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Nippon Life India Asset Management Results: Latest Quarterly Results & Analysis

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Nippon Life India Asset Management Ltd. 30 Oct 2025 15:41 PM
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Q2FY26 Quarterly Result Announced for Nippon Life India Asset Management Ltd.

Nippon Life India Asset Management announced Q2FY26 results

  • Total Income stood at Rs 6.95 billion (USD 78 million) as against Rs 7.53 billion in Q1FY26.
  • Operating Profit stood at Rs 4.19 billion (USD 47 million) as against Rs 3.78 billion in Q1FY26.
  • Profit after Tax stood at Rs 3.45 billion (USD 39 million) as against Rs 3.96 billion in Q1FY26.
  • As on September 30, 2025, NAM India’s assets under management stood at Rs 7.61 trillion (USD 85.7 billion).
  • For the quarter ended September 30, 2025, NIMF’s average assets under management stood at Rs 6.57 trillion (USD 73.9 billion) up 20% YoY.
  • For the quarter ended September 30, 2025, share of Equity Assets stood at 47.6% of NIMF’s AUM as against 48.2% as of September 30, 2024.
  • NIMF has one of the largest retail assets in the Industry, at Rs 1.93 trillion (USD 21.7 billion). Retail assets contributed 29% to NIMF’s AUM vs Industry average of 27%.
  • High Networth Individual (HNI) AUM at Rs 2.04 trillion (USD 23.0 billion), 23% YoY & market share up 68 bps YoY. Sustained market share gain for 15 successive quarters.
  • Corporate AUM was Rs 2.69 trillion (USD 30.3 billion), 22% YoY & market share growth of 25 bps YoY.
  • NIMF’s AUM from ‘Beyond the Top 30 cities’ (B-30) stood at Rs 1.32 trillion (USD 14.9 billion), 15% YoY. This forms 19.8% of NIMF’s AUM vs. 18.6% for the Industry.
  • NIMF’s quarterly systematic flows rose by 19% YoY to Rs 107.2 billion (USD 1.2 billion). This increase resulted in an annualised systematic book of ~Rs 437 billion (USD 4.9 billion).
  • NIMF is one of the largest ETF players with AUM of Rs 1.83 trillion (USD 20.6 billion) and a market share of 19.77%.
  • Nippon India AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of Rs 87.2 billion (USD 983 million) across various schemes (up 30% YoY).
  • NIMF has geographical presence at 271 locations pan India and is amongst the highest in the industry.
  • Digital purchase transactions rose to 7.8 million in H1FY26, up from 6.8 million in H1FY25. Digital channel contributed 75% to new purchase transactions in H1FY26.

Sundeep Sikka, ED & CEO, NAM India, said: “Firstly, I would like to thank the Board of Directors for their continued confidence in my leadership by extending my term by a further 5 year period. In terms of business performance, we continue to gain market share with the highest increase in the Industry in H1FY26. Further, our Equity Net Sales and SIP market share, both remain well above Equity AUM market share. SIP flows remained robust and Industry flows touched another all-time high in September-2025. We remain humbled to have the trust of 21.9 million unique investors i.e. over 1 in every 3 mutual fund investors – highest in the Industry.”

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Result PDF

Asset Management company Nippon Life India Asset Management announced Q1FY26 results

  • Total Income stood at Rs 7.53 billion (US$ 88 million) as against Rs 5.90 billion in Q4FY25.
  • Operating Profit stood at Rs 3.78 billion (US$ 44 million) as against Rs 3.55 billion in Q4FY25.
  • Profit after Tax stood at Rs 3.96 billion (US$ 46 million) as against Rs 2.99 billion in Q4FY25.
  • MF QAAUM at Rs 6.13 trillion – up 27% YoY – fastest growing AMC among the top-10 players
  • MF QAAUM market share up 29 basis points YoY to 8.49%
  • Equity market share up 19 basis points YoY to 7.04%

Sundeep Sikka, ED & CEO, NAM India, said “We witnessed double digit Equity Net Sales and SIP market share, with both remaining well above Equity AUM market share. SIP flows remained robust and Industry flows touched another all-time high in June-2025. We remain humbled to have the trust of 21.2 mn unique investors i.e. over 1 in every 3 mutual fund investors – highest in the Industry.”

