Nippon Life India AMC - Well Established Franchise; High On Optionalities: ICICI Securities Initiates Coverage
Headquarters of Nippon Life Insurance in Osaka, Japan. (Photographer: Tomohiro Ohsumi/Bloomberg)

Nippon Life India AMC - Well Established Franchise; High On Optionalities: ICICI Securities Initiates Coverage

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 Securities Report

Nippon Life India Asset Management Ltd. is the sixth-largest AMC in India with aggregate/equity market share of 7.2%/7.1% basis points respectively as at nine months FY21.

With a strong promoter (Nippon Life Insurance), well established brand, large distribution network and healthy AUM market share, Nippon Life can clock approximately 10% Ebitda (excluding-other income) compound annual growth rate over FY20-23E along with health ~22% return on equity.

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ICICI Securities Nippon AMC IC.pdf

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