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Company details

262.30
279.75
262.30
476.50
6M Return -37.07%
1Y Return -22.14%
Mkt Cap.(Cr) 16,539.46
Volume 70,688
Div Yield 4.15%
OI
-
OI Chg %
-
Volume 70,688

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SWOT

  • swot

  • technicals

  • deals

  • shareholding


EMA SMA

Delivery and volume

Our Research View

Trading recommendation

Data not found

Investment recommendation

Yield compression continues; marginal market share gain

Call Date

28 Apr 2022

Entry Price

321.00

Target Price

400.00

Duration

12-18 Month

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 3,100.33 Cr FV: 10.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 30,916.98 -44,588.21
LAST 3M 79,590.49 -44,523.79
LAST 6M 143,408.31 -191,400.91
LAST 12M 204,102.65 -163,801.53
  • Announcement
  • Corporate action
  • No Data Found

Date Action Type Ratio
Jun 30, 2022 Dividend 75
Nov 08, 2021 Dividend 35
Jun 10, 2021 Dividend 50

Information

  • About Company
  • Company Info
  • Listing Info
22.15
73.8%
55.9215
30.96%
23.86%
Description
  • Reliance Nippon Life Asset Management Limited (RNAM) is one of the largest asset management companies in India; managing (directly & indirectly) assets across mutual funds, pension funds, managed accounts, alternative investments and offshore funds. RNAM is the asset manager of Reliance Mutual Fund (RMF) Schemes. RMF has a pan India presence across 298 locations and over 71,100 empanelled distributors. RNAM also has the mandates for fund management from Employees` Provident Fund Organisation (EPFO), The Pension Fund Regulatory and Development Authority (PFRDA) [as a Sponsor of the Pension Fund Manager] and The Coal Mines Provident Fund Organisation (CMPFO). As of March 31, 2018, the Company had three subsidiaries. Two of such subsidiaries are overseas, being one each in Singapore and Mauritius and one subsidiary being in India. All the subsidiaries of the Company are engaged in financial services and related activities. RNAM acts as an advisor for India focused Equity and Fixed Income funds [in Japan (launched by Nissay Asset Management), Korea (launched by Samsung Asset Management) and in Thailand (launched by BBL Asset Management)]. RNAM also manages offshore funds through its subsidiaries in Singapore and Mauritius and has representative office in Dubai thereby catering to investors across Asia, Middle East, UK, US, and Europe. Reliance Nippon Life is promoted by Reliance Capital Limited, an RBI registered non-banking finance company (NBFC) with business interests including in asset management and mutual funds, life, health and general insurance, commercial and home finance, stock broking, wealth management services, distribution of financial products, asset reconstruction and proprietary investments. Reliance Capital Limited is a part of Reliance Group, which has business interests in financial services, telecommunications, power, energy, infrastructure, and defense. The Reliance Group is led by Mr. Anil D. Ambani, one of India`s prominent business leaders. The Company`s co-promoter, Nippon Life Insurance Company (`Nippon Life`) is one of the leading private life insurers in Japan. Nippon Life offers a wide range of financial products, including individual and group life and annuity policies. Reliance Nippon Life Asset Management Limited was originally incorporated as a public limited company with the name Reliance Capital Asset Management Limited` on February 24, 1995 at Ahmedabad. Subsequently, in accordance with the terms of the Second Amended & Restated Shareholders` Agreement dated October 13, 2015 executed amongst the Company, Reliance Capital and Nippon Life, the name of the Company was changed to Reliance Nippon Life Asset Management Limited` on May 5, 2016. The company started mutual fund operations in 1995 as the asset manager for Reliance Mutual Fund. During the year under review, Reliance Mutual Fund launched two schemes Reliance Growth Fund and Reliance Vision Fund. In 2004, RNAM commenced portfolio management services. During the year under review, the company commenced offshore operations in Mauritius by setting up a wholly owned subsidiary, Reliance Asset Management (Mauritius) Limited. In 2005, the company commenced offshore operations in Singapore by setting up a wholly owned subsidiary, Reliance Asset Management (Singapore) Pte Limited. In 2008, the company executed a contract to provide discretionary portfolio management services to the Employees` Provident Fund Organisation (acting through its Central Board of Trustees). Reliance Capital Pension Fund Limited, one of the Group Companies, received a Certificate of Commencement of Business as a pension fund manager from the Pension Fund Regulatory and Development Authority (PFRDA) in 2009 and manages pension assets under the National Pension System (NPS). In 2012, RNAM received the first tranche of investment from Nippon Life Insurance Company, Japan. In 2014, the company`s subsidiary, Reliance AIF Management Company Limited was appointed as the manager` to the Reliance Capital AIF Trust. During the year under review, Reliance Mutual Fund launched a Japan focused open-ended diversified equity scheme under the name Reliance Japan Equity Fund. In 2015, RNAM entered into an investor advisory agreement with Samsung Asset Management (Hong Kong) Limited. During the year under review, Reliance Mutual Fund launched equity-oriented Retirement Fund. During the year under review, Quarterly Average Assets under Management (QAAUM) of Reliance Mutual Fund crossed Rs 1.5 lakh crore. In 2016, the company acquired the asset management rights of 12 schemes being managed by Goldman Sachs Asset Management (India) Private Limited. During the year under review, the company executed a contract to provide discretionary portfolio management services to the Coal Mines Provident Fund Organization (acting through its Board of Trustees). During the year under review, the company`s subsidiary Reliance AIF Management Company Limited was appointed as the manager` to the Reliance Event Opportunities Trust. In 2017, Quarterly Average Assets under Management (QAAUM) of Reliance Mutual Fund crossed Rs 2 lakh crore. RNAM came out with an initial public offer (IPO) during the period from 25 October 2017 to 27 October 2017. The IPO was a combination of fresh issue of 2.45 crore equity shares by the company and offer for sale of a total of 3.67 crore shares by promoter selling shareholders. The stock debuted at Rs 294 on BSE on 6 November 2017, a premium of 16.66% compared to the IPO price of Rs 252 per share. On 11 October 2018, Reliance Nippon Life Asset Management Limited (RNAM) announced that it has received mandate from the Employees` State Insurance Corporation (ESIC) to manage its funds. RNAM already manages mandates from Employees` Provident Fund Organization (EPFO), The Coal Mines Provident Fund Organization (CMPFO) and The Pension Fund Regulatory and Development Authority (PFRDA), thus becoming the only asset manager to manage all the four prestigious mandates. On 20 November 2018, Reliance Mutual Fund (RMF) announced Further Fund Offer 3 (FFO3) of its Central Public Sector Enterprises - Exchange Traded Fund (CPSE ETF). This FFO3 is part of the Government of India`s overall disinvestments program, announced earlier by the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, using the ETF route. On July 13, 2017, Nippon Life Insurance Company (NLI), an existing equity shareholder holding 44.57% stake in the Company acquired an additional 4.43% stake by way of purchase of equity shares from Reliance Capital Limited (RCL). Post this acquisition, the equity stake of NLI in the Company was increased to 49.00%, and subsequently NLI was also classified as one of the Promoters of the Company along with RCL. During the year 2017-18, the Company had allotted 57,60,00,000 number of fully paid up equity shares of face value of Rs.10/- each in August 2017 to the Members of the Company in proportion of 1:50. During the year 2017-18, the Company came out with its initial public offering (IPO) and diluted the 10% post issue capital in favor of the public. Both the promoters of the Company (i.e. RCL and NLI) also participated in the IPO by way of an offer for sale component and diluted part of their holdings in favor of the public. The total IPO size was Rs.1542.24 Crores out of which the Company raised Rs.616.89 Crores as primary subscription and the remaining proceeds of Rs.925.37 Crores were towards offer for sale. During the year 2017-18, the Company has redeemed all the outstanding 30,00,000 number of preference shares, which were issued by the Company in the previous years. During the year 2017-18, Reliance Capital Pension Fund Limited ceased to be a subsidiary of the Company and became Company`s associate company.