Result PDF

Asset Management company Nippon Life India Asset Management announced Q3FY25 results

  • AUM:
    • NAM India Rs 6.56 turnover.
    • Mutual Funds Rs 5.56 turnover.
    • Managed Accounts Rs 833 billion.
    • International Rs 167 billion (Advisory Rs 21 billion).
  • Retail Strength:
    • B-30 assets Rs 1.18 turnover.
    • Individual AUM Rs 3.47 turnover.
    • Systematic Flows (Quarterly) Rs 99 billion.
    • Unique Investors 20.0 million 1 in 3 MF investors in India invest in and trust NAM.
  • Financials:
    • Q3FY25 Profit after Tax at Rs 2.95 billion ( 4% YoY / -18% QoQ).
  • AAUM:
    • Dec-24 QAAUM - Rs 5,700 billion, up 51% YoY & 4% QoQ.
    • Market share at 8.31% | 63 bps YoY / 1 bp QoQ.
    • Highest YoY Market Share increase across AMCs.
    • Equity Mkt Share at 6.99% | 31 bps YoY / 3 bps QoQ.
  • Investor Folio Base Highest Investor Base – 31.0 million Added 2.3 million folios in Q3FY25.
  • ETF: Dec-24 QAAUM - Rs 1,502 billion Market share at 18.1% ( 278 bps YoY).
  • Profitability: Q3FY25 Profit After Tax at Rs 2.95 billion ( 4% YoY / -18% QoQ).
    • Digital: 4.08 million Digital transactions in Q3FY25 Contributed 73% to overall purchase new SIP transactions for Q3FY25.
    • 46 new digital Purchase/SIPs every minute in Q3FY25.

Result PDF

Asset Management company Nippon Life India Asset Management announced Q2FY25 results

Financial Highlights:

  • Total Income stood at Rs 6.92 billion (USD 83 million) as against Rs 6.36 billion in Q1FY25.
  • Operating Profit stood at Rs 3.65 billion (USD 44 million) as against Rs 3.08 billion in Q1FY25.
  • Profit after Tax stood at Rs 3.60 billion (USD 43 million) as against Rs 3.32 billion in Q1FY25.

Business Highlights:

  • As on September 30, 2024, NAM India’s assets under management stood at Rs 6.54 trillion (USD 78.1 billion).
  • For the Q2FY25, NIMF’s average assets under management stood at Rs 5.49 trillion (USD 65.5 billion) - an increase of 57% YoY and 14% QoQ.
  • For the Q2FY25, share of Equity Assets rose to 51.1% of NIMF’s AUM as against 46.8% as of Q2FY24.
  • NIMF has one of the largest retail assets in the Industry, at Rs 1.74 trillion (USD 20.7 billion). Retail assets contributed 31% to NIMF’s AUM vs Industry average of 28%.
  • High Networth Individual (HNI) AUM at Rs 1.65 trillion (USD 19.7 billion) – up 15% QoQ & market share growth of 18 bps QoQ.
  • Individual AUM (Retail HNI) was Rs 3.39 trillion (USD 40.4 billion) - an increase of 14% QoQ. This segment contributed 60% to NIMF’s AUM.
  • NIMF’s AUM from ‘Beyond the Top 30 cities’ (B-30) stood at Rs 1.15 trillion (USD 13.7 billion) – higher by 15% QoQ. This forms 20.5% of NIMF’s AUM vs. 18.5% for the Industry.
  • NIMF’s quarterly systematic flows rose by 19.9% QoQ to Rs 90.3 billion (USD 1.1 billion). This increase resulted in an annualised systematic book of ~Rs 376 billion (USD 4.5 billion).
  • NIMF is one of the largest ETF players with AUM of Rs 1.48 trillion (USD 17.7 billion) and a market share of 18.17%.
  • Nippon India AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of Rs 67.7 billion (USD 808 million) across various schemes.
  • NIMF has geographical presence at 264 locations pan India and is amongst the highest in the industry.
  • Digital purchase transactions rose to 3.97 million in Q2FY25, up from 1.52 million in Q2FY24. Digital channel contributed 70% to new purchase transactions in Q2FY25.

Sundeep Sikka, ED & CEO, NAM India, said: “The trend in overall market share gains sustained, including equity – aided by increasing systematic flows. We are humbled to have the trust of 18.9 million unique investors i.e. over 1 in every 3 mutual fund investors highest in the Industry.”

