New Delhi. Aditya Birla Sunlife Asset Management (AMC) company has made a profit of Rs 173.1 crore in the second quarter. This is 38% more than the same quarter a year ago. In the September quarter of 2020-21, the company had made a profit of Rs 125.4 crore, the company told in the information given to the stock exchange that its operating revenue increased by 30% to Rs 332 crore. The company has declared an interim dividend of Rs 5.60 per share.
Aditya Birla Sunlife Asset Management MD&CEO A. Balasubramanian said that we are constantly focusing on increasing our overall assets under management (AUM). For this, we are increasing all the different asset categories. Our growth in SIP has been consistent. Equity AUM, B-30 (cities beyond top 30), number of folios and differentiated product offerings are contributing to our growth.
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Fourth fund company to be listed on stock exchange
Let us inform that in this month Birla Asset Management Company has been listed in the stock market. It is the fourth mutual fund company to be listed on the stock exchange. It is also the number four company in terms of AUM. In the second quarter, the average mutual fund AUM of the company has grown by 26% year-on-year and stood at over Rs 3 lakh crore. AUM of equity increased by 41% to Rs 1.16 lakh crore.
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Know what the company said?
The company said that it had 73 lakh folios in the second quarter. It added 5.95 lakh new folios in the first half. The amount coming from the company’s SIP on a monthly basis was Rs 866 crore. In the second quarter, the company opened 3.20 lakh new SIP accounts. It grew by 110% on a yearly basis.
The company said that its monthly average AUM has grown by 23% annually in the cities beyond the top 30 cities (B-30 market). Birla Asset Management said that in the first half of the current financial year, about 84% of its total transactions were from digital platforms. 77% of new folios were launched digitally.
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Orignally published at Tailored Stash
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