Company reported a total income of Rs. 369 Cr, up 10% YoY and 2% QoQ
Operating Profit was Rs. 169 Cr, up 75% YoY and 7% QoQ
Profit after Tax was Rs. 182 Cr, up 16% YoY and 9% QoQ
Business Highlights
As on June quarter-end, Assets Under Management (AUM) of Nippon India Asset Management (NAM) was Rs.378,769 Cr
Mutual Fund Business – 64%
Non Mutual Fund Business – 34%
International Business – 2%
Overall AUM market share of mutual funds rose by 13 basis points to 7.25%
Nippon India Mutual Fund (NIMF) is one of the largest ETF players with 13% market share
NIMF’s average AUM rose by 33% to Rs.240,364 Cr in Jun-21
Share of equity assets rose from 37.8% in Q1 FY21 to 41.3% of NIMF’s AUM in Q1 FY22
Gold ETF is the biggest with more than Rs.6000 Cr AUM
Nippon India has one of the largest retail assets in the industry. It contribute to about 28% of NIMF’s AUM. HNI’s contribution is 22% and corporates’ contribution is 50%
As on Jun-21, NIMF has 1.1 Cr investors with an annualised SIP book of more than Rs.7,000 Cr.
Digital purchase transactions rose by 28% QoQ to 6 lakh. Digital channel contributed 58% to total new purchase transactions
Nippon India AIF (Alternate Investment Fund) which offers category 2 and category 3 AIFs has a total commitment of nearly Rs. 3,800 Cr.
Other Key Highlights
In May-20, Board decide to invest only in AA and above rated instruments. It has increased from 91.8% in Mar-20 to 99% in Jun-21
In Jun-21, Nippon Asset Management became a signatory to UN – PRI (United Nations Principles for Responsible Investment), world's largest voluntary corporate sustainability initiative. This recapitulates strong commitment towards ESG, carbon neutrality and responsible investment. With this, management is confident of regaining market position
Management is looking forward to launch new ESG integrated offerings
In collaboration with Cathay SITE in Taiwan, company has filed the Taiwan Equity Fund for regulatory approval
Company has ongoing tie ups with over 20 prominent digital partners
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