Nippon Life India Q3 Review -  Other Income Surprised Again: Centrum Broking 
The Nippon Life Insurance Co. headquarters stands in Tokyo, Japan )Photographer Tomohiro Ohsumi/Bloomberg)

Nippon Life India Q3 Review - Other Income Surprised Again: 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 Company Ltd.’s earnings were a beat led by other income.

Core operating profit rose by 8.0% QoQ as revenue improved driven by a 6.3% QoQ rise in quarterly average asset under management. Other income was higher at Rs 1304 million, largely led by mark-to-market on equity investments.

Leveraging on the Nippon brand, lost market share has been regained in debt and liquid funds and it has added an average 260 plus institutional customers since March 2020.

Yields are likely to moderate in equity by 2-3 basis points while current debt yields are lower inflow in short term funds.

Click on the attachment to read the full report:

Centrum Nippon Life India Asset Management - Q3FY21 Result Update .pdf

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