Page 3 - Aditya Birla Sun Life Amc

Aditya Birla Sun Life AMC promoters sell 11.5% stake; shares fall 3.3%

The Aditya Birla Group, which holds 50 per cent stake in the AMC, offloaded 5 per cent, while Sun Life, which has 36.48 per cent, sold 6.47 per cent stake

Stocks to Watch: TCS, Aditya Birla Sun Life, L&T Finance, Tata Steel, SBI

Stocks to Watch on March 19, 2024: Tata Sons is set to divest a 0.65 per cent stake in in TCS on Tuesday in the open market, according to a term sheet. It will offload 23.4 million shares

Aditya Birla Sun Life AMC OFS opens on Tue; fixes floor price of Rs 450 cr

Aditya Birla Sun Life AMC on Monday said its promoters propose to sell 7 per cent of their stake for Rs 900 crore. The promoters, Aditya Birla Capital Ltd and Sun Life (India) AMC Investments Inc, propose to sell up to 2,01,66,293 shares of the company representing 7 per cent of stake by way of an offer-for-sale (OFS) through stock exchange mechanism, a regulatory filing said. At the base offer, promoters would raise Rs 900 crore, while with the green shoe option they would raise about Rs 1,487 crore. The two-day OFS opens on Tuesday and closes on Wednesday, it said. The OFS comes with an option to additionally sell up to 1,28,86,277 shares representing 4.47 per cent, it said. The base offer size and the oversubscription option will represent 11.47 per cent of the total issued and paid up share capital of the company, that is 3,30,52,570 shares, it said. The floor price for the offer would be Rs 450 per share, it said. Shares of Aditya Birla Sun Life AMC Ltd closed at Rs 475.35,

Birla AMC promoters to sell 11.47% to raise about Rs 1.4K crore

The Aditya Birla Group, which holds a 50 per cent stake in the AMC, will offload 5 per cent, while Sun Life, which has a 36.48 per cent, will sell the remaining 6.47 per cent stake in the OFS

'Correction cleared some smallcap froth, but largecaps still better placed'

Investors with a high-risk appetite and under-allocation to smallcaps may consider increasing exposure to companies that have experienced stock price corrections, says Harish Krishnan

DSP Mutual Fund launches US bond fund with flexibility on duration

Scheme to actively manage duration through seven US bond ETFs

Aditya Birla Sun Life AMC Q3 results: Profit grows 26% to Rs 209 crore

Aditya Birla Sun Life AMC on Monday reported a 26 per cent rise in its net profit to Rs 209.34 crore in the December quarter. In comparison, the company had posted a net profit of Rs 166.3 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing. Total income grew to Rs 420.96 crore in the quarter under review as against Rs 363.17 crore in the October-December period of the preceding fiscal (2022-23). Aditya Birla Sun Life AMC, a joint venture between Aditya Birla Capital and Sun Life (India) AMC Investments Inc, is primarily the investment manager of Aditya Birla Sun Life Mutual Fund. It is one of the leading asset management companies in India.

Ahead of index inclusion, top Indian fund managers look to boost inflow

The cohort are betting on inclusion in global bond indexes to drive returns after the central bank doused speculation of an interest-rate cut

Expect mid-teen equity returns, no rate cut in 2024, says ABSL AMC

Economic growth, the AMC said, is expected to be led by investments

TMFs: Capture current high yields by staying invested till maturity

Select a fund with a longer duration to gain from possible rate cuts next year

Aditya Birla Sun Life AMC collects about Rs 800 cr from logistics fund NFO

Aditya Birla Sun Life AMC Ltd on Wednesday said it has collected nearly Rs 800 crore through its transport and logistics scheme during the new fund offering (NFO) period. The asset management company mobilised the amount from its thematic fund -- Aditya Birla Sun Life Transport and Logistics Fund -- during the NFO period from October 27 to November 10. The fund reopened for subscription on November 21. The open-ended equity oriented thematic fund received a huge response from 53,777 investors and has garnered a total of Rs 798.89 crore, the company said in a statement. "This fund is a unique offering that captures the growth potential of the transportation and logistics sector, which is a key driver of the Indian economy. The fund aims to provide long-term capital appreciation by investing in companies that are well-positioned to benefit from the structural changes and emerging trends in the sector," A Balasubramanian, Managing Director and CEO at Aditya Birla Sun Life AMC, said. T

RBI likely to keep rates on hold for entire 2024, says Kaustubh Gupta

We believe US rates have peaked, and the US Federal Reserve can start easing in the second half of 2024. However, the same cannot be said for Indian policy responses

Invest in US Treasury debt fund for currency hedge: What is on offer?

