Nippon Life India Asset Management Ltd News

Deutsche's DWS, Nippon Life in early talks for India asset management deal

Nippon Life became DWS's second-largest investor after it bought its 5 per cent stake when Deutsche Bank listed DWS in 2018. Deutsche retained control with 79 per cent

Nippon Life AMC Q4 net profit falls 13% to ₹298.6 cr, dividend announced

The revenue from operations rose to ₹566.5 crore from ₹468.3 crore in January-March 2024

AMC stocks in focus; HDFC, UTI, NAM, Aditya Birla Sun Life rally up to 9%

HDFC AMC share price surged 7% after it reported a steady set of results in Q4FY25 amid steady market share and yields across asset classes

NAM India Q3FY25 results: Net profit increases 4% to Rs 295.4 crore

Nippon Life India Asset Management (NAM India) on Thursday reported a 4 per cent increase in profit after tax to Rs 295.4 crore for three months ended December 2024. The company had a profit after tax (PAT) of Rs 284.3 crore in the year-ago period, NAM India said in a regulatory filing. Revenue from operations rose by 39 per cent to Rs 587.9 crore during the period under review from Rs 423.3 crore for the third quarter ended December 31, 2023. "We witnessed a continued increase in overall market share with key positives being net sales and SIP (Systematic Investment Plan) market share remaining above equity market share as well as an increase in SIP flows despite adverse market movements. "We are humbled to have the trust of 20 million unique investors, i.e. over 1 in every 3 mutual fund investors, highest in the industry," Sundeep Sikka, ED & CEO of NAM India, said. As of December 2024, NAM India has assets under management of Rs 6.56 lakh crore, including Nippon India Mutual ...

Asset Management Company shares rally up to 7% on HDFC AMC's strong Q3 nos

Shares of HDFC AMC surged 6% to Rs 4,112.90 after the company' profit after tax grew 30.8% annually to Rs 641.8 crore, despite other income declining 34.5% YoY in Q3FY25

Reliance Nippon Life in talks with IndusInd Bank on bancassurance tie up

Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it. "IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely clear about promoting the insurance business. This augurs very well for the business and policyholders as IIHL has a very strong capital base and a solid global aspiration in BFSI space," Reliance Nippon Life Insurance CEO Ashish Vohra told PTI. Hinduja Group company IIHL is expecting to complete the acquisition of RCAP by next month nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan. "Bancassurance was a missing link in our structure and we have started exploring the possibility with IndusInd Bank and we are .

Nifty trading strategy, 2 stocks to buy by Vinay Rajani of HDFC Securities

Nifty today: The short-term trend on Nifty index is still bullish as it is placed above its 5, 10 and 20 days EMAs

NAM India surges 9%, hits new high; market cap touches Rs 50,000 crore

Motilal Oswal Financial Services initiated coverage on NAM India with a BUY rating and a one-year target price of Rs 900.

Nippon Life India acquires commercial spaces worth Rs 486 crore in Mumbai

The transactions were registered with the inspector general of registration (IGR) on November 21