Birla Sun expects AUM to grow to Rs 40,000 cr
The company is also expecting its investor base to grow to 24 lakh from 12 lakh at present and is planning to open 40 more branches in the current fiscal with an aim to consolidate its position in the market.
By PTI |
CHANDIGARH: Birla Sun Life Asset Management Company (BSLAMC) on Wednesday said it expects to handle Rs 40,000 crore as assets under management (AUM) this fiscal and aims to double its investor base.
"We anticipate our AUM to grow to Rs 40,000 crore this year as against Rs 27000 crore as of August 31, 2007 because of growing response to our schemes," BSLAMC Head, (institutional sales), Sarb Preet Singh told reporters here today.
The company is also expecting its investor base to grow to 24 lakh from 12 lakh at present. "We feel that our investor base will also double from existing strength because of our investor-friendly schemes," he said.
The company is planning to open 40 more branches in the current fiscal with an aim to consolidate its position in the market.
"We have plans to raise the strength of our outlets to 100 from 60 at present in the country this year," he said.
The company is awaiting the approval of capital market watchdog, SEBI, for launching its 2-3 new funds in the market. "These funds could be a mixture of debt and equity, equity-based and debt- based," he said.
"We anticipate our AUM to grow to Rs 40,000 crore this year as against Rs 27000 crore as of August 31, 2007 because of growing response to our schemes," BSLAMC Head, (institutional sales), Sarb Preet Singh told reporters here today.
The company is also expecting its investor base to grow to 24 lakh from 12 lakh at present. "We feel that our investor base will also double from existing strength because of our investor-friendly schemes," he said.
The company is planning to open 40 more branches in the current fiscal with an aim to consolidate its position in the market.
"We have plans to raise the strength of our outlets to 100 from 60 at present in the country this year," he said.
The company is awaiting the approval of capital market watchdog, SEBI, for launching its 2-3 new funds in the market. "These funds could be a mixture of debt and equity, equity-based and debt- based," he said.
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