Birla Sun Life MF AUM up 68 per cent Y-O-Y

MUMBAI: Birla Sun Life Mutual Fund (BSLMF) has posted a 68 per cent a year-on-year growth in Assets under Management (AUM) at Rs 63,056 crore as on September 30, 2009.

BSLMF's revenue during the quarter stood at Rs 67.7 crore, up 61.5 per cent over the same quarter last year. The net profit on a year-to-year basis grew from Rs 4.5 crore to Rs 8.8 crore, a company statement said here.

"Our performance was remarkable considering the business environment during the quarter and we have scored well over and above the industry average. The strong growth momentum and fund performance have helped Birla Sun Life Mutual Fund gain recognition in India as well as abroad," Birla Sun Life MF CEO A Balasubramanian said in a statement here.

Birla Sun Life Tax Relief 96 (BSLTR96) has been adjudged 'the Worlds Best-Performing Equity Fund' for the 13-year period ended September 30, 2009.

This recognition is based on the study of 3006 equity funds as per Lipper global fund data, excluding ETF and closed-ended funds, having a minimum track-record of at least 13 years as of September 2009.

"It's a big honour for us. This recognition is a testimony of our strong and consistent equity fund performance," Balasubramanian said.