Over the past month, shares of HDFC AMC and NAM have rallied 13 per cent and 16 per cent, respectively, BSE data showed.
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
On Friday, Ather allocated shares worth Rs 1,340 crore to anchor investors
The revenue from operations rose to ₹566.5 crore from ₹468.3 crore in January-March 2024
Its average AUM in the quarter ending March 2025 stood at Rs 5.6 trillion compared to Rs 4.3 trillion in the quarter ending March 2024
Invesco Mutual Fund on Thursday announced the launch of Invesco India Business Cycle Fund, a scheme that will invest in equities with a focus on riding business cycles through dynamic allocation
Nippon Life India Asset Management share slipped 5.38 per cent at Rs 618.70 a piece on the BSE in Friday's intraday trade
Motilal Oswal Financial Services initiated coverage on NAM India with a BUY rating and a one-year target price of Rs 900.
The transactions were registered with the inspector general of registration (IGR) on November 21
Shares of Nippon Life AMC surged up to 6.38 per cent, at Rs 675.05 per share on the BSE in Monday's intraday deals.
Robust performance buoyed by soaring AUM and stellar equity performance
Shares of the company closed at Rs 586, with a gain of Rs 24, or 4.3 per cent
Nippon Life India Asset Management Ltd on Wednesday reported its highest-ever quarterly profit after tax (PAT) at Rs 343 crore for the March quarter, marking a 73 per cent jump from the year-ago period. The company had posted a PAT of Rs 198 crore in the year-ago period, the asset management firm said in a stock exchange filing. Total income rose to Rs 560.57 crore during the fourth quarter of FY24 from Rs 388.03 crore in the year-ago period. Reacting to the strong quarterly performance, shares of Nippon Life India Asset Management surged 11 per cent to hit their 52-week high at Rs 623.40 in the intra-day trade on the BSE. Also, the company's board has recommended a final dividend of Rs 11 per equity share for the financial year ended March 31, 2024. With this, the total dividend for 2023-24 will be Rs 16.50 per share, including the interim dividend of Rs 5.50 apiece distributed in November 2023. Nippon Life India Asset Management is the asset manager of Nippon India Mutual Fund.
Compared to the second quarter, the profit is up 16 per cent, while the revenue from operations has risen 6.5 per cent
According to reports, IndusInd Bank was seeking to divest 2.86 per cent stake in Nippon AMC
The investment objective of the scheme is to generate capital appreciation from a portfolio predominantly invested in equity and equity-related instruments
Among individual stocks, HDFC AMC was locked at the temporary 10 per cent upper limit; Nippon Life India AMC surged 11 per cent in Friday's intra-day trade.
Revenues from operations rose 3 per cent during the quarter to Rs 348 crore
Total income rises 5% to Rs 416 crore
By chasing profit over rapid expansion, companies have conserved capital, making them attractive for potential buyers