Nippon Life India Asset Management Ltd Share Price – NSE  / BSE

Finance, Small Cap

Nippon Life India Asset Management (NAM India), asset manager of Nippon India Mutual Fund (NIMF), announces the launch of Nippon India Active Momentum Fund an open-ended equity scheme that aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments.

Nippon India Active Momentum Fund will employ a multi factor quantitative model aimed at identifying high-potential investment opportunities for long-term capital appreciation while managing volatility and adapting to market cycles.

The fund strategy attempts to benefit from blend of market wisdom (Price Momentum) while respecting expert opinion (Earnings revisions) or in other words it attempts to have a fusion of technical (Price Momentum) & fundamental (Earnings Revision) factors. Further the fund may employ additional factors like Minimum Volatility and Beta which can potentially help in reducing the portfolio risk during downtrends and better upside capture during market uptrends.

The NFO opens on 10 February 2025, and closes on 24 February 2025.

Speaking at the launch, Saugata Chatterjee, Chief Business Officer, Nippon India Mutual Fund said, The Nippon India Active Momentum Fund brings a differentiated offering to the market by harnessing the alpha potential of momentum along with risk mitigation factors to reduce the volatility and improve the investment experience. This strategic blend attempts to ensure that investors are riding high-quality momentum with reduced risk. As an asset manager it's our constant endeavour to provide investors with differentiated product strategies which can be considered by investors as per their risk appetite and investment goals.

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On a consolidated basis, Nippon Life India Asset Management's net profit slipped 17.97% to Rs 295.36 crore in Q3 FY25 as against Rs 360.10 crore in Q2 FY25. Total income fell 12.83% to Rs 603.3 crore in Q3FY25 over Q2FY25. PBT fell 19.41% to Rs 391.71 crore in Q3FY25 over Q2FY25.

On a year-on-year basis, the company's consolidated net profit rose 3.90% while total income advanced 13.74% in Q3 FY25. PBT climbed 9.40% YoY. Core operating profit stood at Rs 376.3 crore in Q3 FY25, up 49.92% YoY.

Total expenses jumped 22.77% to Rs 211.59 crore in Q3 FY25, compared with Rs 172.34 crore in Q3 FY24.

As on 31 December 2024, NAM India’s assets under management stood at Rs 6.56 lakh crore ($76.7 billion). NIMF's average assets under management stood at Rs 5.70 lakh crore ($66.6 billion), up 51% YoY in Q3 FY25.

During the quarter, share of equity assets rose to 51.1% of NIMF’s AUM as against 48.6% as on 31 December 2023.

NIMF has one of the largest retail assets in the industry, at Rs 1.78 lakh crore (US$ 20.7 billion). Retail assets contributed 31% to NIMF’s AUM vs. industry average of 27%.

High Networth Individual (HNI) AUM at Rs 1.69 lakh crore (US$ 19.8 billion), up 50% YoY & market share growth of 58 bps YoY.

NIMF is one of the largest ETF players with an AUM of Rs 1.50 lakh crore (US$ 17.5 billion) and a market share of 18.14%. Nippon India AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of Rs 6,980 crore (US$ 815 million) across various schemes.

Sundeep Sikka, ED & CEO, NAM India, said, We witnessed a continued increase in overall market share, with key positives being net sales and SIP market share remaining above equity market share, as well as an increase in SIP flows despite adverse market movements. We are humbled to have the trust of 20.0 million unique investors, i.e., over 1 in every 3 mutual fund investors—the highest in the industry.”

Nippon Life India Asset Management (NAM India) is the asset manager of Nippon India Mutual Fund (NIMF). Nippon Life Insurance Company is the promoter of NAM India and currently holds as 72.43% (As on December 31, 2024) ​​ ​of its total issued and paid-up equity share capital.

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Net profit of Nippon Life India Asset Management rose 3.90% to Rs 295.36 crore in the quarter ended December 2024 as against Rs 284.27 crore during the previous quarter ended December 2023. Sales rose 38.88% to Rs 587.89 crore in the quarter ended December 2024 as against Rs 423.32 crore during the previous quarter ended December 2023.

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Nippon Life India Asset Mgt. will hold a meeting of the Board of Directors of the Company on 23 January 2025.

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