Nippon India Life Asset Management posts 36% yoy rise in PAT for Q3; stock up 2%

Nippon India Life Asset Management posts 36% yoy rise in PAT for Q3; stock up 2%

Nippon Life India Asset Management Ltd. (formerly Reliance Nippon India Asset Management) reported its Q3FY20 net profit at Rs149cr, up 36% yoy. However, revenue declined from Rs388.05cr in Q3FY19 to Rs341.91cr in Q3FY20.
Business Highlights:
  • As on Dec 31, 2019, company assets under management was Rs3,10,100cr ($43.5 billion)
  • Post transaction witnessed reversal in AUM growth after four quarters of decline, MF assets under management (QAAUM) at Rs2,04,370cr ($ 28.6 billion)
  • One of the largest Retail Assets in the Industry at Rs54,630cr ($ 7.7 billion) and contributes 26% to mutual fund AUM
  • ~33 lakh SIP folios, with annualised book of over Rs10,000cr ($1.4 billion) as on Dec 2019.
  • Individual AUM at Rs1,10,232 ($15.5 billion) and contributes 53% to Mutual Fund AUM.
  • As on Dec 2019, NIMF has ~89 lakh investor folios.
  • One of the largest ETF players with ~16% market share (in terms of QAAUM).
“Post rebranding, overall feedback from our customers and distributors has been very positive. This is also reflected in our AUM inflows, we have seen return of several leading Corporates, SME’s and HNI’s. We will continue to capitalise on our strong distribution network and make inroads into smaller cities and towns to attract more investments from retail investors for our future growth and part of our profitable growth strategy.”, said Mr. Sundeep Sikka, ED & CEO, Nippon Life India Asset Management Limited.

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