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Nippon Life India Asset Management (NAM India) reported flat growth in its profit after tax. Its profits increased to Rs.715 crore in FY 2022-23 compared to Rs.711 crore in FY 2021-22.
In terms of the latest quarterly Average AUM, Nippon India MF moved up to be the fourth largest fund house last financial year with AUM of 3.62 lakh crore.
The company claims to have one of the largest retail assets in the Industry with AUM of Rs. 85,361 crore.
In a press release, Sundeep Sikka, ED & CEO, NAM India, said “We exhibited strong growth in various segments, particularly in Individual AUM - both retail and HNIs, systematic investments, business from B-30 cities. We are humbled and honoured to have the trust of 1.35 crore investors, highest in the Industry.”
