Birla Sun Life AMC adjudged the best onshore fund house in India
Birla Sun Life AMC adjudged the best onshore fund house in India by Asian Investor Magazine
Mumbai, May 5, 2009: Birla Sun Life Asset Management Co. (BSLAMC) was adjudged the best “India onshore fund house” at the Asian Investor 2009 Investment Performance Awards. This propels BSLAMC in the crème de la crème of asset management companies across Asia. BSLAMC is the only AMC from India to have won the award in this category for the financial year 2008 -09.
Birla Sun Life Asset Management Company ended the previous financial year with average domestic assets under management of Rs 47,096 Cr for March 2009. BSLAMC grew by 31% year-on-year even while the overall industry registered a downfall of 7% in the average AUM in the past financial year. BSLAMC is also the fastest growing among the top 5 fund house with a market share of 9.5% as on March 31, 2009 as against 6.7% in March 31, 2008.
Anil Kumar, CEO Birla Sun Life AMC, said, “It’s a privilege for us to have won this award, which is a testimony to our performance being recognized by not just the domestic , but also the international agencies. Birla Sun Life is one of the most trusted names in the industry – a trust earned through consistent investment performance, attributable to an experienced, stable, strong investment and in-house research team. These combined with our strong fund management processes tested over high and low market cycles enable us to outperform investor expectations.”
The recognition comes on the back of Birla Sun Life Asset Management Company winning the CNBC TV 18 CRISIL “Mutual Fund House of the Year” twice in a row, the only fund house to have done so. It also won “The Debt Fund House of the Year” at the same award ceremony. The strong growth momentum and demonstrative fund performance registered by BSLAMC in 2008 have also been recognized by many institutions of international repute like ICRA, Lipper and Value Research. It bagged ‘Star Fund house of the year’ award in the Debt category at the ICRA Mutual Fund Awards 2009. In February 2009, BSLAMC bagged the “Best Group in Mixed Assets Category” by Lipper. Across equity and debt categories, it bagged 8 ICRA and 3 Lipper awards and 3 CNBC TV18 CRISIL awards. Fourteen schemes of BSLAMC had 4 and 5-star rating by Value Research in February 2009.
About BSLMF: Birla Sun Life Asset Management Company Ltd. offers a range of comprehensive investment options, which includes diversified and sector specific equity schemes, hybrid funds and a wide range of debt and treasury products. Birla Sun Life Asset Management Company Ltd is a joint venture between the Aditya Birla Group, a US $ 28 billion corporation and Sun Life Financial, a leading international financial services player. It is a part of The Aditya Birla Financial Services Group which has a strong presence across various financial services verticals that include fund management, distribution and wealth management, security based lending, insurance broking, private equity and life insurance. The consolidated revenues from these businesses crossed the US 1 billion dollar mark, in 2007-08.
