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  • MF News Nippon India AMC’s Q1 profit rises 16% to Rs 182 crore

    Nippon India AMC’s Q1 profit rises 16% to Rs 182 crore

    Revenues went up 10% to Rs 369 crore during the quarter
    Team Cafemutual Jul 21, 2021

    Nippon Life India AMC on Monday reported a 16% year-on-year rise in net profit at Rs 182 crore for the first quarter (Q1) of FY 2022. Last financial year, the company had reported a profit of Rs 165 crore for the same quarter.

    The profit is 9% higher when compared with the data from last quarter (Q4 FY 2021), when the AMC had posted a profit of Rs 167 crore.

    During the period, the company's revenue went up 10% to Rs 369 crore as compared to Rs 336 crore a year ago.

    Sundeep Sikka, ED & CEO, NAM India, said: "In this quarter, we increased our market share and overall investor base, led by a keen retail-driven approach, robust product suite and, dedicated efforts to grow across all asset categories".

    The AMC said its average assets under management (AAUM) for Q1 was Rs 2.4 lakh crore, which is 13% higher than same quarter last year. Of this figure, 28% (Rs 99,579 crore) is retail AUM. The company’s unique investor base went up by 14 lakh in a year to 75 lakh at the end of June 2021.

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    1 Comment
    NEERAJ KUMAR · 2 years ago `
    ????What's gain for Nippon MF's unit's Holders in 10 Ysr....??...!!.. ????NIL ????? ???????...!! Specially in Diversify Power/Infrastructure fund/Vision Fund... In comparison of Sensex/NIFTY/INDEX GROWTH..??..
    THESE 16% EXTA Profits are only of Unit's Holders Investment's Parts & as well as of in a Large Extents for Mutual Fund's Investment's Individual's Advisor-IFA/ARN/EUIN HOLDER'S Swat's & ????? ????? & Mental Ability's with Spock enjoy Power's. What's Nippon India MF AMC is going to do for Apprisals to Boths his KEY-ENTITIES ...??..!!! ????????
    NOW I felt that all AMC's in MF Industries are Promoting Fully Direct mode of Transactions & their full intentions is Reflected when you use their Customer's Apps/Web sites as a customer you must Find that in Transactions Part... When U going to Switches or Furthermore Investment's Direct mode will must be ON/MARKED-CIRCLE appeared BY defaults whereas that Profile's Folio was Transacted/created by an ARN/EUIN HOLDER'S & Where as the Previous/Latest ARN/EUIN Code should must be appear by default & let beInvestor's should be decide what's his wants an Advisor-IFA or Direct...?????????????????? that's all. Hopefully the you all considered this?????????????????% Facts of "The Theft & THREAT's of Online Transactions" on behalf of Mutual Fund's Investment's Individual's Advisor-IFA. Because, they approximately All are incompatible to Creat an online Platform with Secured Increpted with his ARN/EUIN CODE to secured thier customers in Permanente ways. Many Apps are available for aniline platform, but all are at last THIEVES OF INVESTOR'S at lastly found ????%????. Also in this matter AMFI didn't taking any ACTION AGAINST AMC's, their Rule Regulations are only Pro_MFs AMC's & in some extents anty-Mutual Fund's Individual Advisor-IFA . (Who's a only Heavy Duty chargers for IFA's by name of Registrations & Renewals of ARN/EUIN & DRAMAS OF TRAINING for Renewals of ARN code on Every 3-years, whereas AMC's are regularly giving online Sessions to Advisor-IFAs undes their Sales Promotions Expences. Than what's need to take such Heavy Charges by name of UPTO DATE Acknowledgements.
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