Aditya Birla Sun Life Asset Management: Difference between revisions

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| key_people = A. Balasubramanian <small>(CEO)</small>
| key_people = A. Balasubramanian <small>(CEO)</small>
| industry = [[Financial services]]
| industry = [[Financial services]]
| services = {{ubl|[[Life insurance]]<ref name=abs1/> |[[Health insurance]]<ref name=abs1/> |[[Vehicle insurance]]<ref name=abs1/> |[[Travel insurance]]<ref name=abs1/>|[[Investment management]]<ref name=abs1/> |[[Mutual fund]]<ref name=abs1>https://www.adityabirlacapital.com/about-us/our-businesses</ref>}}
| services = {{ubl|[[Life insurance]]<ref name=abs1/> |[[Health insurance]]<ref name=abs1/> |[[Vehicle insurance]]<ref name=abs1/> |[[Travel insurance]]<ref name=abs1/>|[[Investment management]]<ref name=abs1/> |[[Mutual fund]]<ref name=abs1>{{Cite web|url=https://www.adityabirlacapital.com/about-us/our-businesses|title = Our Businesses &#124; Aditya Birla Capital}}</ref>}}
| owners = [[Aditya Birla Group|Aditya Birla Capital]] (51%)<br />[[Sun Life Financial Inc.]](49%)<ref>{{cite news |last1=Sonavane |first1=Ravindra N. |title=Aditya Birla Capital, Sun Life to sell 13.5% stake in asset management biz IPO |url=https://www.livemint.com/market/ipo/aditya-birla-capital-approves-aditya-birla-sun-life-amc-ipo-11618404978775.html |access-date=23 April 2021 |work=mint |date=14 April 2021 |language=en}}</ref>
| owners = [[Aditya Birla Group|Aditya Birla Capital]] (51%)<br />[[Sun Life Financial Inc.]](49%)<ref>{{cite news |last1=Sonavane |first1=Ravindra N. |title=Aditya Birla Capital, Sun Life to sell 13.5% stake in asset management biz IPO |url=https://www.livemint.com/market/ipo/aditya-birla-capital-approves-aditya-birla-sun-life-amc-ipo-11618404978775.html |access-date=23 April 2021 |work=mint |date=14 April 2021 |language=en}}</ref>
| num_employees =  
| num_employees =  
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==History==
==History==
Birla Sun Life Asset Management Company was established in 1994 as a joint venture between the [[Aditya Birla Group]] and the [[Sun Life Financial]] of [[Canada]] where the former owns 51% and the rest by latter which is a leading  international financial services organization providing a diverse range of wealth accumulation, protection products, and services to individuals and corporate customers.<ref name="Birla Reference1" /><ref name=abs>https://mutualfund.adityabirlacapital.com/about-us</ref>
Birla Sun Life Asset Management Company was established in 1994 as a joint venture between the [[Aditya Birla Group]] and the [[Sun Life Financial]] of [[Canada]] where the former owns 51% and the rest by latter which is a leading  international financial services organization providing a diverse range of wealth accumulation, protection products, and services to individuals and corporate customers.<ref name="Birla Reference1" /><ref name=abs>{{Cite web|url=https://mutualfund.adityabirlacapital.com/about-us|title = About Us - Aditya Birla Sun Life Mutual Fund}}</ref>


Aditya Birla Financial Services Group (ABFSG) is the umbrella brand for all the financial services business of The Aditya Birla Group. ABFSG ranks among the top five fund managers in India (including LIC) with an [[Assets under management|AUM]] of around Rs 3 trillion by 2021<ref name="Birla Reference1">{{cite news |last1=Laskar |first1=Anirudh |title=Birla Sun Life plans1 raise ₹5,000 crore from share sale |url=https://www.livemint.com/companies/news/birla-sun-life-plans-to-raise-5-000-crore-from-share-sale-11615142119827.html |access-date=27 April 2021 |publisher=mint |date=8 March 2021 |language=en}}</ref>.{{citation needed|date=May 2017}} The company provides [[life insurance]], [[asset management]], lending (excluding Housing), housing finance, equity & commodity broking, wealth management and distribution, online money management portal—Aditya Birla Money MyUniverse, general insurance advisory and private equity and health insurance businesses, for retail and corporate customers. In FY 2013–14, ABFSG reported consolidated revenue from these businesses at just under {{INRConvert|70|b}} and profits of about {{INRConvert|7.5|b}}.{{citation needed|date=May 2017}} The company has 14,000 employees and over 6 million customers, with 1,500 points of presence and about 130,000 agents/channel partners.{{citation needed|date=May 2017}}
Aditya Birla Financial Services Group (ABFSG) is the umbrella brand for all the financial services business of The Aditya Birla Group. ABFSG ranks among the top five fund managers in India (including LIC) with an [[Assets under management|AUM]] of around Rs 3 trillion by 2021<ref name="Birla Reference1">{{cite news |last1=Laskar |first1=Anirudh |title=Birla Sun Life plans1 raise ₹5,000 crore from share sale |url=https://www.livemint.com/companies/news/birla-sun-life-plans-to-raise-5-000-crore-from-share-sale-11615142119827.html |access-date=27 April 2021 |publisher=mint |date=8 March 2021 |language=en}}</ref>.{{citation needed|date=May 2017}} The company provides [[life insurance]], [[asset management]], lending (excluding Housing), housing finance, equity & commodity broking, wealth management and distribution, online money management portal—Aditya Birla Money MyUniverse, general insurance advisory and private equity and health insurance businesses, for retail and corporate customers. In FY 2013–14, ABFSG reported consolidated revenue from these businesses at just under {{INRConvert|70|b}} and profits of about {{INRConvert|7.5|b}}.{{citation needed|date=May 2017}} The company has 14,000 employees and over 6 million customers, with 1,500 points of presence and about 130,000 agents/channel partners.{{citation needed|date=May 2017}}

