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.
Nirmal Bang Report
Nippon Life India Asset Management Ltd. has reported revenue in line with expectations at Rs 2,587 million, down 14% YoY and up 11% QoQ.
Fixed income yields declined due to investors shifting towards safer shorter duration funds from longer duration funds and credit risk funds.
Equity yields were stable QoQ at 90-95 basis points. Mutual fund quarterly average assets under management was down 2.5% YoY but up 11% QoQ.
Portfolio Management Service and Separately Managed Account AUM was down 48% YoY and 2% QoQ. Opex control was better than expected.
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