Nippon Life India Asset Mgt. is engaged in managing mutual funds including exchange traded funds (ETFs); managed accounts, including portfolio management services, alternative investment funds and pension funds; and offshore funds and advisory mandates.(Source : 202003 Annual Report Page No: 01)
Financial Results:
- Nippon Life India Asset Management Ltd reported Revenues for Q2FY24 of ₹397.00 Crores up from ₹332.00 Crore year on year, a rise of 19.58%.
- Total Expenses for Q2FY24 of ₹165.00 Crores up from ₹146.00 Crores year on year, a rise of 13.01%.
- Consolidated Net Profit of ₹244.00 Crores up 18.45% from ₹206.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹3.91, up 18.13% from ₹3.31 in the same quarter of the previous year.