Result PDF

Nippon Life India Asset Management announced Q1FY25 results:

Financial Highlights:

  • Total Income stood at Rs 6.36 billion (USD 76 million) as against Rs 5.61 billion in Q4FY24.
  • Q1FY25 profit after tax at Rs 3.32 billion - up 41% YoY
  • Q1FY25 operating profit at Rs 3.08 billion – up 59% YoY, highest ever quarterly operating profit
  • MF QAAUM at Rs 4.84 trillion - up 54% YoY
  • MF QAAUM market share up 93 basis points YoY to 8.20% - highest QAAUM market share increase among all AMCs
  • Market share gains across all segments – equity market share up 62 basis points YoY to 6.88%
  • Q1FY25 systematic flows at Rs 75.3 billion - up 120% YoY
  • Largest base of investors in the industry with overall unique investors at 17.5 million – market share of 37.4%
  • MF AUM crossed Rs 5.0 trillion & passive AUM crossed Rs 1.5 trillion during the quarter

Business Highlights:

  • As on June 30, 2024, NAM India’s assets under management stood at Rs 6.04 trillion (USD 72.4 billion).
  • For the quarter ended June 30, 2024, NIMF’s average assets under management stood at Rs 4.84 trillion (USD 58.0 billion) - an increase of 54% YoY and 12% QoQ.
  • For the quarter ended June 30, 2024, share of Equity Assets rose to 49.8% of NIMF’s AUM as against 44.5% as of June 30, 2023.
  • NIMF has one of the largest retail assets in the Industry, at Rs 1.54 trillion (USD 18.5 billion). Retail assets contributed 30% to NIMF’s AUM vs Industry average of 27%.
  • High Networth Individual (HNI) AUM at Rs 1.44 trillion (USD 17.2 billion) – up 16% QoQ & market share growth of 21 bps QoQ.
  • Individual AUM (Retail HNI) was Rs 2.98 trillion (USD 35.7 billion) - an increase of 16% QoQ. This segment contributed 58% to NIMF’s AUM.
  • NIMF’s AUM from ‘Beyond the Top 30 cities’ (B-30) stood at Rs 1.00 trillion (USD 12.0 billion) - an increase of 16% QoQ. This forms 19.6% of NIMF’s AUM vs. 18.1% for the Industry.
  • NIMF’s quarterly systematic flows rose by 7.5% QoQ to Rs 75.3 billion (USD 903 million). This increase resulted in an annualised systematic book of ~Rs 310 billion (USD 3.7 billion).
  • NIMF is one of the largest ETF players with AUM of Rs 1.30 trillion (USD 15.5 billion) and a market share of 17.79%.
  • Nippon India AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of Rs 65.1 billion (USD 780 million) across various schemes.
  • NIMF has geographical presence at 263 locations pan India and is amongst the highest in the industry.
  • Digital purchase transactions rose to 2.82 million in Q1FY25, up from 1.06 million in Q1FY24. Digital channel contributed 68% to new purchase transactions in Q1FY25.  

Result PDF

Nippon Life India Asset Management announced Q4F24 & FY24 results:

Financial Highlights:

  • Total Income in Q4FY24 stood at Rs 5.61 billion (USD 67 million) as against Rs 5.30 billion in Q3 FY24
  • Operating Profit in Q4FY24 stood at Rs 2.82 billion (USD 34 million), as against Rs 2.51 billion in Q3 FY24
  • Profit after Tax in Q4FY24 stood at Rs 3.43 billion (USD 41 million) as against Rs 2.84 billion in Q3 FY24
  • Dividend Payout for FY24 at Rs 16.50 per share (including proposed Final Dividend of Rs 11.00), i.e. ~99% of PAT.
  • MF QAAUM market share at 7.97% - up 73/30 basis points yoy/QoQ.
  • Highest QAAUM market share increase among all AMC's.
  • Market share gains across all segments QoQ – equity market share up 58/9 basis points YoY/QoQ to 6.76%.
  • Q4FY24 systematic flows at Rs 70.1 billion - up 118% YoY / 18% QoQ.
  • largest base of investors in the industry with overall unique investors at 16.5 mn – market share of 37%.
  • MF QAAUM at Rs 4,313 billion - up 47% YoY & 14% QoQ.
  • NIMF maintained its industry ranking at 4th position (on qaaum basis).
  • dividend payout for FY24 at Rs 16.50 per share (including proposed final dividend of Rs 11.00 per share), i.e. ~99% of PAT.

