'Multiple efforts have resulted in overall growth'

Focus on market segments and dwelling deep into them has augured well for us and investors, says A. Balasubramanian in a conversation with Narayan Krishnamurthy.

- Narayan Krishnamurthy

How was 2015-16 for Birla Sun Life AMC?

The year 2015-16 from business perspective was a good one. One, we had the highest growth in our asset management. We closed at all time high peak AUM of ₹1.36 lakh crore. Second, our equity portfolio too went up significantly. We had highest growth in equity assets under management. Third, of course we call it Hygiene. Specially the investment performance has been one of the best in last three years. Most of our schemes delivered top two quartile performances. So this was again great news. Apart from domestic assets, one of the areas we are stepping up our focus on is building alternate assets base. One through Portfolio Management Services (PMS) business in India and second is our offshore business through Singapore and Dubai units. In Singapore and Dubai, we achieved one of our highest AUM, almost about $3.6 billion size. The domestic PMS too, is worth ₹1,000 crore now, considering we started off from ₹300 crore. So it has been a good year despite some ups and downs especially from the stock market point of view but that did not come in our way of building business.

Would you call yourself very retail centric AMC in that sense?