Nippon Life Asset Management (NAM) has reported QoQ improvement in yields (gross) for two consecutive quarters from 45bps in Q1FY23 to 46.5bps in Q2FY23 to 48.3bps in Q3FY23. This was driven by higher equity mix and better fixed income/ETF realisations. However, traction in debt segment (as stated by management in Q2) did not happen and the segment continued to witness outflows.