Nippon Life India AMC Q1 Review - Retail Participation Robust; Inflows Should Improve: ICICI Direct
The Nippon Life Insurance Co. headquarters stands in Osaka, Japan. (Photographer: Tomohiro Ohsumi/Bloomberg)

Nippon Life India AMC Q1 Review - Retail Participation Robust; Inflows Should Improve: ICICI Direct

Bookmark

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.

ICICI Direct Report

Nippon Life India Asset Management Ltd. posted steady quarter with marginal uptick in market share.

Assets under management growth of 33% YoY, 5% QoQ was led by 44% YoY and 5.2% QoQ rise in equity AUM while exchange-traded funds also increased 11.7% QoQ.

Other income declined 35% YoY to Rs 67 crore, mainly due to higher mark to market in base year.

Nippon Life's yields declined ~3 basis points QoQ to 50 basis points mainly on account of lower total expense ratio due to increase in fund size, higher flows into passive and short duration debt funds, which are low yielding.

Click on the attachment to read the full report:

ICICI Direct Nippon Life AMC Q1FY22 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.