Thursday, April 6, 2023

Aditya Birla Sun Life AMC Limited’s Target Maturity Funds AUM Surpasses Rs 20,000 Crore in April 2023

* Aditya Birla Sun Life AMC Limited’s Passive AUM Surpasses Rs 25,000 Crore In March 2023

Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited and an investment manager for Aditya Birla Sun Life Mutual Fund, has further strengthened its presence in the target maturity space with its asset under management surpassing Rs 20,000 crore mark in April 2023. The company offers the widest range of target maturity funds across the industry.

The passive funds vertical also reached an important milestone with its AUM crossing Rs 25,000 crore in March 2023. Along with other ETFs, they are also the first AMC to file and launch a Silver ETF & FoF, and offer Smart Beta portfolios, such as the Nifty 50 Equal Weight, Momentum, and Quality.

Commenting on the milestone and growth of their Passive AUM, A. Balasubramanian, Managing Director and Chief Executive Officer of Aditya Birla Sun Life AMC Ltd., said, “We are happy to announce that our passive funds have achieved a significant milestone by crossing Rs. 25,000 crores of assets under management along with target maturity funds crossing Rs 20,000 crores. This accomplishment reflects the growing popularity of passive investing in India, as well as the trust our investors have placed in us. While we remain committed to providing top-quality active investment opportunities to our investors, we are equally excited about the passive investment space.”

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