Latest news with #NipponIndia
The Print
28-05-2025
- Business
- The Print
Nippon India MF eyes deeper retail play, expansion in smaller cities to fuel growth
While the overall mutual fund industry in the region grew 20 per cent year-on-year, Nippon India clocked over 27 per cent growth, with Systematic Investment Plan (SIP) inflows rising 55 per cent in FY24 , significantly ahead of the industry's 38 per cent in the region and 34 per cent nationwide. The fund house is particularly bullish on eastern India, where growth continues to outpace the national average, the official added. Kolkata, May 28 (PTI) Nippon India Mutual Fund (MF) is betting big on deeper retail penetration and expansion in smaller towns to double its investor base to 5 crore over the next 7-8 years, a top official said on Wednesday. 'Our strategy is clear, we want to go deeper into the retail market, especially in emerging and underpenetrated regions. That's where India's growth lies. Our current investor base is 2 crore out of 6 crore MF unique investors,' said Sundeep Sikka, Executive Director and CEO, Nippon India Mutual Fund. 'Nippon India is the largest foreign mutual fund in India. What sets us apart is that we have grown the fastest among the top five, despite not having a banking sponsor,' he added. The fund house added 82 lakh investors in FY24, outpacing several bank-sponsored asset management companies (AMCs), and recorded a 27 per cent year-on-year growth in assets under management (AUM), he said. With 269 branches nationwide, Nippon India has established a robust presence in eastern India, operating in 50 locations across 11 states and has achieved what it calls a 'triple milestone' in the region: Rs 50,000 crore in AUM, 50 lakh investor folios, and 50 physical touchpoints in FY'25, Sikka added. 'Key cities like Kolkata, Patna and Ranchi have seen phenomenal three-year SIP growth — 170 per cent, 159 per cent, and 162 per cent, respectively — far outpacing industry averages,' Sikka said. Retail AUM in the east has grown by 29 per cent over the past three years, against the industry average of 25 per cent, with cities such as Bhubaneswar and Durgapur outpacing metros like Delhi and Mumbai in growth rates, he added. Sikka attributed the strong momentum to greater awareness, investor education and a growing shift from unorganised savings to formal investment avenues in tier-II and tier-III cities. On the product front, Nippon India is maintaining a focus on simplicity — prioritising existing offerings and SIPs over frequent new fund launches. 'We're not in a hurry to flood the market with NFOs. Our aim is long-term, sustainable investor growth,' Sikka said. PTI BSM MNB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
15-05-2025
- Business
- Economic Times
Gold shone the brightest last year. Will its phenomenal rally continue?
All that is glittering now is gold. In the past one year, the yellow metal has shot up massively, adding extra sheen to the jewellery stocks and gold ETFs. The Nippon India ETF Gold BeES has risen 25% in one year, and 13% annually in the last five years. Titan, with close to 88% of the FY25 revenue coming from the jewellery segment, has zoomed 329% in the past five years or 34% annually. The stock moved up drastically after 2020 for almost three
Time of India
15-05-2025
- Business
- Time of India
Gold shone the brightest last year. Will its phenomenal rally continue?
All that is glittering now is gold. In the past one year, the yellow metal has shot up massively, adding extra sheen to the jewellery stocks and gold ETFs. The Nippon India ETF Gold BeES has risen 25% in one year, and 13% annually in the last five years. Titan, with close to 88% of the FY25 revenue coming from the jewellery segment, has zoomed 329% in the past five years or 34% annually. The stock moved up drastically after 2020 for almost three
Time of India
25-04-2025
- Business
- Time of India
Nippon India launches two new index funds targeting low volatility and quality stocks amid market uncertainty
These passive investment products track specific factor-based indices. (AI image) Nippon India Mutual Fund has introduced two passive investment funds as straightforward choices for investors navigating through present market instability and sector-wide negative performance. The company has rolled out a pair of open-ended index funds : the Nippon India Nifty 500 Low Volatility 50 Index Fund alongside the Nippon India Nifty 500 Quality 50 Index Fund , each utilising factor investment methodology. These New Fund Offers (NFOs) have commenced and will continue accepting subscriptions until April 30, 2025. "These funds are positioned as a hedge in the current volatile market environment," said Nippon India, highlighting their intention to provide steady returns and stability for investors with long-term objectives. These passive investment products track specific factor-based indices. They deliver advantages including portfolio diversification, reduced expense ratios, and clear investment visibility through index replication. The Nifty 500 Low Volatility 50 Index Fund aims to invest in the 50 companies showing minimal volatility within the Nifty 500, providing protection against market fluctuations. The fund utilises quantitative analysis to identify stocks demonstrating the lowest price variations over a one-year period. "The low volatility strategy has provided significant historical returns and has proved to be an anomaly to the theory of higher risk equals higher returns," the fund house noted, citing its resilience during previous periods of market turmoil. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo The Nifty 500 Quality 50 Index Fund, the second offering, focuses on selecting financially robust companies through quality-focused parameters. The selection process evaluates key financial indicators including return on equity (ROE), debt-to-equity ratio, and earnings per share (EPS) stability to select the top 50 quality stocks from the broader index. "Factor investing combines passive and active methods of investing, offering a rule-based, data-driven approach to portfolio construction," Nippon India said. These funds are being introduced when investors are seeking defensive investment options amidst ongoing market volatility and economic uncertainties. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
