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According to a top company executive the Birla Sun Life Asset Management Company (AMC) has been planning to build its size across categories in the current fiscal.
During the last fiscal, the fourth largest fund house in the country, with an average assets under management at Rs 1.68 trillion as on August, has already consolidated nine funds under categories like equity and fixed income.
A Balasubramanian, CEO of Birla Sun Life Asset Management Company has said that “We have already consolidated nine funds falling under categories like equity and fixed income in last fiscal.”
He further said that “We have chalked out a strategy to achieve leadership in other categories like multi-cap, balanced fund, fixed income and medium term funds over next few months.”
