Latest news with #NAMIndia
Time of India
2 days ago
- Business
- Time of India
Nippon Life India Asset Management Q1 Results: Profit rises 19% to Rs 396 crore
Synopsis Nippon Life India Asset Management (NAM India) announced a 19% increase in profit after tax, reaching Rs 396.1 crore in the June quarter, alongside a 20% rise in revenue from operations to Rs 606.6 crore. The company experienced strong equity net sales and SIP market share, managing an assets base of Rs 7.44 lakh crore.
News18
2 days ago
- Business
- News18
Nippon Life India Asset Management profit rises 19 pc to Rs 396 cr in Q1
New Delhi, Jul 28 (PTI) Nippon Life India Asset Management (NAM India) on Monday reported a 19 per cent rise in profit after tax (PAT) to Rs 396.1 crore in the June quarter. The company had posted a PAT of Rs 332.3 crore in the year-ago period. Its revenue from operations rose 20 per cent to Rs 606.6 crore in the quarter under review from Rs 505 crore in April-June period of FY25, NAM India said in a filing to the exchange. 'We witnessed double-digit equity net sales and SIP market share, with both remaining well above equity AUM market share. SIP flows remained robust and industry flows touched another all-time high in June 2025. We remain humbled to have the trust of 21.2 million unique investors i.e. over 1 in every 3 mutual fund investors — highest in the industry," Sundeep Sikka, ED & CEO, NAM India, said. NAM India, which is the asset manager of Nippon India Mutual Fund (NIMF), had an assets base of Rs 7.44 lakh crore at the end of the June quarter. NIMF's average assets under management were at Rs 6.13 lakh crore, an increase of 27 per cent year-on-year. Shares of NAM India settled 2.61 per cent lower at Rs 789 on the BSE. PTI SP TRB First Published: July 28, 2025, 16:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
21-07-2025
- Business
- Business Standard
BSE Midcap index in focus: L&T Fin, UPL at 52-week high, see stock strategy
Shares of midcap companies were in focus on Monday, with the BSE Midcap index outperforming the broader market in intra-day trade, driven by a rally of over 2 per cent in stocks such as L&T Finance, UPL, Jindal Stainless, Supreme Industries, and Ashok Leyland. As of 01:37 PM: BSE Midcap index, the top gainer among broader indices, was up 0.55 per cent, as compared to 0.38 per cent rise in the BSE Sensex and 0.09 per cent gain in the BSE Smallcap index. In the past month, BSE Midcap indeed has gained 3.3 per cent, as against a marginal 0.2 per cent rise in the BSE Sensex. However, the BSE Smallcap index has rallied 5 per cent during the period. Dalmia Bharat, Muthoot Finance, UPL, Vishal Mega Mart and L&T Finance from the BSE Midcap index have hit their respective 52-week highs in intra-day trade today. Stocks driving the rally Among the individual stocks, L&T Finance has surged 5 per cent to ₹212.75 after the non-banking finance company (NBFC) reported a steady performance in June 2025 quarter (Q1FY26) with visible recovery in rural portfolios. Business growth remained a tad slower, excluding acquired portfolio. Collection efficiency remained steady in rural finance, though management commentary is awaited on future trend, ICICI Securities said in a note. Shares of UPL hit a 52-week high of ₹712.75, soaring 4 per cent in intra-day trade. The stock price of pesticides & agrochemicals has rallied 12 per cent on a healthy business outlook. Looking ahead, domestic growth of crop protection market in FY26 is expected to gain momentum, driven by favourable monsoon forecasts, stable commodity prices, and robust sowing activity. On the export front, a recovery is projected in the second half of FY26, as international markets stabilise and inventory destocking by distribution channels nears completion. However, historically low realisations will continue to weigh on growth, preventing a return to the double-digit figures. This comes despite ongoing pricing pressures from oversupply in China, albeit less acute than last year. This trend is expected to persist, resulting in fewer inventory write-offs. Moreover, improved volumes should bolster the sector's profitability. Operating margins are also on a slow path to recovery. Controlled debt and a gradual rebound in operating profitability will help sustain stable debt-protection metrics over the near to medium term, UPL said in its FY25 annual report. Share price of Nippon Life India Asset Management (NAM India) was up 4 per cent to ₹871.1 in intra-day trade. In the past month, the stock has rallied 19 per cent. NAM India is a leading asset manager with a strong track record in India. The company provides a diverse range of investment products, including Mutual Funds, ETFs, Managed Accounts (including AIF and PMS), Offshore Business and GIFT City products, serving a wide base of investors. Given the low level of Mutual Fund penetration in India (only 4 per cent of India's population invests), there exists a vast growth opportunity going forward. This will be further amplified as India continues down its path to become the third largest economy in the world, which will see a gradual increase in Per Capita Income for the population (currently at only $2,500), NAM India said. Analysts at InCred Equities said they appreciate the overall healthy scheme-wise delivery by the industry, which, in turn, continues to attract equity asset under management (AUM). The brokerage firm believes the following key catalysts will continue to aid the inflow momentum - improving capital market sentiment and rising purchasing power, especially of the younger demographic segment, and falling interest rates. Healthy equity fund inflows are aiding the yield movement, and analysts expect overall yields to remain healthy in the medium term.
