Aditya Birla Sun Life AMC ends lower after underperforming peers in September

Shares of Aditya Birla Sun Life AMC ended nearly 5 percent lower on Friday after the company underperformed its peers in the September quarter.

The asset manager's Quarterly Average Assets Under Management (QAAUM) increased 0.4 percent sequentially in the September quarter. When compared to peers, their QAAUM grew between 2 percent to 8 percent during the quarter. In absolute terms, Aditya Birla Sun Life AMC's QAAUM stood at Rs 2.93 lakh crore.

Equity QAAUM during the quarter increased 2 percent to Rs 1.19 lakh crore.