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Aditya Birla Sun Life Mutual Fund plans focus on Odisha




 Aditya Birla Sun Life AMC Ltd, a subsidiary of Aditya Birla Capital Limited, today said it plans to expand its market share in Odisha.

In terms of mutual fund investments, Odisha contributes 0.84 per cent share, which is around Rs 17,160.86 crore, to the overall industry size of Rs 20,42,165.57 crore in the country, A Balasubramanian, CEO, Aditya Birla Sun Life AMC said at a press conference here today.
"Given the potential of this market, there is immense scope to increase this contribution. We have seen good growth in the state," Balasubramanian told reporters.
"The company remains committed to take our products and services to a greater number of investors here," he said.
On trends within the region, Balasubramanian said, interest in equity mutual funds has been on the rise in Bhubaneswar and SIP has emerged as the preferred route to invest in equity.
The average ticket size in SIP has also increased. This not only shows the investor's orientation to long-term wealth creation, but also his inclination to participate in equity, he said.
 





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From asking his party men to ‘live a simple life and serve the people’ to taunting the BJP for its ‘crocodile tears’, Chief Minister and BJD supremo Naveen Patnaik has not only become politically invincible, he seems to be so in the coming years too.

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