset Management Company

As of March 31, 2023, the company has 5 subsidiaries, including 1 step-down subsidiary.

  1. Aditya Birla Sun Life AMC (Mauritius) Ltd: Located in Mauritius, this subsidiary enables ABSLAMC to offer global investment solutions and diversify its investor base. It likely manages offshore mutual funds and AIFs.
  2. Aditya Birla Sun Life Asset Management Company Ltd, DIFC, Dubai: Located in the Dubai International Financial Centre (DIFC), this subsidiary aims to tap into the growing investment market in the Middle East. It may offer a range of wealth management and portfolio management services to regional investors.
  3. Aditya Birla Sun Life Asset Management Company Pte Ltd., Singapore: Located in Singapore, this subsidiary acts as a strategic hub for ABSLAMC’s operations in Southeast Asia. It likely offers mutual funds and other investment products to investors in the region.

Key Personnel 

Mr A. Balasubramanian, Managing Director and CEO 

Mr A. Balasubramanian, as the Managing Director and CEO of Aditya Birla Sun Life AMC Limited, brings over 30 years of experience in the mutual fund industry. After joining the company in 1994 and becoming CEO in 2009, he now oversees assets worth over ₹3.1 trillion. His leadership has earned him the title “CEO of the Year” by Asia Asset Management in 2018 and 2020, along with recognition from The Aditya Birla Group for outstanding leadership in 2015 and 2018.

Parent Organisation Birla AV
Founded 1994
Managing Director
NSE Symbol ABSLAMC

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Palash Securities Ltd ₹140.14

126.75

12.90 (-9.24%)

126.15 - 142.95
Prime Securities Ltd ₹617.86

182

7.05 (-3.73%)

181.55 - 192.5
IL&FS Investment Managers Ltd ₹345.12

10.8

0.20 (-1.82%)

10.7 - 11.1
Repco Home Finance Ltd ₹3,011.08

463.3

18.40 (-3.82%)

459.95 - 486.4
Home First Finance Company India Ltd ₹8,232.42

915.4

13.50 (-1.45%)

907 - 939.95

What's Trending

FAQs

What is the Share price of Aditya Birla Sun Life AMC (ABSLAMC)?

Aditya Birla Sun Life AMC (ABSLAMC) share price as of February 21, 2024, on NSE is Rs 495.20 (NSE) and Rs 493.50 (BSE) on BSE.

Can I buy Aditya Birla Sun Life AMC (ABSLAMC) shares?

Yes, You can buy Aditya Birla Sun Life AMC (ABSLAMC) shares by opening a Demat account with Angel One.

How do I buy Aditya Birla Sun Life AMC (ABSLAMC) from Angel One?

Aditya Birla Sun Life AMC (ABSLAMC) share can be brought through the following modes:
  1. Direct investment: You can buy Aditya Birla Sun Life AMC (ABSLAMC) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Aditya Birla Sun Life AMC (ABSLAMC) shares.

Is Aditya Birla Sun Life AMC a Debt free Company?

Yes, Aditya Birla Sun Life AMC is a debt free company.

What is the main business of Aditya Birla Sun Life AMC?

The main business of Aditya Birla Sun Life AMC is to serve as the investment manager for Aditya Birla Sun Life Mutual Fund. It also provides portfolio management services, alternative investment funds (AIFs), and real estate investments.

Who are the promoters of Aditya Birla Sun Life AMC?

The top two main promoters of Aditya Birla Sun Life AMC are Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc.

What are the Subsidiaries that comes under Aditya Birla Sun Life AMC?

The top subsidiaries that come under Aditya Birla Sun Life AMC are Aditya Birla Sun Life Asset Management Company Pte. Limited, Singapore, Aditya Birla Sun Life AMC (Mauritius) Limited, and Aditya Birla Sun Life Asset Management Company Limited, DIFC, Dubai.