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.
Nippon Life India Asset Mgt. will host its first-quarter 2024 earnings conference call at 5:00 p.m. IST. The company will most likely provide business updates for the first quarter.
Listen to Nippon Life India Asset Management’s Q1 earnings call live and check real-time transcript
According to anaylsts, due to the outcome of recent SEBI (Securities and Exchange Board of India) board meeting in which proposed reduction in expense ratio has been deferred. This has sparked buying buzz among AMC stocks as market is expecting that profitability of the AMCs may remain stable in near term.
Nippon Life India Asset Management Ltd reported Revenues for Q4FY23 of ₹348.00 Crores year on year, a rise of 2.96%. Total Expenses for Q4FY23 saw a rise of 7.97% on YoY basis. Consolidated Net Profit of ₹198.00 Crores up 13.14% in the same quarter of the previous year.