IPO update: Aditya Birla Sun Life AMC

Aditya Birla Sun Life AMC (ABSL AMC) came out with its IPO about five months ago, and you can find our detailed analysis of the issue here. In this update, we will look at the company's market performance and business performance post issue. Our analysis of the IPO We gave a 17 out of 28 to this asset management company. ABSL AMC is a joint venture between Aditya Birla Capital and Sun Life (India) AMC Investments Inc. As of December 31, 2021, it is the fourth largest AMC in India and the largest non-bank affiliated AMC in India by quarterly average assets under management (QAAUM). Its total AUM (as of December 31, 2021) stood at approximately Rs 2,85,800 crore. The company's distribution network covers more than 280 locations. Of these, over 80 per cent are in B-30 (beyond the top 30) cities. Our rating of the company was based on the following: Out of the 11 business metric