MF News ABSL AMC reports 86% jump in net profits over the last quarter

ABSL AMC reports 86% jump in net profits over the last quarter

The fund house added close to 2 lakh folios and serviced 81 lakh folios in September 2022 quarter.

Team Cafemutual Oct 31, 2022

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Aditya Birla Sun Life AMC reported Rs. 191.7 crore of net profits in September 2022 quarter, 86% higher than the previous quarter. Total revenue from operations and other income also increased by 42% to Rs. 387.7 crore during the said period.

The fund house reported quarterly average AUM of Rs. 2.83 lakh crore and shared other key business highlights for September 2022 quarter.

Reported monthly systematic inflows of Rs. 930.9 crore from 32.6 lakh accounts
Registered around 2.58 lakh SIPs (including STPs)
Added close to 2 lakh folios and serviced 81 lakh folios

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