Aditya Birla Sun Life AMC’S financial results for Sep 21 quarter report a yearly growth of 38% in profit after tax to Rs. 173 crore.
The AMC’s quarterly average AUM jumped by 26% to Rs.3 lakh crore. “Over 67,000 KYD-compliant MFDs, 240+ national distributors and 100+ banks/financial intermediaries serviced through 280+ locations of which over 80 per cent is in B-30 cities,” said the AMC in a press release.
The AMC has added 5.95 lakh new folios in the first half of FY 22 and serviced a total of 73 lakh folios for the quarter ending 30 Sep 21.
In another financial reporting, Nippon Life India Asset Management’s profit went up by 47% to Rs. 214 crore in the second quarter of FY 2022. Its quarterly average AUM increased by 33% to Rs. 2.65 lakh crore.
In a press release issued, Nippon India Mutual Fund (NIMF) reported an AUM of Rs. 48,843 crore from B30 cities. “This segment forms 18% of NIMF’s AUM vis-à-vis 16% for the Industry”, said the fund house.
