Aditya Birla Sun life Ltd AMC

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.

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.
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. 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 My Universe, 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$880 million) and profits of about ₹7.5
billion (US$94 million). The company has 14,000 employees and over 6 million 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 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
31 March 2014.
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).
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, investments 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.