ECONOMY

Nippon Life Q1 Review – Further Market Share Gains Likely: Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nippon Life India Asset Management Ltd. reported revenue of Rs 3,023 million for Q1 FY22, up 29.7% YoY and 0.1% QoQ (3.6% below our estimate).

Nippon Life’s YoY revenue growth was driven primarily by healthy mutual fund assets under management growth of 33.5% YoY (up 5.1% QoQ).

Quarterly average assets under management market share improved by 13 basis points QoQ to 7.25%.

Equity AAUM (including exchange-traded funds) grew by 48% YoY and 6.9% QoQ. Debt AAUM (excluding liquid) was down 14.1% YoY (up 5.7% QoQ).

To some extent, the decline in debt AUM indicates normalisation of risk aversion seen last year.

Click on the attachment to read the full report:

Nirmal Bang Nippon Life India Asset Management Ltd-Q1FY22 Result Update- 20 July 2021.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button