In addition to managing managed accounts, which include portfolio management services, alternative investment funds, and pension funds, offshore funds, and advisory mandates, Nippon Life India Asset Mgt. also manages mutual funds, including exchange traded funds (ETFs).
Financial Results:
- Nippon Life India Asset Management Ltd. reported Total Income for Q4FY23 of ₹ 388.03 Crores up from ₹ 372.44 Crore year on year, a rise of 4%.
- Total Expenses for Q4FY23 of ₹ 148.82 Crores up from ₹ 138.06 Crores year on year, a rise of 8%.
- Consolidated Net Profit of ₹ 197.7 Crores, up 13% from ₹ 174.8 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ 3.17, up 14% from ₹ 2.78 in the same quarter of the previous year.