Home > General > AUM of Birla Sun Life Insurance crosses Rs. 15,000 crore mark

AUM of Birla Sun Life Insurance crosses Rs. 15,000 crore mark

Birla Sun Life Insurance Company (BSLI), one amongst India’s leading life insurance companies, has achieved a new milestone, by crossing the figure of Rs. 15,000 crore in its Assets Under Management (AUM) in January 2010. This closely follows the 10,000 crore AUM mark that was achieved by BSLI recently in April 2009.

Commenting on the occasion, Vikram Kotak, Chief Investment Officer, Birla Sun Life Insurance, said, “It gives us great pleasure to cross the new milestone of Rs. 15,000 crore of AUM, registering a strong y-o-y growth of over 90% as on January 2010. This growth is a reflection of the faith entrusted by our policyholders in us. This achievement is notable especially in a year of slow-paced growth on the back of global financial turmoil in fiscal 2009. During the year, we have further widened our fund offerings to meet various financial goals of policyholders with varying risk profiles. This has played an instrumental role in growing our AUM. Currently, Equity constitutes 56% of our ULIP AUM.”

He further adds, “Investment performance is a critical yardstick to measure a company’s performance. All our funds have consistently outperformed their respective benchmarks over the last 1-5 year period. Our investment strategy remains focused on building a high quality portfolio by investing in companies that have strong management, strong financial performance, scalable business model and good growth visibility.”

Source: Indiaprwire

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Categories: General
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