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Business Standard
21-07-2025
- Business
- Business Standard
BSE Midcap index outperforms; L&T Finance, Muthoot, UPL hit 52-week highs
Shares of midcap companies were in focus on Monday, with the BSE Midcap index outperforming the broader market in intra-day trade, driven by a rally of over 2 per cent in stocks such as L&T Finance, UPL, Jindal Stainless, Supreme Industries, and Ashok Leyland. As of 01:37 PM: BSE Midcap index, the top gainer among broader indices, was up 0.55 per cent, as compared to 0.38 per cent rise in the BSE Sensex and 0.09 per cent gain in the BSE Smallcap index. In the past month, BSE Midcap indeed has gained 3.3 per cent, as against a marginal 0.2 per cent rise in the BSE Sensex. However, the BSE Smallcap index has rallied 5 per cent during the period. Dalmia Bharat, Muthoot Finance, UPL, Vishal Mega Mart and L&T Finance from the BSE Midcap index have hit their respective 52-week highs in intra-day trade today. Stocks driving the rally Among the individual stocks, L&T Finance has surged 5 per cent to ₹212.75 after the non-banking finance company (NBFC) reported a steady performance in June 2025 quarter (Q1FY26) with visible recovery in rural portfolios. Business growth remained a tad slower, excluding acquired portfolio. Collection efficiency remained steady in rural finance, though management commentary is awaited on future trend, ICICI Securities said in a note. Shares of UPL hit a 52-week high of ₹712.75, soaring 4 per cent in intra-day trade. The stock price of pesticides & agrochemicals has rallied 12 per cent on a healthy business outlook. Looking ahead, domestic growth of crop protection market in FY26 is expected to gain momentum, driven by favourable monsoon forecasts, stable commodity prices, and robust sowing activity. On the export front, a recovery is projected in the second half of FY26, as international markets stabilise and inventory destocking by distribution channels nears completion. However, historically low realisations will continue to weigh on growth, preventing a return to the double-digit figures. This comes despite ongoing pricing pressures from oversupply in China, albeit less acute than last year. This trend is expected to persist, resulting in fewer inventory write-offs. Moreover, improved volumes should bolster the sector's profitability. Operating margins are also on a slow path to recovery. Controlled debt and a gradual rebound in operating profitability will help sustain stable debt-protection metrics over the near to medium term, UPL said in its FY25 annual report. Share price of Nippon Life India Asset Management (NAM India) was up 4 per cent to ₹871.1 in intra-day trade. In the past month, the stock has rallied 19 per cent. NAM India is a leading asset manager with a strong track record in India. The company provides a diverse range of investment products, including Mutual Funds, ETFs, Managed Accounts (including AIF and PMS), Offshore Business and GIFT City products, serving a wide base of investors. Given the low level of Mutual Fund penetration in India (only 4 per cent of India's population invests), there exists a vast growth opportunity going forward. This will be further amplified as India continues down its path to become the third largest economy in the world, which will see a gradual increase in Per Capita Income for the population (currently at only $2,500), NAM India said. Analysts at InCred Equities said they appreciate the overall healthy scheme-wise delivery by the industry, which, in turn, continues to attract equity asset under management (AUM). The brokerage firm believes the following key catalysts will continue to aid the inflow momentum - improving capital market sentiment and rising purchasing power, especially of the younger demographic segment, and falling interest rates. Healthy equity fund inflows are aiding the yield movement, and analysts expect overall yields to remain healthy in the medium term.
Entrepreneur
21-05-2025
- Business
- Entrepreneur
Nippon Life India AM Unveils Two New Passive Funds Targeting Emerging Large-Caps
Both funds aim to provide cost-effective, rules-based, and diversified exposure to India's next-tier large-cap companies—those ranked just beyond the top 30 BSE Sensex constituents. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Nippon Life India Asset Management Limited (NAM India), one of India's leading asset managers, has announced the launch of two innovative open-ended passive investment offerings: the Nippon India BSE Sensex Next 30 Index Fund and the Nippon India BSE Sensex Next 30 ETF. Both funds aim to provide cost-effective, rules-based, and diversified exposure to India's next-tier large-cap companies—those ranked just beyond the top 30 BSE Sensex constituents. These funds are built on the BSE Sensex Next 30 Index, a benchmark that spotlights 30 large-cap companies often overlooked in traditional large-cap portfolios. This segment presents a unique opportunity to invest in potential future blue-chip companies across 12 sectors. Arun Sundaresan, Head of ETFs at NAM India, stated, "The 'Nippon India BSE Sensex Next 30 ETF' and 'Nippon India BSE Sensex Next 30 Index Fund' are strategic additions to our passive product suite. These schemes provide access to a lesser-explored segment of large caps with strong potential through a low-cost, passive approach. As Indian equity markets evolve and broaden, these funds offer investors a unique avenue for diversification and long-term wealth creation." Key highlights of the Index Fund include exposure to under-represented large caps, sectoral diversification, and reduced non-systematic risk due to its rules-based structure. The ETF, meanwhile, offers the added advantage of real-time trading flexibility during market hours and cost-efficient access to this differentiated basket. The New Fund Offer (NFO) for both schemes opens on May 21, 2025, and closes on June 4, 2025, with a minimum investment of INR 1,000. Backed by data, the BSE Sensex Next 30 TRI has outperformed major large-cap indices with an impressive 5-year CAGR of ~26%, compared to ~20% for the BSE Sensex TRI. It has delivered positive returns in 9 out of the last 11 years, and is currently trading at a 7% discount to its 10-year historical average P/E, making it an attractive entry point. NAM India, with over INR 1.93 lakh crore in passive AUM and a robust suite of 24 ETFs and 26 index funds, continues to fortify its leadership in the passive investing space, offering tailored solutions for a growing investor base seeking diversification and long-term growth.
