Aditya Birla Sun Life AMC, one of India’s leading asset management companies, has successfully garnered a commitment of 893 crore for its India Equity Services Fund. The fund, categorized as a close-ended Category III Alternate Investment Fund, was launched on October 2022, and closed on June 2023.

The primary objective of the fund is to invest in companies that are poised to benefit from the catalysts and secular growth in the services sector, focusing on businesses with strong service-driven models. Leveraging in-house research capabilities, the fund aims to identify and invest in leading companies within the service sector.

As of June 21, the fund has already deployed 504 crore across approximately 30 companies that demonstrate a service-driven business strategy. The fund’s top sectoral bets include financial services, information technology, energy, services, FMCG, and healthcare. By constructing and maintaining a high-quality multi-cap portfolio, the fund aims to substantially reduce downside risk for investors.

A Balasubramanian, Managing Director of Aditya Birla Sun Life AMC, emphasized the significance of the services sector as the core growth engine of the economy. He stated, “This fund serves as a platform for investors to become a part of the growth story, as the services sector continues to thrive in India.”