Quarterly Average AUM (Mutual Fund)
₹4.36 lakh cr
+14% YoY
Overall mutual fund AUM grew 14% year-on-year to ₹4.36 lakh crore.
ADITYABIRLASUNLIFEAMC
Healthcare
2026-04-??
Aditya Birla Sun Life Amc Ltd — Q4 FY26
Aditya Birla Sun Life AMC reported Q4 FY26 revenue of ₹458 crore (+6.8% YoY), but EBITDA fell to ₹222 crore (-4.7% YoY) and PAT dropped to ₹181 crore (-20.6% YoY) due to mark-to-market losses on other income.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Aditya Birla Sun Life AMC reported Q4 FY26 revenue of ₹458 crore (+6.8% YoY), but EBITDA fell to ₹222 crore (-4.7% YoY) and PAT dropped to ₹181 crore (-20.6% YoY) due to mark-to-market losses on other income. The mutual fund quarterly average AUM grew 14% YoY to ₹4.36 lakh crore, with equity AUM up 17% to ₹1.90 lakh crore. SIP book stood at ₹76 crore, and new SIP registrations rose 16% QoQ to ~6 lakh. The company won an EPFO equity mandate and is expanding its GIFT City subsidiary. Management expects the regulatory impact from the 5 bps total expense ratio cut to be largely neutral through cost optimization. Key risk: sustained market volatility could pressure AUM growth and flows.
Key Numbers
Equity AUM (Quarterly Average)
₹1.90 lakh cr
+17% YoY
Equity mutual fund quarterly average AUM increased 17% year-on-year.
SIP Book
₹76 cr
-13% QoQ
SIP book declined from ₹87 crore in Q3 to ₹76 crore in Q4, partly due to cancellations.
New SIP Registrations (Quarter)
6.71 lakh
+16% QoQ
New SIP registrations rose 16% quarter-on-quarter to 6.71 lakh.
Management Guidance
Regulatory impact neutralization
Management expects to offset the 5 bps total expense ratio cut through cost optimization and distributor commission adjustments, aiming for a neutral impact on profitability.
Management guidance marginsESOP expense increase of ₹8-10 crore per quarter
Employee stock option expenses will increase by approximately ₹8-10 crore per quarter in FY27 due to a new employee scheme launched in Q4.
Management guidance otherLaunch of ABSL Global Emerging Market Fund via GIFT City
Plans to launch an open-ended global emerging market fund through the GIFT City subsidiary, targeting offshore investors.
Management guidance expansionKey Risks
Market volatility impacting AUM and flows
Persistent equity market volatility and FII outflows could pressure AUM growth and lead to higher SIP cancellations, as seen in Q4.
high · management_commentaryRegulatory impact on margins
The 5 bps total expense ratio cut effective April 2026 could compress margins if cost optimization measures fall short.
medium · analyst_questionSIP cancellation rate increase
SIP cancellations rose during the volatile quarter, and if sustained, could slow AUM growth despite strong new registrations.
medium · data_observationNotable Quotes
We will try and do the structures in such a manner that it does have least impact as far as the P&L concerns.
Our ambition on SIP is to reach every household in India making holistic SIP as a reality.
The number will be much higher than what you're indicating.
Frequently Asked Questions
What was Aditya Birla Sun's revenue in Q4 FY26?
Aditya Birla Sun reported revenue of ₹458 Cr in Q4 FY26, representing a +6.8% change compared to the same quarter last year.
What guidance did Aditya Birla Sun management give for FY27?
Regulatory impact neutralization: Management expects to offset the 5 bps total expense ratio cut through cost optimization and distributor commission adjustments, aiming for a neutral impact on profitability. ESOP expense increase of ₹8-10 crore per quarter: Employee stock option expenses will increase by approximately ₹8-10 crore per quarter in FY27 due to a new employee scheme launched in Q4. Launch of ABSL Global Emerging Market Fund via GIFT City: Plans to launch an open-ended global emerging market fund through the GIFT City subsidiary, targeting offshore investors.
What are the key risks for Aditya Birla Sun in FY27?
Key risks include Market volatility impacting AUM and flows — Persistent equity market volatility and FII outflows could pressure AUM growth and lead to higher SIP cancellations, as seen in Q4.; Regulatory impact on margins — The 5 bps total expense ratio cut effective April 2026 could compress margins if cost optimization measures fall short.; SIP cancellation rate increase — SIP cancellations rose during the volatile quarter, and if sustained, could slow AUM growth despite strong new registrations..
Did Aditya Birla Sun meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Aditya Birla Sun Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.