In addition to managing managed accounts, which include portfolio management, alternative investment vehicles, and retirement funds, overseas funds, and advisory mandates, Nippon Life India Asset Management also manages mutual fund schemes, including exchange-traded funds (ETFs).
Financial Results:
In Q3FY23, it recorded an 18% rise in profit after tax (PAT), coming in at ₹ 205 crore. According to a statement from Nippon Life India Asset Management Ltd. share, the business reported a PAT of ₹ 174 crore during the same time last year.
The asset base of Nippon India Mutual Fund, which totaled ₹ 2.93 lakh crores, was included in the ₹ 3.6 lakh crores in AUM for Nippon Life India.