Birla Sun Life Insurance crosses the landmark of Rs. 10,000 crore of AUM in April’09April 29th, 2009 - 3:48 pm ICT by Sampurn Wire
Registers 41% y-o-y growth and sets new benchmarks
Mumbai, April 29, 2009: Birla Sun Life Insurance, one of India’s leading life insurance companies, has set a new milestone, by crossing the landmark figure of Rs. 10,000 crore in Assets Under Management (AUM), as on April 24, 2009.
Commenting on the achievement, Mr. Vikram Kotak, Chief Investment Officer, Birla Sun Life Insurance, said, “It gives us great pleasure to cross the landmark of Rs. 10,000 crore of AUM, and in the process registering a strong growth of 41% year-on-year. This achievement is notable especially in the light of tough market conditions on the back of global financial turmoil.”
Mr, Kotak added, “Investment performance is a critical yardstick that any company’s performance is going to be measured this year by the stakeholders. We believe that our performance is a reflection of the faith our policy holders have entrusted in us. Our investment strategy has always focused on building a high quality portfolio by investing in companies that have strong management, strong financial performance, businesses scalability and prospect of future growth.” -Sampurn Media
Tags: april 24, april 29, assets under management, aum, benchmarks, chief investment officer, crore, financial performance, global financial turmoil, investment performance, investment strategy, landmark figure, life insurance companies, milestone, quality portfolio, scalability, stakeholders, sun life insurance, tough market, yardstick