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Nippon AMC Q1FY22 Earning Call Highlights

Nippon AMC Q1FY22 Earning Call Highlights

Published on 24 August 2021 Views 40 Comments 0

Financial Highlights

  • 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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