Aditya Birla Sun Life Nifty Bank ETF AUM crosses over ₹2,000 crore in February

The most liquid and highly capitalized Indian banking stocks make up the Nifty Bank Index. It is a benchmark that reflects the capital market performance of Indian banks to investors and market intermediaries.

Commenting on the achievement and growth of the ETF, Aditya Birla Sun Life AMC Managing Director and Chief Executive Officer, A.K. Balasubramanian said, “We are thrilled to see the overwhelming response from investors for the Aditya Birla Sun Life Nifty Bank ETF. The strong performance of the banking sector has played a significant role in the success of the fund, and we are confident that this trend will continue in the future. I firmly believe that a strong banking system is essential to support India’s growth.”

“The assets under management for Aditya Birla Sun Life AMC Ltd has grown over 3 times in the ETF space 4000 crores since the beginning of the current financial year till the end of February 28, 2023, Aditya Birla Sun Life AMC said in a statement on March 14, 2023.

Besides this, other ETFs offered by Aditya Birla Sun Life AMC also saw record jump in AUM. Aditya Birla Sun Life Nifty 50 ETF’s AUM surged by 72% 1095 crore, the AUM of Aditya Birla Sun Life Gold ETF grew by 50% 534 Crore and the AUM of Aditya Birla Sun Life Silver ETF grew by 76% 169 crores.

Aditya Birla said, “Apart from Aditya Birla Sun Life Nifty Bank ETF, other ETFs offered by the company have also witnessed substantial growth in AUM, striving to provide investors a diverse range of investment options that meet their needs.” Shows the commitment of the company.” In an official statement by Sun Life AMC.

One of the top asset managers in India, Aditya Birla Sun Life AMC Limited serves over 8.01 million investor folios and has a pan-India presence across 290+ locations. For the quarter ended December 31, 2022, the total AUM of the company is more than Rs. 2,930 billion.