Nippon Life India Asset Management Ltd. share price target

Reliance Nippon Life Asset Management Ltd (RNAM) is a unique and currently the only listed play in a highly under-penetrated Indian mutual fund market. Besides being one of the largest Asset Management Company (~Rs 3.9 lac cr) and having ~11% market share in MF

We initiate coverage on Reliance Nippon Life Asset Management (RNLAM) with a BUY rating and a target price of INR 350, valuing the company at 28x FY20E earnings (at CMP stock trades at 36x/ 29x FY18E/ FY19E). We believe RNLAM remains in a favourable position to capitalise on twin trends: a) mutual fund (MF) industry tailwinds as inflows remain strong and...

Reliance Nippon Life Asset Management Ltd (RNL) is one of the largest Asset Management Companies (AMC) in India, managing total Asset Under Management (AUM) of Rs3,625.5bn as on 30 th June 2017. RNL manages Mutual Funds (including ETFs), PMS (portfolio management services), AIFs (alternative investment funds) and Pension Funds. Company is ranked third in terms of quarterly average AUM (QAAUM) for mutual funds and enjoys 11.4% market share. Company currently manages Reliance Mutual fund's 55 open-ended mutual funds...

Issue Open: Oct 25 - Oct 27 Issue Open: Oct 25 - Oct 27, 2017, Price Band: Rs. 247 - 252, Issue Size: 61,200,000 Equity Shares, (Fresh Issue of 24,480,000 eq sh + Offer for sale of 36,720,000 eq sh), Offer Size: Rs.1511.64 crs - 1542.24 crs.

Reliance Nippon Life Asset Management Ltd. (RNLAML) is promoted by Reliance Capital Ltd., an RBI registered non-banking financial company and Nippon Life Insurance Company, one of the leading private life insurers in Japan. It is one of the largest asset management companies in India, managing total AUM of `3625.5bn as on June 30, 2017. RNLAML is involved in managing (i) mutual funds (including ETFs), (ii) managed accounts, including portfolio management services, alternative investment funds (AIFs) and pension funds, and (iii) offshore funds and advisory mandates. RNLAML was ranked as the second most profitable AMC in India for the FY16, and the third largest AMC, in terms of mutual fund quarterly average AUM...

Reliance Nippon Life Asset Management Ltd (RNAM) is the third largest Asset Management Company (AMC) in terms of quarterly average AUM (QAAUM) with 11.4% market share and is ranked second most profitable AMC. RNAM managed `3,84,061cr as on August 2017, which includes Mutual Fund (`2,28,329cr), Managed Account (`1,53,509cr) and offshore fu..

Incorporated in 1995, Reliance Nippon Life Asset Management Ltd has market share of over 11.4% in mutual funds offerings in India. Reliance Nippon Life is ranked the 2nd most profitable asset management company in India. it is involved in managing (i) mutual funds (including ETFs); (ii) managed accounts, including portfolio management services, alternative investment funds (AIFs) and pension funds; and (iii) offshore funds and advisory mandates. The company handles offshore funds across Asia, Middle East,...

Reliance Nippon Life Asset Management Ltd. (RNLAM) is one of the largest asset management companies in India, managing total AUM of Rs. 3,62,550 crore as of June 30, 2017. It is jointly promoted by Reliance Capital, a part of Anil Dhirubhai Ambani-led Reliance Group which currently holds 46.57%, and Nippon Life Insurance Company, a leading private life insurer in Japan which holds 49% share....

Leading Asset Management Company with Strong Credentials to Drive Growth: Fresh Issue ( @ Higher Band) (Rs. Cr.) 616.90 They have a diversified investor base, and as of Q1FY18, They manage assets for 7.01 Offer for Sale ( @ Higher Band) (Rs. Cr.) 925.30 mn investor folios, which comprised 6.72 mn retail folios. As of Q1FY18, the MAAUM of retail investors managed by them was the second largest (with a total market share of Pre Issue Equity Capital (Rs.Cr.) 587.52 13.6%) among asset management companies in India, according to ICRA..They believe...

ICICI Securities Ltd | Retail Equity Research Promoted by Reliance Capital Ltd, Reliance Nippon Life Asset Management Ltd (RAMC) is one of the largest asset management companies in India, managing total AUM of | 3,62,550 crore as of June 30, 2017. It is involved in managing mutual funds (including ETFs), managed accounts, including portfolio management services (PMS), AIFs, pension funds, offshore funds and advisory mandates. The company acts as asset manager for Reliance Mutual Fund, managing...