Latest news with #NipponLifeIndiaAssetManagementLtd
Economic Times
03-08-2025
- Business
- Economic Times
Nippon India MF sets foot in Leh to deepen financial inclusion; eyes expansion in border regions
In a bid to deepen financial inclusion, Nippon Life India Asset Management Ltd has opened a branch in Leh and is looking to expand its presence in border areas, its CEO Sundeep Sikka said. With this, Nippon Life India Asset Management (NAM India) -- promoted by Japan's Nippon Life Insurance Company -- becomes the only asset management company in the country to establish a physical presence in such a high-altitude region. This marks NAM India's 167th branch and its presence in 266 pin codes across the the reason for opening the branch, Sikka said Ladakh, a Union Territory known for its breathtaking landscapes, has seen a surge in tourism and economic activity in recent years. However, the region's financial landscape remains relatively underdeveloped, with limited access to a diverse range of investment average assets under management (AAUM) in Jammu & Kashmir and Ladakh stood at Rs 10,844 crore as of June 2025, accounting for less than 0.14 per cent of India's total mutual fund assets. In contrast, India's overall mutual fund AAUM reached a staggering Rs 74.80 lakh crore during the same period. "With a presence in Leh, Ladakh, Nippon India Mutual Fund aims to bridge the financial literacy gap, develop a healthy mutual fund ecosystem and offer local residents the opportunity to participate in the Indian capital markets," Sikka company plans to open more branches in India's border regions that often face limited access to formal financial services, the chief executive he did not specify a timeline for the rollout of additional present, Nippon India Mutual Fund is present in all districts and 97 per cent of PIN codes across asked about the challenges of operating in such regions, Sikka pointed out that while many residents have a decent income, there is a clear lack of awareness about formal investment avenues."People here are earning well, but often end up putting their money into unregulated or informal products due to limited financial literacy," he the need for investor education as a top priority, he said the company's first objective is to build trust and understanding around mutual funds."We are also exploring the launch of simple, easy-to-understand products tailored to the needs of first-time investors in these areas," he the company's future expansion strategy, Sikka said Nippon India Mutual Fund is focused on strengthening its digital infrastructure, noting that nearly 70 per cent of new investors are now coming through online the same time, the company remains committed to expanding its physical presence, recognising that on-ground branches play a key role in building trust. Additionally, he revealed plans to launch a Specialised Investment Fund (SIF) aimed at offering more targeted investment solutions.
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Business Standard
03-08-2025
- Business
- Business Standard
Nippon India mutual fund opens Leh branch to boost border inclusion
In a bid to deepen financial inclusion, Nippon Life India Asset Management Ltd has opened a branch in Leh and is looking to expand its presence in border areas, its CEO Sundeep Sikka said. With this, Nippon Life India Asset Management (NAM India) -- promoted by Japan's Nippon Life Insurance Company -- becomes the only asset management company in the country to establish a physical presence in such a high-altitude region. This marks NAM India's 167th branch and its presence in 266 pin codes across the country. Explaining the reason for opening the branch, Sikka said Ladakh, a Union Territory known for its breathtaking landscapes, has seen a surge in tourism and economic activity in recent years. However, the region's financial landscape remains relatively underdeveloped, with limited access to a diverse range of investment products. The average assets under management (AAUM) in Jammu & Kashmir and Ladakh stood at Rs 10,844 crore as of June 2025, accounting for less than 0.14 per cent of India's total mutual fund assets. In contrast, India's overall mutual fund AAUM reached a staggering Rs 74.80 lakh crore during the same period. "With a presence in Leh, Ladakh, Nippon India Mutual Fund aims to bridge the financial literacy gap, develop a healthy mutual fund ecosystem and offer local residents the opportunity to participate in the Indian capital markets," Sikka said. The company plans to open more branches in India's border regions that often face limited access to formal financial services, the chief executive said. However, he did not specify a timeline for the rollout of additional branches. At present, Nippon India Mutual Fund is present in all districts and 97 per cent of PIN codes across India. When asked about the challenges of operating in such regions, Sikka pointed out that while many residents have a decent income, there is a clear lack of awareness about formal investment avenues. "People here are earning well, but often end up putting their money into unregulated or informal products due to limited financial literacy," he said. Highlighting the need for investor education as a top priority, he said the company's first objective is to build trust and understanding around mutual funds. "We are also exploring the launch of simple, easy-to-understand products tailored to the needs of first-time investors in these areas," he noted. About the company's future expansion strategy, Sikka said Nippon India Mutual Fund is focused on strengthening its digital infrastructure, noting that nearly 70 per cent of new investors are now coming through online channels. At the same time, the company remains committed to expanding its physical presence, recognising that on-ground branches play a key role in building trust. Additionally, he revealed plans to launch a Specialised Investment Fund (SIF) aimed at offering more targeted investment solutions.
