Aditya Birla Sun Life AMC (ABSLAMC) has received approval from International Financial Services Centres Authority (IFSCA) on November 28, 2022 to act as ‘Registered Fund Management Entity (Non-Retail)’ and carry out Alternative Investment Fund (AIF) and Portfolio Management Services (PMS) through a branch office in International Financial Services Centre (IFSC) in India.
The company’s move to set up a new unit at the Gujarat International Finance Tec-City (GIFT City) is a strategic step towards growth of its international business, to expand its reach and service global clients, including NRIs for investing in India.
Aditya Birla Sun Life Asset Management Company was established in 1994 and is a joint venture between Aditya Birla Group and Sun Life Financial Services of Canada. The company has one of the largest team of research analyst in the industry.
