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.
Yes Securities Report
Nippon Life India Asset Management Ltd.'s revenue from operations at Rs 3279 million was up 8.5%/26.8% QoQ/YoY, somewhat lagging the growth of quarterly average assets under management at 10%/33% QoQ/YoY.
Share of equity in AUM (including hybrid funds) at 43% was up 200 basis points QoQ and 400 bps YoY (calculated on rounded off figures).
Share of B-30 in AUM at 18% was down 110 bps QoQ and 30 bps YoY. Share of mutual fund distributors, banks and NDs was 57%, 22% and 21%, respectively in overall AUM.
Operating profit margin for the quarter, at 59.0%, was up 28 bps QoQ and 625 bps YoY.
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