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 The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the ownership of Ministry of Finance within the Government of India. It was established on 12 April 1988 as an executive ...

. It is a joint venture between the

Aditya Birla Capital Aditya Birla Group is an Indian multinational conglomerate, headquartered in Mumbai. It operates in 100 countries with more than 1,40,000 employees directly and indirectly. The group was founded by Seth Shiv Narayan Birla in 1857. The group ha ...

of India and the

Sun Life Financial Inc. Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company. Sun Life has a presence in investment management with over CAD$1.3 trillion in assets under management operating in a numbe ...

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.

History

Birla Sun Life Asset Management Company was established in 1994 as a joint venture between the

Aditya Birla Group Aditya Birla Group is an Indian multinational conglomerate, headquartered in Mumbai. It operates in 100 countries with more than 1,40,000 employees directly and indirectly. The group was founded by Seth Shiv Narayan Birla in 1857. The group ha ...

and the Sun Life Financial of Canada where the former owns 51% and the rest by latter which is a leading international

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

organization providing a diverse range of wealth accumulation, protection products, and services to individuals and corporate customers. 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 ''Om'' (or ''Aum'') (; sa, ॐ, ओम्, Ōṃ, translit-std=IAST) is a sacred sound, syllable, mantra, or an invocation in Hinduism. ''Om'' is the prime symbol of Hinduism.Krishna Sivaraman (2008), ''Hindu Spirituality Vedas Through Ved ...

of around Rs 3 trillion by 2021. The company provides

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

, 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 and profits of about . The company has 14,000 employees and over 6

million One million (1,000,000), or one thousand thousand, is the natural number following 999,999 and preceding 1,000,001. The word is derived from the early Italian ''millione'' (''milione'' in modern Italian), from ''mille'', "thousand", plus the au ...

customers, with 1,500 points of presence and about 130,000 agents/channel partners. 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

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 31 March 2014. On 20 April 2021, Aditya Birla Sun Life Asset management company filed Draft Red Herring Prospectus (DRHP) to the

in order to raise funds through an initial public offering (IPO). Aditya Birla Sun Life Asset management company's IPO subscriptions to open on 29 September 2021 and close on 1 October 2021 at a price band of Rs 695 - Rs 712 per share.

Mutual funds

It offers a various investment schemes including debt and treasury products,

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

s 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 Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

, Indonesia, Philippines, Ireland,

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

, Hong Kong, Bermuda, and India.

References

{{Aditya Birla Group Investment companies of India Financial services companies of India Financial services companies established in 1994 Insurance companies of India Financial services companies based in Mumbai 1994 establishments in Maharashtra Indian companies established in 1994

History

Mutual funds

See also

References