Sundaram Finance’s Mutual Fund, Insurance Subsidiaries Shows Impressive Performance In Fiscal Year 2018 Sundaram Finance’s subsidiaries in the businesses of general insurance and mutual fund shows tremendous performance in the FY2018, even though the company’s home finance business was put under pressure. The company’s mutual fund house, Sundaram Asset Management Company, announced a PAT (profit after tax) of 38.24 crore Rupees, in comparison with 30.73 crore Rupees in the FY2017. The average AUM (assets under management) amount of the fund house was 34,306 crore Rupees in 2017-2018, and 28,260 crore Rupees in 2016-2017. The company suggested a dividend of 40 percent with 4 Rupees per share, based on the recent annual report of Sundaram Finance, the leading non-banking finance company (NBFC). Sundaram Finance’s Mutual Fund schemes deployed a sum of 22,915 crore Rupees, excluding liquid schemes, in the Fiscal Year 2018. This value shows an increase of 42 percent when compared to a sum of 16,115 crore Rupees in the Fiscal Year 2017. Sundaram Mutual Fund introduced 16 close-ended schemes, most of which had fabulous performance during 2017-18. The close-ended schemes deployed about 1,374 crore Rupees during the year. The leading NBFC had a business of 34,164 crore Rupees and market share of 1.49 percent, for the year ended March 31, 2018. The company’s non-life insurance house, Royal Sundaram General Insurance, posted a PAT of 83 crore Rupees in FY18, which is almost double the value of 43 crore Rupees in FY17. The Royal Sundaram General Insurance’s GWP (Gross Written Premium) improved about 20 percent at 2,643 crore Rupees from 2,205 crore Rupees. Sundaram BNP Paribas Home Finance, the Sundaram Finance’s housing finance subsidiary, posted a PAT of 136 crore Rupees in FY 2018, and 154 crore Rupees in FY17. Gross income of the Sundaram BNP Paribas Home Finance was 898.08 crore Rupees in FY18, which is less in comparison to 922.85 crore Rupees in the previous fiscal year. The Fiscal Year 2018 turned to be a strong year for Sundaram Finance’s Mutual Fund and General Insurance businesses, and the company expects impressive performance in FY19, reported The HINDU Business Line. The post Sundaram Finance’s Mutual Fund, Insurance Subsidiaries Shows Impressive Performance In Fiscal Year 2018 appeared first on OWLT Market.

Sundaram Finance’s subsidiaries in the businesses of general insurance and mutual fund shows tremendous performance in the FY2018, even though the company’s home finance business was put under pressure.

The company’s mutual fund house, Sundaram Asset Management Company, announced a PAT (profit after tax) of 38.24 crore Rupees, in comparison with 30.73 crore Rupees in the FY2017. The average AUM (assets under management) amount of the fund house was 34,306 crore Rupees in 2017-2018, and 28,260 crore Rupees in 2016-2017.

The company suggested a dividend of 40 percent with 4 Rupees per share, based on the recent annual report of Sundaram Finance, the leading non-banking finance company (NBFC).

Sundaram Finance’s Mutual Fund schemes deployed a sum of 22,915 crore Rupees, excluding liquid schemes, in the Fiscal Year 2018. This value shows an increase of 42 percent when compared to a sum of 16,115 crore Rupees in the Fiscal Year 2017.

Sundaram Mutual Fund introduced 16 close-ended schemes, most of which had fabulous performance during 2017-18. The close-ended schemes deployed about 1,374 crore Rupees during the year.

The leading NBFC had a business of 34,164 crore Rupees and market share of 1.49 percent, for the year ended March 31, 2018.

The company’s non-life insurance house, Royal Sundaram General Insurance, posted a PAT of 83 crore Rupees in FY18, which is almost double the value of 43 crore Rupees in FY17.

The Royal Sundaram General Insurance’s GWP (Gross Written Premium) improved about 20 percent at 2,643 crore Rupees from 2,205 crore Rupees.

Sundaram BNP Paribas Home Finance, the Sundaram Finance’s housing finance subsidiary, posted a PAT of 136 crore Rupees in FY 2018, and 154 crore Rupees in FY17. Gross income of the Sundaram BNP Paribas Home Finance was 898.08 crore Rupees in FY18, which is less in comparison to 922.85 crore Rupees in the previous fiscal year.

The Fiscal Year 2018 turned to be a strong year for Sundaram Finance’s Mutual Fund and General Insurance businesses, and the company expects impressive performance in FY19, reported The HINDU Business Line.

The post Sundaram Finance’s Mutual Fund, Insurance Subsidiaries Shows Impressive Performance In Fiscal Year 2018 appeared first on OWLT Market.

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