Aditya Birla Sun Life AMC Reports 18% Drop in Q4 Profit; Invesco Launches New Equity Index Funds
ABSL AMC Q4 profit down 18%; Invesco MF launches first equity index funds
Business Standard
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Aditya Birla Sun Life Asset Management Company (AMC) experienced an 18% decline in net profit for Q4 FY26, totaling ₹187 crore due to losses in other income. Meanwhile, Invesco Mutual Fund launched its first equity index funds, aiming to provide cost-effective investment options for investors.
- 01Aditya Birla Sun Life AMC's Q4 profit fell by 18% year-on-year.
- 02The company's net profit for FY26 increased by 5% to ₹975 crore.
- 03Invesco Mutual Fund launched its first equity index funds.
- 04Nippon Life India Asset Management agreed to pay ₹96.46 crore to settle Yes Bank case.
- 05The settlement will benefit investors who lost money due to high-risk bonds.
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Aditya Birla Sun Life Asset Management Company (AMC) reported an 18% year-on-year decline in net profit for the fourth quarter of FY26, amounting to ₹187 crore. This drop was primarily due to a ₹33 crore loss in other income, contrasting with gains of ₹84 crore in the same quarter of the previous year. However, the company's overall net profit for FY26 saw a 5% increase, reaching ₹975 crore. In response to its financial performance, Aditya Birla has proposed a dividend of ₹25.5 per share. In a separate development, Invesco Mutual Fund launched its first equity index funds, namely the Invesco India BSE Sensex Index Fund and the Invesco India Nifty Bank Index Fund, aimed at providing investors with transparent and cost-efficient access to India's growth opportunities. Additionally, Nippon Life India Asset Management will pay ₹96.46 crore ($10.25 million) to settle charges related to high-risk Yes Bank bonds, with 93% of the settlement amount allocated to affected investors, marking a significant condition in regulatory settlements.
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The decline in Aditya Birla Sun Life AMC's profits may affect investor confidence, while the launch of new index funds by Invesco could provide more investment options for retail investors.
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