Nippon Life India AMC - Good Quarter; Protection Of Market Share Key: Centrum Broking
The Nippon Life Insurance Co. headquarters stands in Osaka, Japan. (Photographer: Tomohiro Ohsumi/Bloomberg)

Nippon Life India AMC - Good Quarter; Protection Of Market Share Key: Centrum Broking

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.

Centrum Broking Report

Nippon Life India Asset Management Ltd.'s quarterly earnings were good on the operating level.

Revenue was better with higher yields led by improvement in equity share QoQ from 39% to 41%.

However, opex missed estimate due to higher other expenses driven by one-time costs related to digital and IT infrastructure.

The company is gaining its lost market share in debt and liquid funds and it added 350 institutional customers in FY21.

Yields are likely to moderate in the near term as assets under management increases.

FY21 market share dropped in systematic investment plan/AuM, though it could improve due to its pan-India distribution with a focus on retail.

This remains a monitorable.

Click on the attachment to read the full report:

Centrum Broking Nippon Life India Asset Management - Q4FY21 Result Update .pdf

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