Asset Management company Nippon Life India Asset Management announced Q2FY25 results Financial Highlights: Total Income stood at Rs 6.92 billion (USD 83 million) as against Rs 6.36 billion in Q1FY25. Operating Profit stood at Rs 3.65 billion (USD 44 million) as against Rs 3.08 billion in Q1FY25. Profit after Tax stood at Rs 3.60 billion (USD 43 million) as against Rs 3.32 billion in Q1FY25. Business Highlights: As on September 30, 2024, NAM India’s assets under management stood at Rs 6.54 trillion (USD 78.1 billion). For the Q2FY25, NIMF’s average assets under management stood at Rs 5.49 trillion (USD 65.5 billion) - an increase of 57% YoY and 14% QoQ. For the Q2FY25, share of Equity Assets rose to 51.1% of NIMF’s AUM as against 46.8% as of Q2FY24. NIMF has one of the largest retail assets in the Industry, at Rs 1.74 trillion (USD 20.7 billion). Retail assets contributed 31% to NIMF’s AUM vs Industry average of 28%. High Networth Individual (HNI) AUM at Rs 1.65 trillion (USD 19.7 billion) – up 15% QoQ & market share growth of 18 bps QoQ. Individual AUM (Retail + HNI) was Rs 3.39 trillion (USD 40.4 billion) - an increase of 14% QoQ. This segment contributed 60% to NIMF’s AUM. NIMF’s AUM from ‘Beyond the Top 30 cities’ (B-30) stood at Rs 1.15 trillion (USD 13.7 billion) – higher by 15% QoQ. This forms 20.5% of NIMF’s AUM vs. 18.5% for the Industry. NIMF’s quarterly systematic flows rose by 19.9% QoQ to Rs 90.3 billion (USD 1.1 billion). This increase resulted in an annualised systematic book of ~Rs 376 billion (USD 4.5 billion). NIMF is one of the largest ETF players with AUM of Rs 1.48 trillion (USD 17.7 billion) and a market share of 18.17%. Nippon India AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of Rs 67.7 billion (USD 808 million) across various schemes. NIMF has geographical presence at 264 locations pan India and is amongst the highest in the industry. Digital purchase transactions rose to 3.97 million in Q2FY25, up from 1.52 million in Q2FY24. Digital channel contributed 70% to new purchase transactions in Q2FY25. Sundeep Sikka, ED & CEO, NAM India, said: “The trend in overall market share gains sustained, including equity – aided by increasing systematic flows. We are humbled to have the trust of 18.9 million unique investors i.e. over 1 in every 3 mutual fund investors highest in the Industry.” Result PDF