Aditya Birla Capital

Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

CEO Quarterly Message-FY 24 Q3

Investor Message - FY24 Q3


Dear Investor,


My quarterly message is an attempt to simplify for you the current events and developments in our markets and economy, insights that can help you stay well informed. In this update, I share my thoughts on some of the key developments of the quarter, India's interest rate landscape and share key takeaways on how to position one's portfolio as an investor.

The Indian economy has remained resilient amid global uncertainties and the country's strong structural drivers are expected to keep sentiments upbeat. This has been reflected in the performance of equity markets with Nifty 50 hitting the significant 20,000 mark in September this year and even other broader market indices scaling new highs. India recently hosted the G20 Summit and it was a reflection of its stature on the world stage and its growing importance as a country of varied opportunities. The festive season has started in full swing and on a cheerful note. This factor is poised to drive higher consumption in India and uphold a strong positive sentiment in the market.


Overall, I expect market optimism to continue. I am seeing significant progress being made in some essential sectors of the economy such as infrastructure, power, logistics, real estate and others. The benefits of this are clearly visible in other sectors within the domestic economy. Furthermore, I expect the RBI to maintain a neutral stance on the interest rate environment in India which should keep the momentum sustained.

Irrespective of where in the market cycle we are, asset allocation is the ideal way to build a mutual fund portfolio. There are various solutions available to investors to achieve this. Based on your goals, risk appetite and investment tenure you can consider investing in diversified equity funds along with hybrid funds such as the balanced advantage category that provides exposure to both equity and debt. Then there is the multi asset allocation category that facilitates investment in multiple asset classes such as equity, debt and gold.



I wish you and your family good cheer, happiness and prosperity in this festive season.

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Regards,
A. Balasubramanian