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Registered Address

4th Flr Tower A Peninsula Busi, Ganapatrao Kadam Marg L P (W), Mumbai, Maharashtra, 400013

Tel : 91-22-68087000
Email : investorrelation:nipponindiaim.com
Website : https://mf.nipponindiaim.com

Registrar

KFin Techologies Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540767
NSE Code : NAM-INDIA
Book Closure Date (Month) :
BSE Group : A
ISIN : INE298J01013

ICICIdirect Nippon Life India Asset Management Ltd FAQ

You can buy Nippon Life India Asset Management Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Nippon Life India Asset Management Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of May 16, 2022 04:01 PM the closing price of Nippon Life India Asset Management Ltd was ₹ 265.90.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of May 16, 2022 04:01 PM, the market cap of Nippon Life India Asset Management Ltd stood at ₹ 16,539.46.
The latest PE ratio of Nippon Life India Asset Management Ltd as of May 16, 2022 04:01 PM is 22.15
The latest PB ratio of Nippon Life India Asset Management Ltd as of May 16, 2022 04:01 PM is 0.21
The 52-week high of Nippon Life India Asset Management Ltd is ₹ 476.50 while the 52-week low is ₹ 262.30 .
According to analyst recommendations, Nippon Life India Asset Management Ltd has a “Buy” rating for the long term.

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