Aditya Birla Sun Life AMC announced Q2FY24 & H1FY24 results: 1. Business Highlights: - ABSLAMC's total QAAUM including alternate assets grew by 10% YoY to Rs 3,235 billion for Q2FY24. - Mutual Fund QAAUM witnessed growth of 10% YoY to Rs 3,109 billion. - Equity Mutual Fund QAAUM increased by 9% YoY to Rs 1,302 billion, with a mix of 42% to overall Mutual Fund QAAUM. - Individual Monthly AAUM increased by 11% YoY to Rs 1,591 billion, with an individual mix of 52% of total AUM. - B-30 Monthly AAUM increased by 13% YoY to Rs 531 billion, with a B-30 mix of 17% of total AUM. - Passive AUM increased by 68% YoY to Rs 284 billion. - ABSLAMC serviced 7.89 million folios and added around 0.3 million new folios in H1FY24. - Monthly systematic flows for September 2023 was at Rs 9.68 billion with 3.23 million accounts. - Registered around 2,13,000 new SIP for the quarter ending September 30, 2023. - 83% of overall transactions and 78% of new folios were done digitally in H1FY24. - Over 76,300 KYD-compliant MFDs, 300+ National Distributors, and 85+ Banks serviced through 290+ locations. 2. Financial Highlights: - Q2FY24 Revenue from Operations is at Rs 3,350 million, up 8% YoY. - Q2FY24 Operating Profit is at Rs 1,811 million, up 5% YoY. - H1FY24 Revenue from Operations is at Rs 6,461 million compared to Rs 6,156 million in H1FY23. - H1FY24 Operating Profit is at Rs 3,436 million compared to Rs 3,444 million in H1FY23. Result PDF