BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
Nippon Life India Asset Management Ltd.'s Q1 FY22 earnings was marginally above our estimates at Rs 182 crore (estimates Rs 172 crore), up 16.4% /8.9% YoY/QoQ, largely on account of cost savings.
Opex has come down 8% QoQ and was flattish YoY. Revenues were up 29.7% YoY and 0.1% QoQ to Rs 302 crore led by the pick-up in the assets under management growth.
Mutual fund quarterly average assets under management was up 33.5% YoY and 5.2% QoQ to Rs 2,40,400 crore.
Nippon Life’s overall AUM market share rose to 7.25%, an increase of 13 basis points.
Equity/debt/liquid/exchange-traded fund mix stood at 41:30:12:17 in Q1 FY22 versus 38:29:19:14 a year ago.
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