There could be losses in these funds if interest rates rise or the rupee appreciates

Aditya Birla Sun Life AMC Q2 results: Net profit declines 7% to Rs 178 cr

Aditya Birla Sun Life AMC, part of Aditya Birla Capital, on Thursday reported a seven per cent decline in net profit to Rs 178 crore in the September quarter. The asset management firm had posted a net profit of Rs 191.7 crore in the year-ago period, Aditya Birla Sun Life AMC said in a statement. The company's revenue from operations rose eight per cent to Rs 335 crore in the quarter under review from Rs 311 crore a year ago. ABSL AMC's assets under management stood at Rs 3.1 lakh crore in the second quarter of the current fiscal, registering a growth of 10 per cent. Founded in 1994, the Aditya Birla Sun Life AMC is co-owned by Aditya Birla Capital and Sun Life (India) AMC Investments Inc. It is one of the leading asset managers in the country, servicing around 7.89 million investor accounts with a pan-India presence across over 290 locations.

No question of taking money out of mkt: Aditya Birla Sun Life AMC MD & CEO

"Any rebalancing must not be done entirely out of the equity market but through a mix of exposure to equity and debt. It is prudent to look at it from the prism of an asset class mix"

There's little downside in Indian equity markets, says Mahesh Patil

While demand has been softening, commodity price deflation, along with cost control measures by corporates, has prevented severe margin contraction, says Mahesh Patil, CIO, Aditya Birla Sun Life AMC

Aditya Birla Sun Life, Axis MF call off NFOs on tepid investor response

Decisions come after launch period is over; experts say one reason for failure of the NFOs was investors' rush for select debt schemes in the last week of March

Aditya Birla Sun Life tanks 12% in 2 days; stock hits record low

Finance Bill 2023 has introduced an amendment that will classify capital gains arising from debt mutual funds as only short-term capital gains.

Adani Ports repays Rs 1,500 cr to SBI Mutual Fund, Aditya Birla Sun Life

Adani Ports and Special Economic Zone has repaid Rs 1,500 crore loan and will repay another Rs 1,000 crore in commercial papers due in March. The Adani Group firm paid Rs 1,000 crore to SBI Mutual Fund and Rs 500 crore to Aditya Birla Sun Life Mutual Fund on commercial papers that matured on Monday, as scheduled. "This part prepayment is from the existing cash balance and funds generated from the business operations," a company spokesperson said. "This underscores the confidence which the market has placed on the prudent capital and liquidity management plan for the group." An SBI MF spokesperson said it has no further exposure. "SBI MF had an exposure of around Rs 1,000 crore to Adani Group, which has been repaid on maturity. We have no further exposure to the Adani Group," the spokesperson said.

Aditya Birla Sun Life AMC collects Rs 1,574 cr via new fund offering

Aditya Birla Sun Life AMC on Tuesday said it has collected Rs 1,574 crore through its newly launched multi-asset allocation fund. The new open-ended scheme-- Aditya Birla Sun Life Multi Asset Allocation Fund -- which invests in equity, fixed income, gold, silver and real estate investment trusts (REITs) was launched on January 11. "The NFO (new fund offering) managed to garner high investor interest with investments from over 70,000 investors and collected Rs 1,574 crore as on January 31, 2023," the asset management company said in a statement. The multi-asset allocation category has emerged as a popular investment option for investors seeking asset class diversification along with a stable investment solution. A Balasubramanian, MD and CEO of Aditya Birla Sun Life AMC, said market volatility can be a challenge for investors, however the multi-asset allocation fund can provide a stable investment solution. "The fund's portfolio construction is unique and has a high focus on qualit