Aditya Birla Sun Life AMC Q4 Results Review - Equity Business Continues To Improve: Yes Securities

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Overall revenue yield has remained broadly flattish and there have been no period end adjustments:Overall revenue yield has been supported by higher share of equity in assets under management. Aditya Birla Sun Life AMC Ltd.'s management hopes to maintain overall margin coming from equity and fixed income together. For the quarter, there has been a slight drop in equity yield due to telescoping pricing. There could be an improvement in debt yield going forward due to rise in share of longer-duration funds..The equity business has continued to display an improving trend:Redemptions have declined in the March quarter and, as a result, the March quarter has seen positive net equity sales. Flows have been healthy in a thematic fund, flexicap fund and pure value fund. The equity AUM market share stood at 4.9%. Flow market share is less than stock (book) market share and there has been a 10 basis points decline in market share..We maintain ‘Neutral’ rating on Aditya Birla Sun Life with a revised price target of Rs 600:We value Aditya Birla Sun Life AMC at 18.5 times FY26 price earning, at which the stock would trade at an FY26 price booking of 4.1 times..Click on the attachment to read the full report:.Indian Rupee Holds Title Of Best Asian Currency So Far In 2024.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Aditya Birla Sun Life AMC Q4 Results Review - Equity Business Continues To Improve: Yes Securities

Yield remains stable while net equity sales are positive.

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Aditya Birla Sun Life AMC Q4 Results Review - Equity Business Continues To Improve: Yes Securities

Yield remains stable while net equity sales are positive.

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