Aditya Birla Sun Life AMC Limited (ABSL AMC), a part of Aditya Birla Capital Limited, announced its unaudited financial results for the quarter ended June 30, 2023
Aditya Birla Sun Life AMC Limited (ABSL AMC), a part of Aditya Birla Capital Limited, announced its unaudited financial results for the quarter ended June 30, 2023.
Business Highlights:
• ABSL AMC’s total QAAUM including Alternate assets stood at Rs. 3,084 billion for the quarter ending June 30, 2023. ABSL AMC Mutual Fund QAAUM is at Rs. 2,969 billion
• Equity MF QAAUM stood at Rs 1,186 billion for Q1 FY24 with mix at 40%
• Individual Monthly AAUM at Rs 1,501 billion for June 2023. Individual mix is at 49% of total AUM
• B-30 Monthly AAUM at Rs 493 billion for June 2023. B-30 mix is at 16% of total AUM
• ABSL AMC serviced 7.91 million folios for the quarter ending June 30, 2023. Added around 0.1 million new folios in Q1 FY24
• Monthly systematic inflows (including STP) for June 2023 is Rs. 9.87 billion with 3.26 million accounts
• Registered around 2,05,000 new SIP (including STP) for Q1 FY24
• For Q1 FY24, around 83% of overall transactions done digitally and 76% new folios added digitally.
• 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
• Passive AUM at Rs 287 billion, with two times growth since June-2022
• Commitment of Rs 8.93 billion raised in India Equity Services Fund (CAT III AIF
Financial Highlights:
1. Q1 FY24 Revenue was at Rs. 3,889 million up 42% year-on-year
2. Q1 FY24 Profit after Tax was at Rs. 1,846 million up 79% year-on-year
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