Comments
Aditya Birla Sun Life Asset Management Company has reported a 7 per cent fall in September quarter net profit to ₹178 crore against ₹192 crore logged in the same period last year, on back of higher cost.
Income increased to ₹391 crore (₹388 crore). Overall expenses were up at ₹154 crore (₹138 crore).
The quarterly average asset under management of mutual fund was up 10 per cent year-on-year at ₹3.11 lakh crore while equity AUM increased by 9 per cent to ₹1.30 lakh crore.
Inflows through monthly SIP was at ₹968 crore in September. It registered about 2.13 lakh new SIP in the September quarter.
Alternate quarterly asset was up by 10 per cent year-on-year to ₹3.23 crore.
B-30 monthly average AUM increased by 13 per cent to ₹53,100 crore in September and accounted for 17 per cent of total AUM. Passive AUM increased 68 per cent to ₹28,400 crore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.