Economic Times
04-07-2025
- Business
- Economic Times
Stock Radar: Nippon Life stock gives a breakout from Cup pattern in June; check target & stop loss for long positions
Nippon Life India Asset Management Ltd, part of the asset management company industry, gave a breakout from a Cup handle back in June 2025 and is consolidating in a narrow term traders can look to buy the stock as it is trading above crucial support levels; hence, a bounce back could be on the stock entered a consolidation phase after hitting a swing high of Rs 816 on December 11, 2024, and subsequently breached most of its
Time of India
04-07-2025
- Business
- Time of India
Stock Radar: Nippon Life stock gives a breakout from Cup pattern in June; check target & stop loss for long positions
Nippon Life India Asset Management is showing positive market movement. The stock broke out from a cup handle pattern in June. It is consolidating within a range. Experts suggest a potential buy for short-term traders. The stock price may rise to Rs 950 in the coming weeks. A stop loss at Rs 712 is advised. Nippon Life India Asset Management Ltd, part of the asset management company industry, gave a breakout from a Cup handle back in June 2025 and is consolidating in a narrow term traders can look to buy the stock as it is trading above crucial support levels; hence, a bounce back could be on the stock entered a consolidation phase after hitting a swing high of Rs 816 on December 11, 2024, and subsequently breached most of its
Mint
06-05-2025
- Business
- Mint
Recommended stocks to buy today: Top stock picks by market experts for 6 May
The stock market hit its highest closing level of the year on 5 May, helped by strong foreign investments and a boost in confidence owing to falling crude oil prices. Investor optimism has remained solid, with benchmark indices recording gains in 12 of the past 16 sessions. Both Sensex and Nifty 50 have climbed over 10% during this period, driven by strong foreign buying. Most sectors, especially auto, energy FMCG , and metal, witnessed gains, while banking and financials lagged behind. The Sensex closed 295 points (0.4%) higher at 80,797, while the Nifty 50 advanced 114.45 points (0.47%) to 24,461. The BSE Midcap index jumped 1.45%, and the BSE Smallcap index rose 1.23%. Nippon Life India Asset Management Ltd (Cmp: ₹ 653.20) Buy above ₹ 655 and on dips to ₹ 639; stop ₹ 629; target ₹ 705-720 Calcutta Electric Supply Corporation (Cmp: ₹ 164.97) Buy CMP and on dips to ₹ 158; stop ₹ 155; target ₹ 178-184 JK Tyre & Industries Ltd (Cmp: ₹ 320.70) Buy above ₹ 322 and on dips to ₹ 305; stop ₹ 295; target ₹ 330-345 Buy: ITC Ltd (current price: ₹ 437) ● Why it's recommended : Strong financial performance, growth prospects, market position, and operational efficiency. ● Key metrics : P/E: 26.64; 52-week high: ₹ 495; volume: ₹ 502.63 crore ● Technical analysis : Bounced back from its 100-DMA ● Risk factors : Overvaluation concerns, high ESG risk rating ● Buy at : ₹ 437 ● Target price : ₹ 465 in 3 months ● Stop loss : ₹ 421 Buy: Jyoti Cnc Automation Ltd (current price: ₹ 1,165) ● Why it's recommended : Strong market position in precision engineering, export growth, and global presence. ● Key metrics : P/E: 80.36; 52-week high: ₹ 1,504; volume: ₹ 69.45 crore ● Technical analysis : Downward sloping trendline breakout and 200-DMA retake ● Risk factors : Margin sensitivity to raw material costs and exposure to cyclical industries ● Buy at : ₹ 1,165 ● Target price : ₹ 1,400 in 3 months ● Stop loss : ₹ 1,055 Buy: Adani Enterprises Ltd (current price: ₹ 2,455) Why it's recommended : Stock has created a double top at the ₹ 2,480 level, after which some selling was observed. However, it has retested its important level of ₹ 2,440 and resumed a bullish trend. Daily volumes remain high, and on the daily chart, the stock had formed a double bottom at ₹ 2,035 and has given a good breakout recently. Key metrics : Resistance level: ₹ 2,480 (double top); Support level: ₹ 2,440 (retest); Pattern: Double bottom breakout at ₹ 2,035 (daily chart); Volume: High daily volume. Technical analysis : Price action shows successful retest of key level and resumption of bullish momentum . Volume and double bottom confirmation support further upside. Risk factors : Sensitive to regulatory news and group-level volatility, especially in the infrastructure and energy sectors. Buy at : ₹ 2,455 Target price : ₹ 2,500-2,530 in 1 week Stop loss : ₹ 2,420 Buy: Mahindra & Mahindra (current price: ₹ 3,021) Why it's recommended : On the daily chart, the stock gave a falling wedge breakout at ₹ 2,700, after which a strong rally followed, pushing the price above ₹ 3,000. This rally is expected to continue toward ₹ 3,150 in the short term, as the next supply zone lies around that level. The stock has also broken its 61.8% Fibonacci retracement level, which further confirms the bullish trend. Key metrics : Breakout level: ₹ 2,700 (falling wedge breakout); Target zone: ₹ 3,150 (supply zone); Technical level: Broke 61.8% Fibonacci retracement Technical analysis : Breakout from bullish falling wedge with follow-through buying. Breach of 61.8% retracement adds conviction to the trend continuation. Risk factors : Auto sector can be affected by raw material costs, policy changes, and rural demand trends. Buy at : ₹ 2,920-2,950 Target price : ₹ 3,150-3,170 in 1 week Stop loss : ₹ 2,945 Buy: Bajaj Finance Ltd (current price: ₹ 8,932) Why it's recommended : Stock has given a bullish pennant breakout on the lower time frame, indicating strong continuation potential. Additionally, the hourly RSI is trending upward and is currently at 55 levels, supporting the bullish momentum. Key metrics : Pattern: Bullish pennant breakout (lower time frame), RSI: Trending up at 55 (hourly) Technical analysis : Breakout pattern on intraday chart supported by rising RSI suggests further upside. Structure indicates momentum-driven move toward next resistance zone. Risk factors : NBFCs are exposed to interest rate changes, credit cycle risk, and macroeconomic conditions. Buy at : ₹ 8,932 Target price : ₹ 9,100-9,140 in 1 week Stop loss : ₹ 8,848 Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India: Trade name: William O'Neil India Pvt. Ltd. Its Sebi-registered research analyst registration number is INH000015543. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions."
