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Nippon Life India Asset Management Announced Q1FY23 Result :
- MF QAAUM market share at 7.40% - Up 16 Basis Points since Jun 2021
- MF QAAUM at Rs. 2,79,431 Crore - Up 16%
- Largest base of investors in the industry at 1.8 Crore folios added 69 Lakh folios since June 2021
- Overall unique investors grew to 1.3 Crore - Up 76%
- MF MAAUM market share in B-30 category at 7.90% - Up 24 Basis Points Vs. Mar 2022
- Q1 FY23 Operating Profit at Rs. 171 Crore - Up 1%
- Financial Highlights - Q1 FY23:
- Total Income was Rs. 299 crore (US$ 38 million) - a decrease of 19%
- Operating Profit was Rs. 171 crore (US$ 22 million) - an increase of 1%
- Profit after Tax was Rs. 114 crore (US$ 14 million) - a decrease of 37%
Mr. Sundeep Sikka, ED & CEO, NAM India, said “domestic economy as well as the Mutual Fund industry were impacted in Q1 due to macro headwinds. In this dynamic investment environment, “Investors’ interest” continues to be our prime focus. We remain committed in supporting our clients pursue their long-term financial goals and add sustainable value.
Today, NAM India is humbled to have the faith and trust of over 1.8 crore investors, which is the largest investor base in the MF industry. NIMF’s overall market share also improved by 16 basis points. The granularity of our distribution, consistent fund performance, strong governance architecture and de-risked business model have created beneficial opportunities, even in tough macro conditions. With an 100% investor-centric approach, our endeavour is to consistently create a better future for all stakeholders.”