Business Highlights:
• As on March 31, 2024, NAM India’s assets under management stood at Rs 5.24 trillion (USD 62.8 billion).
• For the quarter ended March 31, 2024, NIMF’s average assets under management stood at Rs 4.31 trillion (USD 51.7 billion) - an increase of 47% YoY and 14% QoQ.
• For the quarter ended March 31, 2024, share of Equity Assets rose to 49.2% of NIMF’s AUM as against 44.4% as on March 31, 2023.
• NIMF has one of the largest retail assets in the Industry, at Rs 1,335 billion (USD 16.0 billion). Retail assets contributed 30% to NIMF’s AUM vs Industry average of 27%.
• High Networth Individual (HNI) AUM at Rs 1,243 billion – up by Rs 470 billion YoY, 10% QoQ & market share growth of 11 bps QoQ.

 

Result PDF

Nippon Life India Asset Management announced Q3FY24 results:

  • Q3FY24 Operating Profit reached Rs 2.51 billion, marking a significant 23% YoY increase and an 8% QoQ increase.
  • Profit After Tax for Q3FY24 stood at Rs 2.84 billion, exhibiting a remarkable 39% YoY growth and a substantial 16% QoQ growth.
  • The Mutual Fund QAAUM (Quarterly Average Assets Under Management) market share achieved 7.67%, demonstrating a notable improvement of 21 basis points QoQ.
  • Market share gains were observed across various segments, with Equity Market Share increasing by 15 basis points QoQ, reaching 6.67%.
  • Q3FY24 witnessed Systematic Flows amounting to Rs 59.3 billion, reflecting an impressive 104% YoY growth and a substantial 26% QoQ increase.
  • Systematic Flows for December 2023 were at Rs 21.0 billion, showing an 88% increase over March 2023.
  • The company established itself as one of the largest ETF (Exchange-Traded Fund) players, with Passive AUM crossing Rs 1 trillion.
  • The company boasts the largest base of investors in the industry, with overall unique investors numbering at 15.5 million, commanding a market share of 37%.
  • MF QAAUM reached Rs 3,777 billion in Q3FY24, demonstrating a substantial 29% YoY growth and an 8% QoQ increase.
  • NIMF (Name of the Mutual Fund) maintained its industry ranking, securing the 4th position on a QAAUM basis.

 

 

Result PDF

Nippon Life India Asset Management announced Q2FY24 results:

  • Total income stood at Rs 4.75 billion (USD 57 million) as against Rs 4.71 billion in Q1FY24
  • Operating profit stood at Rs 2.33 billion (USD 28 million), as against Rs 1.93 billion in Q1FY24
  • Profit after tax stood at Rs 2.44 billion (USD 29 million) as against Rs 2.36 billion in Q1FY24
  • As on September 30, 2023, NAM India’s assets under management stood at Rs 4.35 trillion (USD 52.4 billion)
  • For the quarter ended September 30, 2023, NIMF’s average assets under management stood at Rs 3.51 trillion (USD 42.2 billion) - an increase of 23.0% YoY and 11.8 QoQ
  • For the quarter ended September 30, 2023, share of Equity Assets rose to 46.8% of NIMF’s AUM as against 43.5% as on September 30, 2022
  • NIMF has one of the largest retail assets in the Industry, at Rs 1,099 billion (USD 13.2 billion). Retail assets contributed 30% to NIMF’s AUM vs Industry average of 26%
  • High Networth Individual (HNI) AUM at Rs 995 billion – up by Rs 293 billion YoY, 14.1% QoQ & market share growth of 32 bps QoQ
  • Individual AUM (Retail HNI) was Rs 2,094 billion (USD 25.2 billion) - an increase of 14.0% QoQ. This segment contributed 58% to NIMF’s AUM
  • NIMF’s AUM from ‘Beyond the Top 30 cities’ (B-30) stood at Rs 719 billion (USD 8.7 billion) - an increase of 13.9% QoQ. This segment forms 19.9% of NIMF’s AUM vis-à-vis 17.5% for the Industry
  • NIMF’s systematic book rose by 37.6% QoQ to Rs 47.2 billion (USD 568 million). This increase resulted in an annualised systematic book of over Rs 208 billion (USD 2.5 billion)
  • NIMF is one of the largest ETF players with AUM of Rs 808 billion (USD 9.7 billion) and a market share of 14.02%
  • Nippon India AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of Rs 57.8 billion (USD 696 million) across various schemes
  • NIMF has geographical presence at 265 locations pan India, and is amongst the highest in the industry
  • Digital purchase transactions rose to 2.55 million in H1FY24, up from 1.51 million in the same period last year. Digital channel contributed 56% to total new purchase transactions

Sundeep Sikka, ED & CEO, NAM India, said, “We continue to witness an uptick in overall market share, driven by gains across most asset classes – with a strong increase in equity market share. We are humbled to have the trust of 14.6 million unique investors i.e. 1 in every 3 mutual fund investors - highest in the Industry.

