Aditya Birla Sun Life Asset Management Company (AMC) reported a 18 per cent cent year-on-year decline in net profit in the fourth quarter (Q4) of 2025-26 (FY26). The AMC recorded a net profit of ₹187 crore for the March quarter. The net profit for FY26 was up 5 per cent at ₹975 crore. The decline in Q4 profit was largely a result of ₹33 crore loss in other income compared to gains of ₹84 crore in the same period of FY25. The company has proposed a dividend of ₹25.5 per share.
Invesco MF launches first equity index funds
Invesco Mutual Fund (MF) on Thursday announced the launch of Invesco India BSE Sensex Index Fund and Invesco India Nifty Bank Index Fund. These are the first equity index funds from the fund house which so far had only limited passive portfolio, largely comprising ETFs and fund of funds. “The index funds are designed to offer investors transparent, cost-efficient access to India’s long-term growth opportunities through passive investing,” it said.
Nippon AMC to pay ₹96.4 cr to settle Yes Bank case
Nippon Life India Asset Management will pay ₹96.46 crore ($10.25 million) to settle charges it offered its customers high-risk Yes Bank bonds and in return the lender extended loans to companies backed by the unit’s previous owner, industrialist Anil Ambani, according to the letter from the Securities and Exchange Board of India to Nippon India dated April 15. The settlement stipulates 93 per cent of the settlement will go to Nippon India’s investors that lost money, a rare condition in regulatory settlement offers, which typically require companies to deposit the penalties with the Indian government.
First Published: Apr 23 2026 | 11:41 PM IST
