View source for Aditya Birla Sun Life Asset Management

{{short description|Indian investment company}}
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{{Infobox company
| name = Aditya Birla Sun Life Asset Management Company Limited
| romanized_name = 
| logo = ABSL Logo Square.png
| image = 
| type = [[Private company|Private]]
| predecessor = <!-- or: | predecessors = -->
| successor = <!-- or: | successors = -->
| founded = 1994 in India
| founder = <!-- or: | founders = -->
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| fate = 
| hq_location_city = [[Mumbai]], [[Maharashtra]]
| hq_location_country = India
| key_people = A. Balasubramanian <small>(CEO)</small>
| industry = [[Financial services]]
| services = {{ubl|[[Life insurance]]<ref name=abs1/> |[[Health insurance]]<ref name=abs1/> |[[Vehicle insurance]]<ref name=abs1/> |[[Travel insurance]]<ref name=abs1/>|[[Investment management]]<ref name=abs1/> |[[Mutual fund]]<ref name=abs1>{{Cite web|url=https://www.adityabirlacapital.com/about-us/our-businesses|title = Our Businesses &#124; Aditya Birla Capital}}</ref>}}
| owners = [[Aditya Birla Group|Aditya Birla Capital]] (51%)<br />[[Sun Life Financial Inc.]](49%)<ref>{{cite news |last1=Sonavane |first1=Ravindra N. |title=Aditya Birla Capital, Sun Life to sell 13.5% stake in asset management biz IPO |url=https://www.livemint.com/market/ipo/aditya-birla-capital-approves-aditya-birla-sun-life-amc-ipo-11618404978775.html |access-date=23 April 2021 |work=mint |date=14 April 2021 |language=en}}</ref>
| num_employees = 
| num_employees_year = <!-- Year of num_employees data (if known) -->
| website = {{URL|mutualfund.adityabirlacapital.com/}}
| areas_served = 26 countries
}}
'''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 Group|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.<ref>{{Cite news|url=http://timesofindia.indiatimes.com/city/chennai/Birla-Sun-Life-Mutual-Fund-introduces-100-paperless-Aadhaar-based-eKYC/articleshow/51142813.cms|title=Birla Sun Life Mutual Fund introduces 100% paperless, Aadhaar-based eKYC – Times of India|newspaper=The Times of India|access-date=2016-11-03}}</ref><ref>{{Cite news|url=http://www.thehindubusinessline.com/portfolio/mutual-funds/birla-sun-life-cash-plus-a-secure-avenue-for-surplus-funds/article9042952.ece|title=Birla Sun Life Cash Plus: A secure avenue for surplus funds|last=K|first=Muthukumar|date=2016-08-28|newspaper=The Hindu Business Line|access-date=2016-11-03}}</ref><ref>{{Cite web|url=http://www.moneycontrol.com/news/buzzing-stocks/birla-sun-life-mf-buys-719-lakh-sharesshriram-city-union_6970781.html|title=Birla Sun Life MF buys 7.19 lakh shares of Shriram City Union|website=www.moneycontrol.com|access-date=2016-11-03}}</ref>

==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.<ref name="Birla Reference1" /><ref name=abs>{{Cite web|url=https://mutualfund.adityabirlacapital.com/about-us|title = About Us - Aditya Birla Sun Life Mutual Fund}}</ref>

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 [[Assets under management|AUM]] of around Rs 3 trillion by 2021<ref name="Birla Reference1">{{cite news |last1=Laskar |first1=Anirudh |title=Birla Sun Life plans1 raise ₹5,000 crore from share sale |url=https://www.livemint.com/companies/news/birla-sun-life-plans-to-raise-5-000-crore-from-share-sale-11615142119827.html |access-date=27 April 2021 |publisher=mint |date=8 March 2021 |language=en}}</ref>.{{citation needed|date=May 2017}} 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 MyUniverse, 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 {{INRConvert|70|b}} and profits of about {{INRConvert|7.5|b}}.{{citation needed|date=May 2017}} The company has 14,000 employees and over 6 million customers, with 1,500 points of presence and about 130,000 agents/channel partners.{{citation needed|date=May 2017}}

[[Sun Life Financial|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 March 31, 2014.{{citation needed|date=May 2017}}

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).<ref>{{cite news |last1=Madia |first1=Chirag |title=Aditya Birla MF files IPO document with Sebi; issue size Rs 2,000 cr |url=https://www.business-standard.com/article/markets/aditya-birla-mf-files-ipo-document-with-sebi-issue-size-rs-2-000-cr-121042000999_1.html |access-date=23 April 2021 |work=Business Standard India |date=20 April 2021}}</ref>

== Mutual funds ==

It offers a various investment schemes including debt and treasury products, investment solutions 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]].

== See also ==

* [[Mutual funds in India]]

==References==
<references />

==External links==
* {{official}} 

{{Investment management}}
{{Major insurance companies}}
{{Insurance in India}} 
{{Aditya Birla Group}}

[[Category:Investment companies of India]]
[[Category:Financial services companies of India]]
[[Category:Financial services companies established in 1994]]
[[Category:Insurance companies of India]]
[[Category:Financial services companies based in Mumbai]]
[[Category:1994 establishments in Maharashtra]]
[[Category:Indian companies established in 1994]]