We will continue to focus on sustainable profitable growth for shareholders by growing both the Mutual Fund and non-Mutual Fund businesses.”

 

Result PDF

Nippon Life India Asset Management announced Q1FY24 results:

  • Total Income stood at Rs 4.71 billion (USD 57 million) as against Rs 3.88 billion in Q4FY23.
  • Operating Profit stood at Rs 1.93 billion (USD 24 million), as against Rs 1.99 billion in Q4FY23.
  • Profit after Tax stood at Rs 2.36 billion (USD 29 million) as against Rs 1.98 billion in Q4FY23.
  • As on June 30, 2023, NAM India’s assets under management stood at Rs 4.04 trillion (USD 49.2 billion).
  • For Q1FY24, NIMF’s AAUM stood at Rs 3.14 trillion (USD 38.2 billion) - an increase of 12.2% YoY and 7.0 QoQ.
  • For Q1FY24, the share of Equity Assets rose to 44.5% of NIMF’s AUM as against 41.8% as on June 30, 2022.
  • NIMF has one of the largest retail assets in the Industry, at Rs 965 billion (USD 11.8 billion). Retail assets contributed 30% to NIMF’s AUM vs Industry average of 25%.
  • High Networth Individual (HNI) AUM at Rs 872 billion – up by Rs 246 billion YoY, 12.9% QoQ & market share growth of 19 bps QoQ.
  • Individual AUM (Retail HNI) was Rs 1,837 billion (USD 22.4 billion) - an increase of 13.0% QoQ. This segment contributed 56% to NIMF’s AUM.
  • NIMF’s AUM from ‘Beyond the Top 30 cities’ (B-30) stood at Rs 631 billion (USD 7.7 billion) - an increase of 13.4% QoQ. This segment forms 19.3% of NIMF’s AUM vis-à-vis 16.9% of the Industry.
  • NIMF’s systematic book rose by 9.6% QoQ to Rs 12.2 billion (USD 149 million). This increase resulted in an annualised systematic book of over Rs 146.7 billion (USD 1.8 billion).
  • NIMF is one of the largest ETF players with AUM of Rs 738 billion (USD 9.0 billion) and a market share of 13.86%.
  • Nippon India AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of Rs 57.5 billion (USD 700 million) across various schemes.
  • NIMF has a geographical presence at 270 locations pan India and is amongst the highest in the industry.
  • Digital purchase transactions rose to 1.06 million in Q1FY24, up from 0.75 milllion in Q1FY23. Digital channels contributed 57% to total new purchase transactions.

Sundeep Sikka, ED & CEO, NAM India, said “We witnessed an improvement in overall market share, driven by gains across asset classes (barring liquid). Equity market share, which had been stable over the past few quarters has now started to improve. We are honored and privileged to have the trust of 14.1 million unique investors i.e. 1 in every 3 mutual fund investors - the highest in the Industry.

We will continue to do what is right for the investor with sustainable profitable growth for shareholders. We will continue to build our business going forward - on the pillars of brand, distribution, performance, people, processes, and trust.”

Result PDF

Nippon Life India Asset Management announced Q4FY23 results:

  • Total Income was Rs 388 crore (USD 47 million) as against Rs 372 crore in Q4FY22
  • Operating Profit was stable at Rs 200 crore (USD 24 million), same as Q4FY22
  • Profit after Tax was Rs 198 crore (USD 24 million) as against Rs 175 crore in Q4FY22
  • As on March 31, 2023, NAM India’s assets under management were Rs 3,62,981 crore (USD 44.2 billion)
  • Dividend Payout (including proposed Final Dividend of Rs 7.5) for FY23 at Rs 11.5 per share ~100% of PAT

Sundeep Sikka, ED & CEO, NAM India, said “We exhibited strong growth in various segments, particularly in Individual AUM - both Retail and High Networth Individuals, systematic investments, business from Beyond 30 (B-30) cities. We are humbled and honoured to have the trust of 1.35 crore investors, highest in the Industry. We continue to focus on granular execution, profitable growth and future-ready strategies, striving to deliver superior experience and sustainable returns to our investors”.

 

 

Result PDF

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