Nippon Life India Asset Management has reported that its net profit in the March quarter was down 13 per cent at ₹299 crore against ₹343 crore logged in the same period last year largely on higher cost.
Revenue was up 21 per cent at ₹567 crore (₹468 crore) while other income was down 75 per cent at ₹23 crore (₹92 crore).
The company has announced a dividend of ₹10 per equity shares and the record date will be July 4. Overall expenses were up 14 per cent at ₹212 crore (₹186 crore). Tax outgo was higher at ₹79 crore (₹31 crore).
The quarterly average AUM was up 29 per cent in March quarter at ₹5.57 lakh crore against ₹4.31 lakh crore in the same period last year. However, it was down two per cent when compared to December quarter.
NIMF has retail assets of ₹1.64 lakh crore accounting for 29 per cent to its asset. The fund house SIP inflow was up 39 per cent ₹9,720 crore while sequentially it was down two per cent in line with the industry trend.
Sundeep Sikka, ED & CEO, NAM India said SIP flows remained robust despite adverse market movements while the fund house has the trust of 20.8 million unique investors accounting for a market share of 38 per cent.
Published on April 28, 2025
