Transcript of Earnings Conference Call on Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026.

Ref. No.: ABSLAMCL/PS/101/2026-27 October 27, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street Mumbai - 400 001 Plot No. C/1, G Block, Scrip Code: 543374 Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Symbol: ABSLAMC Dear Sir/ Ma’am, Sub: Transcript of the Earnings Conference Call for the quarter and half year ended September 30, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the Earnings Conference Call on Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026, held on Wednesday, October 21, 2026. The above information is also available on the website of Company at https://mutualfund.adityabirlacapital.com/shareholders/financials. We request you to kindly take the aforesaid information on record. Thanking you. Yours sincerely, For Aditya Birla Sun Life AMC Limited Prateek Savla Company Secretary and Compliance Officer ACS 29500 Encl: as above “Aditya Birla Sun Life AMC Limited Q2 & H1 FY27 Earnings Conference Call” Wednesday, 21st October 2026 MANAGEMENT TEAMS: • MR. A BALASUBRAMANIAN – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – ABSLAMC LIMITED • MR. PRADEEP SHARMA – CHIEF FINANCIAL OFFICER – ABSLAMC LIMITED • MR. PARITOSH CHITTORA – HEAD OF INVESTOR RELATIONS – ABSLAMC LIMITED Page 1 of 18 Aditya Birla Sun Life AMC Limited Wednesday, 21st October 2026 Moderator: Ladies and gentlemen, good day and welcome to Aditya Birla Sun Life AMC Q2 & H1 FY27 Earnings Conference Call hosted by Motilal Oswal Financial Services Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing “*”, then “0” on your touchtone phone. I now hand the conference over to Mr. Prayesh Jain from Motilal Oswal Financial Services Limited. Thank you and over to you, sir. Prayesh Jain: Thank you, Rutuja. Good evening, everyone. On behalf of Motilal Oswal, I welcome you all to the Aditya Birla Sun Life Asset Management Company Limited Q2 & H1FY27 earnings conference call. We have with us Mr. A. Balasubramanian, Managing Director and CEO; Mr. Pradeep Sharma, Chief Financial Officer; and Mr. Paritosh Chittora, Head Investor Relations. We're thankful to the management for allowing us to host this call. I would now like to hand it over to Mr. A. Balasubramanian for the opening remarks. Over to you, sir. A. Balasubramanian: Thank you for hosting us and good evening everyone. Thank you for joining us on the Q2 & H1FY27 investors call. I hope you all had the opportunity to read through our earnings presentation which is available on both the stock exchanges and our company's website. Let me begin by sharing our perspective on the current macroeconomic environment. The global economy, as you know, demonstrated remarkable resilience in Q2 FY27. Growth sustained its momentum despite a challenging external environment. The prolonged geopolitical conflicts and inflationary pressures and El Niño and potential asset price corrections remain areas to watch, but the global growth outlook remains constructive. And India continues to stand out as one of the fastest-growing major economies powered by robust private consumption, resilient service sectors, and strong fixed-income and fixed investment alongside a positive contribution from net exports, and growth momentum in the first half of the year came in well ahead of expectations. Government infrastructure spending and private capex and robust credit flows are sustaining investments. The IMF has revised its FY27 growth forecast for India from 6.4% to 7%, and the RBI revised its outlook upwards to 7.1%, a reflection of confidence in the economic underlying strength. Economic activity has held firm even as we keep a close watch on the southwest monsoon and its implications for the upcoming Rabi season. In its October policy, the RBI raised the repo rate by 25 basis points to 5.5% and signaled a more cautious stance on inflation while reaffirming confidence in the growth trajectory. India's external position has been supported by healthy capital flows including NRI deposits, FCNR(B) balances, and forex reserves over US$ 730 billion. These strengthen our external sector resilience and provide a cushion in times of global uncertainty and related currency volatility. Moving to Indian markets, the quarter was marked by volatility amid elevated crude prices, high global bond yields, a weaker rupee, and shifting interest rate expectations. While large-cap indices corrected, the broader market held up relatively well reflecting confidence in Page 2 of 18 Aditya Birla Sun Life AMC Limited Wednesday, 21st October 2026 India's long-term growth story. Steady domestic participation through SIPs and continued financialization of household savings helped cushion the volatility and underscored the structural strength of India's capital market. A busy primary market reflected strong appetite among issuers and investors for capital formation, and looking ahead, near-term volatility may persist but earning growth and domestic investor base continue to provide a strong foundation for the longer-term outlook. Coming to an update on the Mutual Fund Industry, the quarterly average AUM stood at ₹87.21 lakh crores as on 30th September 2026 compared to ₹77.13 lakh crores as of the same period last year, registering year-on-year growth of about 13%. The SIP contribution for the industry stood at ₹32,490 crores for September 2026, representing year-on-year growth of 11%. The total mutual fund folios stood at 30 crores as on September 2026, growing by 17% year-on-year. During Q2 FY27, the industry saw total NFO collection of approximately ₹11,504 crores across asset classes with equity collection driven by index, aggressive hybrid, and value funds. Despite market volatility, the industry continued to witness healthy net inflows into equity- oriented schemes reflecting investors' growing preferences for disciplined long-term investing. SIP flows remained resilient and retail participation stayed strong. Investor preferences continued to shift towards mid-cap, small-cap, and flexi-cap funds, a sign of confidence in India's long-term growth prospects and our participation broadening across market segments. Individual average AUM for September 2026 stood at ₹ 53.24 lakh crores contributing around 61% of the total AUM. B30 cities with an average AUM of ₹16.37 lakh crores accounted for 18.8% of total AUM, growing by 13% year-on-year. Deepening our reach in B30 is a strategic priority for us as this is where India's next chapter of wealth creation will come from. We are building our distribution network, digital capabilities, and investor engagement in these markets to be well placed to capture the opportunities ahead. Coming to the ABSLAMC performance highlights. At ABSLAMC, we are pleased to share that our overall average AUM, including alternate assets, which is EPFO mandate, crossed ₹11 lakh crores milestones this quarter, and now stands at ₹11.06 lakh crores, a growth of 140% year-on-year. This includes mandated money from ESIC and EPFO. Our mutual fund quarterly average AUM stood at ₹4.42 lakh crores, up by 4% year-on-year, and within this, our equity mutual fund quarterly average AUM stood at approximately ₹2.09 lakh crores, growing by 9% year-on-year. Our equity mix for the quarter stood at 47.4%. Our SIP contribution for September 2026 stood at ₹1,094 crores supported by 41.7 lakh folio contributing SIP accounts. Our total investors folio for September 2026 stood at 1.14 crores, up 6% year-on-year with the new SIP registration for the quarter at about 7.05 lakhs approximately. Our equity fund performance continues to be consistent. This has str [Showing first 8,000 characters — download PDF for full document]