Aditya Birla Money Mart Limited
Aditya Birla Money Mart Limited (formerly Birla Sun Life Distribution Company Limited) is a wholly-owned subsidiary of Aditya Birla Nuvo. Earlier it was established as a joint venture between Aditya Birla Nuvo and Sun Life Financial. In March 2009, Nuvo purchased the remaining 50.001 per cent stake from its joint venture partner. In February 2010, the company has been renamed as Aditya Birla Money Mart Limited (ABMML), reflecting the ownership of the parent group.
Ranked among the top players in this segment, ABMML is driven by knowledge, expertise and experience. ABMML offers wealth management, financial planning and investment solutions, mainly through a range of products like mutual funds, insurance, PE funds, alternate investments, select fixed deposits and IPOs and structured products, under the brand name Aditya Birla Money. The company provides life insurance products of Birla Sun Life Insurance, sourced through its wholly-owned subsidiary BSDL Insurance Advisory Services Limited (BSDLIAS).
The company caters to the corporate and institutional segment, the wealth management segment, the B2C segment and channel business. With a direct presence through its own branches (347) and additional reach through its network of business associates (7,000) across more than 100 centres, ABMML has a trusted investor base of over 260,000.