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Nippon Life India AMC (NAM India) announced a 107% annual rise in PAT in June 2023 financial results. The net profit rose to Rs 236 crore and its operating profit stood at Rs 193 crore.
The financial results further reveal that Nippon India MF retained its fourth ranking in terms of quarterly average AUM. The fund house managed Rs 3.14 lakh crore assets for 1.44 crore unique investors, which it claimed to be 37% of the total investor base. Also, it currently has a SIP book Rs 1,220 crore.
Talking about the overall performance, Sundeep Sikka, ED and CEO, NAM India said in a press release, “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.”
He added, “We are honoured and privileged to have the trust of 1.41 crore unique investors i.e. one in every three mutual fund investors - highest in the Industry.”
