Aditya Birla Sun Life AMC Ltd(ABSLAMC)

NSE: ABSLAMCBSE: 543374

₹ 879.9-1.48%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 25,462 crWebsite: mutualfund.adityabirlacapital.com/Updated: 27 Oct 2026

About

Aditya Birla Sun Life AMC Ltd (ABSLAMC) is one of India's leading asset management companies, offering mutual funds, portfolio management services, and alternative investment funds across equity, fixed income, passive, and alternate asset classes. It is the 6th largest AMC in India by QAAUM, with mutual fund QAAUM of ₹ 4,35,866 Crore and a 5.3% market share as on 31 March 2026. Overall quarterly average AUM including alternates reached ₹6,279 bn in Q1 FY27, up 42% YoY, including EPFO and ESIC mandates.^[1][2]

AUM and scale

Overall QAAUM including alternates reached ₹6,279 bn in Q1 FY27, up 42% YoY, driven primarily by the EPFO mandate onboarded in Q4 FY26.^[1]
Overall QAAUM stood at ₹ 4,74,002 Crore as on 31 March 2026, up 17% year-on-year.^[2]
Mutual fund QAAUM grew 6% YoY to ₹4,277 bn in Q1 FY27; equity MF QAAUM grew 10% YoY to ₹1,987 bn with equity mix at 46.5%.^[1]
Mutual fund equity QAAUM was ₹ 1,97,374 Crore at 31 March 2026, up 17% YoY, with a 4.1% market share.^[2]
MF market share (excluding ETF) was 5.79% in Q1 FY27, down from 6.02% in Q4 FY26 and 6.14% in Q2 FY26.^[1]
PMS/AIF QAAUM reached ₹1,945 bn in Q1 FY27, approximately 5x YoY from ₹287 bn, largely reflecting the EPFO and ESIC mandate assets.^[1]
Passive QAAUM stood at ₹400 bn in Q1 FY27, up 14% YoY; ETF QAAUM grew 47% YoY vs industry ETF growth of 29%.^[1]
Offshore AUM declined to ₹ 4,823 Crore in Q4 FY26 from ₹ 12,070 Crore in Q4 FY25.^[2]

Product suite

Mutual fund bouquet of 100+ investment solutions across equity, debt, liquid, ETFs, hybrid and thematic categories as of FY26.^[2]
Passive product suite comprises 52 offerings spanning equities, fixed income, and commodities as of Q1 FY27.^[1]
FY26 passive launches included ABSL BSE 500 Momentum 50 Index Fund, BSE 500 Quality 50 Index Fund, MSCI India ETF and BSE Top 10 Banks ETF.^[2]
SIF vertical launched under the APEX brand in March 2026 with the Apex Hybrid Long-Short Fund (minimum investment ₹ 10 Lakh); Equity Long Short and Equity Ex-Top 100 Long-Short SIFs planned by end of FY27.^[2][3]
Alternate AIF categories include Performing Credit, Money Market AIF, and Real Estate Credit, each targeting ₹5,000 - 7,000 cr AUM at initial scale.^[1]
Real estate AUM grew about 51% year-on-year to ₹ 743 Crore in FY26, managed through a senior secured debt portfolio.^[2]
PMS/AIF assets grew from ₹ 11,330 Crore in Q4 FY25 to ₹ 32,570 Crore in Q4 FY26, 3x growth.^[2]

SIP book and investor base

Monthly SIP contribution was ₹10.85 bn in June 2026, down from ₹12.04 bn in March 2026, attributed by management to ELSS outflows and higher industry-wide SIP cancellations.^[1]
SIP QAAUM stood at approximately ₹87,000 cr in Q1 FY27.^[1]
Total MF investor folios reached 11.1 mn in June 2026, up from 11.0 mn in March 2026 and 10.7 mn in September 2025.^[1]

Yield and fee structure

New SEBI (Mutual Funds) Regulations, 2026 took effect April 1, 2026; in Q1 FY27 equity yield settled at 63 - 64 bps, debt 24 - 25 bps, liquid 12 - 13 bps, and ETF 8 bps.^[2][1]
Alternate business net revenue contribution was approximately 4% of overall revenues in Q1 FY27, consistent with Q3 FY26 (~₹34 cr or ~4.5%).^[1]
Revenue from Aditya Birla Sun Life Mutual Fund was ₹1713.09 Cr in FY26, out of total fees and commission income of ₹1,845.03 Cr.^[2]

Distribution and reach

Empaneled distributor base exceeded 93,000 MFDs as of 9M FY26, with 7,800+ new empanelments; distribution spans 310+ locations, over 80% in B-30 cities.^[4]
B30 MAAUM reached ₹ 71,921 Crore in March 2026 vs ₹ 64,534 Crore in March 2025, up 11%; several new locations planned in FY27.^[2]
VRM is available in 14 regional languages, and the direct channel has presence in the top 14 locations (FY26).^[2]
Flagship funds (FlexiCap, Balanced Advantage, Equity Savings) added to approved lists of HDFC Bank, Kotak, YES Bank, Standard Chartered, IndusInd Bank, LGT Wealth and Ask Wealth in Q1 FY27.^[1]
In FY26 investor education reached over 10,66,241 people through 12,839+ sessions and trained 2,81,563 distributors through 4,951+ sessions.^[2]

Institutional mandates

Selected by EPFO to manage its debt portfolio for five years; EPFO mandate assets are a key driver of the 42% YoY overall QAAUM growth in Q1 FY27.^[5]
ESIC mandate contributed ₹285 bn to PMS/AIF QAAUM as of Q4 FY26.^[3]
With EPFO and ESIC, overall AUM including advisory mandates is expected by the company to move towards ₹ 10 Lakh Crore (FY26 annual report).^[2]

Expansion and new initiatives

GIFT City wholly owned subsidiary, Aditya Birla Sun Life AMC International (IFSC) Limited, set up effective December 4, 2025; registered as FME (Retail) on 23 March 2026.^[2]
On 23 March 2026 a Business Transfer Agreement was signed to sell the GIFT City branch business to the IFSC subsidiary, on a slump-sale basis for ₹5.45 crores.^[2][3]
Additional investment of ₹ 9.40 Crore made in the IFSC subsidiary through a rights issue (FY26).^[2]
Emerging Market Equity Fund, India Growth Fund and global market index funds planned from GIFT City for Q2 FY27.^[1]
PMS long-only equity AUM is approximately ₹5,000 cr, with a target of ₹20,000 - 21,000 cr over the next three years (Q1 FY27).^[1]
Committed seed capital of up to 10% of AIF fund size from its own P&L for new AIF categories (Q1 FY27).^[1]

People and recent developments

Workforce of 1,501 employees with 30% gender diversity as of 31 March 2026.^[2]
New head of passives Hemen Bhatia appointed in Q1 FY27 with 20+ years of experience.^[1]
Employee benefit expense rose 26% YoY in Q1 FY27, mainly from ESOP cost of about ₹10 cr per quarter under a scheme effective January 2026.^[1]
A data breach at third-party vendor Qapita exposed ESOP-related employee data; the company reported no compromise of its own systems (FY26).^[2]
Final dividend of ₹25.50 per share proposed for FY26, vs ₹24 for FY25.^[2][6]

Market Cap

₹25,462 Cr

High / Low

₹1,224 / 708

Stock P/E

26.5

Price / Book

6.7

Book Value

₹140

EPS

₹33.8

No. of Shares

28.88 Cr

ROCE

31.5%

ROE

25.1%

Sales

₹2,060 Cr

Net Profit

₹975 Cr

Promoter holding

74.7%

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