Aditya Birla Sun Life AMC IPO - Largest Non-Bank Affiliated Asset Management Company: IDBI Capital
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IDBI Capital's IPO Report
Aditya Birla Sun Life AMC Ltd. is the fourth largest asset management company in terms of quarterly average assets under management and the largest non-bank affiliated AMC as of June 2021 with an AUM of Rs 2.9 trillion, a market share (based on QAAUM) of 8.5% in the industry and a client base accounts seven million folio.
Aditya Birla Sun Life AMC's profit after tax has grown at a compound annual growth rate of 15% from FY18 to FY21, and return on equity has improved by 700 basis points during the same period to 33.7%.
The company has the second highest share from B-30 centers, (FY16: 19.3% Q1 FY22: 27.4%).
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