Aditya Birla Capital

Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

CEO Quarterly Message-FY-24-Q4

Investor Message - FY24 Q4


As we embark on the new year, I extend my warm wishes for a very Happy and Prosperous 2024!

2023 has been a year etched in gold for our nation, a vibrant tapestry woven with countless threads of progress. The Indian economy has remained resilient in the face of global uncertainties, on the back of strong structural drivers, macro stability, strong domestic demand and responsible fiscal governance. This has been reflected in the robust growth of sectors like automobiles, engineering and infrastructure. The ‘Make in India’ initiative has gained impressive momentum, propelling us closer to our vision of Atmanirbhar Bharat. These cumulative advancements directly contribute to the booming stock market, attracting increasing participation from investors. We are optimistic that this trend will continue in 2024, fuelled by India's projected trajectory towards becoming a $5 trillion economy.

Over the last three years, we have seen an inflation led interest rate hike globally. It appears though that interest rates have peaked and there is a possibility of rate cuts in the second half of the year. As global growth remains muted, with commodity prices stabilising and the demand-supply dynamics normalising, it further supports the rate view. This in turn can lead to flow of funds in emerging markets and India could be a likely beneficiary given its positive growth forecast.

Holistic development, growth visibility and overall market buoyancy forms the landscape for the Mutual Fund industry. The SIP way of investing has become the cornerstone of wealth creation. The increasing popularity of SIPs, evident in the growth of book sizes, is a testament to their growing popularity in empowering investors to build wealth over the long term and inculcate financial discipline.


As we move into 2024, strategic asset allocation will remain key to navigating market movements. For those seeking growth and stability, Large-cap funds and Flexi-cap funds offer excellent opportunities. Those prioritizing diversification may find Multi-asset allocation funds to be an attractive choice, as they invest across equities, fixed income and commodities. First-time investors can consider hybrid funds like Balanced advantage funds for a suitable equity and fixed-income allocation. Remember, tailoring your investment timeline to your risk appetite and experience is crucial for success.

At ABSLAMC, we remain committed to delivering value to our investors, distributors and shareholders. We are confident that the Indian economy presents endless opportunities for growth and wealth creation. By diversifying your portfolio, investing for the long term and choosing the right investment vehicles, you can capitalize on these avenues.

Thank you for your continued trust and support. We look forward to embarking on this journey of shared success in 2024 and beyond.



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Regards,
A. Balasubramanian