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O 502

H 502

L 502

VOL 696

Nippon Life India Asset Management Performance

Days Range

Low: ₹502.00
High: ₹512.65
Previous Close ₹504.15
Open ₹502.00
Volume 67,436
Day’s Range ₹502.00 - ₹512.65
52W Range ₹196.90 - ₹541.40
Market Cap ₹31,615 Cr

Fundamentals of Nippon Life India Asset Management

ROCE (TTM) 31.33%
P/E Ratio (TTM) 32.85
P/B Ratio 8.85
Industry P/E 19.14
Debt to Equity NA
ROE 24.76%
EPS (TTM) 15.3
Dividend Yield 2.27%
Book Value 57
Face Value 10

Financials of Nippon Life India Asset Management

Mar 2023Jun 2023Sep 2023Dec 2023
Expenses148.82161.09164.97172.34
Profit before tax239.21309.93310.39358.05
Operating Profit197.74235.37244.25284
Net Profit197.74235.37244.25284
EPS in Rs3.183.783.924.54

About Nippon Life India Asset Management

History of Nippon Life India Asset Management Limited 

Incorporated on February 24, 1995, Nippon Life India Asset Management Limited offers investment management services across several asset classes to Nippon India Mutual Fund investors and portfolio management and advisory services to the customers. 

The company was incorporated as Reliance Capital Asset Management Limited. In 1995, the company was approved as an Asset Management Company (AMC) to the Reliance Mutual Fund (formerly known as Reliance Capital Mutual Fund). In 2004, they started their Portfolio Management Services (PMS). In the same year, they started their offshore operations in Mauritius. Later, in the next year, they established in Singapore. 

In 2012, the company got the first tranche of investment from Nippon Life. In 2015, the company’s name was changed to Reliance Nippon Life Asset Management Limited, which was renamed as Nippon Life India Asset Management Limited in 2019. In 2017, the company went public and got listed on the exchanges.  

As of March 2023, Nippon Life India Asset Management Limited is available in 270 locations and has about 1.35 crore unique investors. The company has a presence in Singapore, Japan and Dubai as well. The targeted business segments of Nippon Life India Asset Management Limited are Large Corporate Groups, Banks, Financial Institutions, Mid-size Corporates, HNI Investors, PSU Banks, Old Private Banks, Co-operative Banks, Gold Loan Companies, Small Finance Banks, etc. 

Business Segments of Nippon Life India Asset Management Limited 

The products offered by the company are as follows:

  • By Asset Class: Under this, they offer various mutual funds based on the asset classes, such as equity funds, debt funds, gold funds and liquid funds.
  • Retirement Funds: Under this, the company provides mutual funds schemes that are good for long-term tax saving and pension. 
  • ETF: Under this, they offer various types of ETFs as well. 
  • New Fund Offers (NFO) and Further Fund Offers (FFO): Under this scheme, investors can subscribe to the New Fund Offers and Further Fund Offers. 

The services offered by the company are available on their website and also their mobile app. As of March 2023, they have about 42 active mutual fund schemes, 41 passive mutual fund schemes and 4 offshore mutual fund schemes. 

As of March 31, 2023, the subsidiaries of Nippon Life India Asset Management Limited are as follows:

  • Nippon Life India AIF Management Limited: This wholly-owned subsidiary of the company offers diversified investment options through several unique offerings around various asset classes. 
  • Nippon Life India Asset Management (Singapore) Pte. Limited: This wholly-owned subsidiary of the company carried out fund management activities in Singapore under the Securities and Futures Act (SFA). 

Key Personalities of Nippon Life India Asset Management Limited

Sundeep Sikka, Executive Director and Chief Executive Officer

Sundeep Sikka has been the Executive Director and Chief Executive Officer of Nippon Life India Asset Management Limited since 2009. He joined the company in 2003 and held various leadership roles. He also held the Chairman and Vice-Chairman roles of the industrial body Association of Mutual Funds in India (AMFI).

Parent Organisation Indian Private
Founded 1995
Managing Director U K Sinha
NSE Symbol NAM-INDIA

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FAQs

What is the Share price of Nippon Life India Asset Management (NAM-INDIA)?

Nippon Life India Asset Management (NAM-INDIA) share price as of February 26, 2024, on NSE is Rs 510.95 (NSE) and Rs 506.50 (BSE) on BSE.

Can I buy Nippon Life India Asset Management (NAM-INDIA) shares?

Yes, You can buy Nippon Life India Asset Management (NAM-INDIA) shares by opening a Demat account with Angel One.

How do I buy Nippon Life India Asset Management (NAM-INDIA) from Angel One?

Nippon Life India Asset Management (NAM-INDIA) share can be brought through the following modes:
  1. Direct investment: You can buy Nippon Life India Asset Management (NAM-INDIA) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Nippon Life India Asset Management (NAM-INDIA) shares.

Is Nippon Life India Asset Management a Debt free Company?

Yes, Nippon Life India Asset Management is a debt free company.

What is the main business of Nippon Life India Asset Management?

The main business of Nippon Life India Asset Management is to serve as the fund manager to Nippon India Mutual Fund (NIMF).

Who are the promoters of Nippon Life India Asset Management?

The main promoters of Nippon Life India Asset Management are Nippon Life Insurance Company with a 73.68% shareholding as on September 2022.

What are the Subsidiaries that comes under Nippon Life India Asset Management?

The main subsidiaries that come under Nippon Life India Asset Management are Nippon Life India Asset Management (Singapore) Pte. Ltd., Nippon Life India AIF Management Ltd., and Nippon Life India Asset Management (Mauritius) Ltd.