Nippon Life AMC Reports 4% Profit Rise Amid Market Challenges

MUMBAI, India — Nippon Life India Asset Management (NAM India) reported a 4% increase in profit after tax (PAT) to Rs 295.4 crore for the quarter ending December 2024, up from Rs 284.3 crore in the same period last year, according to a regulatory filing on Thursday.

The company’s revenue from operations surged by 39% to Rs 587.9 crore, compared to Rs 423.3 crore in the third quarter of 2023. Despite challenging market conditions, NAM India maintained its market share, with net sales and Systematic Investment Plan (SIP) flows showing resilience.

“We are humbled to have the trust of 20 million unique investors, i.e., over 1 in every 3 mutual fund investors, the highest in the industry,” said Sundeep Sikka, Executive Director and CEO of NAM India. He attributed the growth to the company’s strong SIP market share and consistent investor confidence.

As of December 2024, NAM India’s assets under management (AUM) stood at Rs 6.56 lakh crore, including Rs 5.7 lakh crore under Nippon India Mutual Fund. The company’s performance reflects its ability to navigate market volatility while expanding its investor base.

The financial results come amid a broader industry trend of increasing SIP contributions, which have become a key driver of growth for asset management companies in India. NAM India’s focus on retail investors and its robust product portfolio have positioned it as a leader in the mutual fund sector.