Latest revision as of 08:33, 2 September 2021


Aditya Birla Sun Life Asset Management Company Limited
IndustryFinancial services
Founded1994 in India
Headquarters
Mumbai, Maharashtra
,
India
Areas served
26 countries
Key people
A. Balasubramanian (CEO)
Services
OwnersAditya Birla Capital (51%)
Sun Life Financial Inc.(49%)[2]
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 the Aditya Birla Capital of India and the 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.[3][4][5]

History[edit]

Birla Sun Life Asset Management Company was established in 1994 as a joint venture between the Aditya Birla Group and the Sun Life Financial of Canada where the former owns 51% and the rest by latter which is a leading international financial services organization providing a diverse range of wealth accumulation, protection products, and services to individuals and corporate customers.[6][7]

Aditya Birla Financial Services Group (ABFSG) is the umbrella brand for all the financial services business 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[6].[citation needed] The company provides life insurance, asset management, lending (excluding Housing), housing finance, equity & commodity broking, wealth management and distribution, online money management portal—Aditya Birla Money MyUniverse, general insurance advisory and private equity and health insurance businesses, for retail and corporate customers. In FY 2013–14, ABFSG reported consolidated revenue from these businesses at just under ₹70 billion (US$800 million) and profits of about ₹7.5 billion (US$86 million).[citation needed] The company has 14,000 employees and over 6 million customers, with 1,500 points of presence and about 130,000 agents/channel partners.[citation needed]

Sun Life Financial, Inc. operates in India through Aditya Birla Sun Life Asset Management. Established in 1994, Birla Sun Life Asset Management Company Ltd. (BSLAMC), investment manager for Birla Sun Life mutual fund, has been a joint venture between the Aditya Birla Group and Sun Life Financial Inc. since 1999. Birla Sun Life Mutual Fund was the fourth largest Fund house in India based on domestic average assets under management as published by AMFI for the quarter ended March 31, 2014.[citation needed]

On 20 April 2021, Aditya Birla Sun Life Asset management company filed Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India in order to raise funds through an initial public offering (IPO).[8]

Mutual funds[edit]

It offers a various investment schemes including debt and treasury products, investment solutions including fund of fund schemes, Wealth Creation, Tax Savings, diversified and sector specific equity schemes and also introduced research-based investments, wealth management services, Regular Income Schemes, offshore funds, hybrid and monthly income funds, and Savings Schemes. Till year 2020, it had the largest team of research analysts in the Insurance industry with operations in major worldwide markets, including the United Kingdom, United States, Canada, Japan, Indonesia, Philippines, Ireland, China, Hong Kong, Bermuda, and India.

See also[edit]

References[edit]

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Our Businesses | Aditya Birla Capital".
  2. ↑ 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.
  3. ↑ "Birla Sun Life Mutual Fund introduces 100% paperless, Aadhaar-based eKYC – Times of India". The Times of India. Retrieved 2016-11-03.
  4. ↑ K, Muthukumar (2016-08-28). "Birla Sun Life Cash Plus: A secure avenue for surplus funds". The Hindu Business Line. Retrieved 2016-11-03.
  5. ↑ "Birla Sun Life MF buys 7.19 lakh shares of Shriram City Union". www.moneycontrol.com. Retrieved 2016-11-03.
  6. ↑ 6.0 6.1 Laskar, Anirudh (8 March 2021). "Birla Sun Life plans1 raise ₹5,000 crore from share sale". mint. Retrieved 27 April 2021.
  7. ↑ "About Us - Aditya Birla Sun Life Mutual Fund".
  8. ↑ 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.

External links[edit]

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