Aditya Birla Sun Life AMC Listing a Big Let Down for Investors

    Aditya Birla Sun Life AMC listing has really been a huge disappointment for investors, who otherwise invested thinking that the opening will give them a profitable exit. The market is bullish, yet the debut on the stock exchanges on October 11, falling as much as 2.25 percent to a low of Rs 696 on the BSE from the issue price of Rs 712 is a big let down.

    The stock of Aditya Birla Sun Life AMC declined 1.7 percent to Rs 699.65 at the close on the BSE. That was below the grey market price of Rs 732-737 even though market conditions were positive. The BSE Sensex and the Nifty 50 hit fresh highs and continued their uptrend for the third consecutive session.

    Experts continue to advise holding the stock for the long term, citing, among other things, the positive outlook for mutual funds with growing investments awareness.

    “We recommend holding the stock for the long term as the company being the largest non-bank affiliated asset manager in India and among the four largest asset management companies in India by quarterly average assets under management has a well-recognised brand with experienced promoters,” said Astha Jain, a senior research analyst at Hem Securities.

    She said the Aditya Birla Sun Life AMC‘s growing individual investor customer base is driven by strong systematic flows and from beyond the Top 30 cities.

    Aditya Birla Sun Life AMC – future looks promising

    In the last six-seven years, our AUM has grown from over Rs 32,000 crore in 2016 to around Rs 1,20,000 crore. That is a tremendous job that we did at the AMC. We have a large pool of customers which is around 2 million customers and about 5.2 million unique customers. The large pool of customer base can go up quite significantly even.

    I would assume that going forward the mutual fund industry will continue to see a significant acceptance and growth coming from large investors .


    Latest Updates

    Related Articles

    Now Go Karaoke with Apple Music Sing, Its New, Its Exciting

    Apple Music Sing has created excitement for karaoke enthusiasts. The Apple Music Sing, a...

    IND vs Bangladesh 2nd ODI Clash Today, Will India Capture its Lost Glory?

    Ind vs Bangladesh is a fight to watch today. The second One-Day International at...

    Its official, Divya Aggarwal is engaged to Apurva Padgaonkar

    Apurva Padgaonkar and Bigg Boss OTT winner Divya Aggarwal have made their relationship official....

    Brazil vs South Korea: Neymar dribbles his magic in Brazil’s 4-1 win

    Brazil vs South Korea was a spectacular knockout match to watch and the Brazilian...