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| Birla Sun Life Tax Relief-96 adjudged 'World's Best-Performing Equity Fund' |
| Announcement / Corporate Oct 28, 2009, 18:07 IST |
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Birla Sun Life Tax Relief ‘96” (BSLTR’96”) has been adjudged “the World’s Best-Performing Equity Fund” for the 13-year period ended September 30, 2009, according to Lipper global data.
Birla Sun Life Tax Relief '96 has secured the 1st rank based on thirteen-year annualized return of 35.33% in Indian Rupee as of 30th September 2009. This recognition is based on the study of 3006 Equity Funds as per Lipper global fund data, excluding ETF funds and closed ended funds, having a minimum track record of at least 13-year as of September 2009. Mr. A Balasubramanian, CEO, BSLMF, said, “It’s a big honour for us. This recognition is a testimony of our strong and consistent equity fund performance. What is heartening though is that, while it was a historical achievement to have won the CNBC TV18 Crisil ‘Mutual Fund house of the year’ twice in a row, we have of late been recognized at the international platform as well. We want to acknowledge and appreciate the sustained support we have been receiving from our growing customer base. The strong growth momentum and demonstrative fund performance have helped Birla Sun Life Mutual Fund gain recognition from institutions like Crisil-CNBC TV18, ICRA, Lipper and Value Research”.
Birla Sun Life Asset Management Company has recently won three international awards including “The Best Asset Management Company , India ” by The Asset magazine, Hong Kong and the best “Onshore fund house, India” by the Asian Investor magazine, Hong Kong. These recognitions choose individual country’s best performers from across Asia.
Lipper, a Thomson Reuters company, provides independent insight on global collective investments including mutual funds, retirement funds, hedge funds, fund fees and expenses to the asset management and media communities. Covering over 193,000 share classes and over 108,000 funds in 571 registered for sale (RFS) universes, Lipper is the world's leading fund research and analysis organization.
Birla Sun Life Asset Management Company
Birla Sun Life Asset Management Company (BSLAMC) is a joint venture between the Aditya Birla Group, a well-known Indian conglomerate and Sun Life Financial Inc, leading international financial services organization from Canada. The company offers a wide range of investment solutions which include diversified and sector specific equity schemes, fund-of-fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds. It also provides Private Wealth Management services and Real Estate Advisory Services. It is amongst the top 5 mutual fund houses in India with average Assets Under Management of over Rs 63,000 crores, as on 31st September 2009. An impressive reach through 115 branches and strong investment performance has helped the Company enjoy trust of over 2.2 Million investors.
Known for its consistent performance, BSLAMC has received recognition from various institutes of international repute like the CRISIL, ICRA and Lipper. BSLAMC has won 3 international awards including the best “Onshore Fund House – India” by Asian Investor Magazine and the “Best Asset Management Company, India” by The Asset magazine, Hong Kong for FY 08-09. It is the only fund house in India to have won the coveted “Mutual Fund House of the Year” from CNBC TV 18 Crisil twice in a row.
About Aditya Birla Group
A US $29.2 billion corporation, the Aditya Birla Group is in the league of Fortune 500 worldwide. It is anchored by an extraordinary force of 100,000 employees, belonging to 25 different nationalities. The group operates in 25 countries across six continents – truly India's first multinational corporation.
Aditya Birla Group through Aditya Birla Financial Services Group (ABFSG), has a strong presence across various financial services verticals that include life insurance, fund management, distribution & wealth management, securities based lending, insurance broking, private equity and retail broking. In FY 2008-09, the consolidated revenues of ABFSG from these businesses crossed Rs. 4763 crs, registering a growth rate of 36%.
About Sun Life Financial Inc
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide. As of March 31, 2009, the Sun Life Financial group of companies had total assets under management of $375 billion globally.
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