Nippon India AMC added 9 lakh unique investors in Q4, profit up by 64%

Nippon India Asset Management, asset manager of Nippon India Mutual Fund, announced its financial results for the quarter and year ended March 31, 2021. The company said that Nippon India Mutual Fund added over 9 lakh unique investors vs 20 lakh added by the mutual fund industry in the last year. The AMC said that the FY21 profit after tax stood at Rs 680 crore0 up 64%.

Sundeep Sikka, ED & CEO, NAM India, said, “In FY21, we continued our journey towards strong profitable growth, and remain focused on longer term returns, while expanding our investor base. I am very happy to state that NAM India recorded its highest-ever profit driven by robust asset growth, and better operating efficiencies”. Sikka added that, “The AMC said that the “Investor First” philosophy remains at our very core. By expanding our reach into growth-oriented geographies globally, we will enable domestic & foreign investors to achieve portfolio diversification and superior risk-adjusted returns. As a conscious corporate citizen, we have begun the journey to wholeheartedly embrace the concept of ‘responsible investing’. By incorporating ESG principles across all facets of business, we aim for sustainable, long term value creation.”

As on March 31, 2021, NAM India’s assets under management was Rs. 3,55,053 crore (US$ 48.0 billion). For the quarter ended March 31, 2021, NIMF’s average assets under management was Rs. 2,28,586 crore (US$ 30.9 billion) – an increase of 12%. The share of Equity Assets rose to 40.6% of NIMF’s AUM as against 39.1% for the quarter ended December 31, 2020.

The AMC also said that as on March 2021, NIMF’s AUM of Rs. 41,260 crore (US$ 5.6 billion) from ‘Beyond the Top 30 cities’ category. This segment forms 18% of NIMF’s AUM vis-à-vis 16% for the Industry. Individual AUM was Rs. 115,090 crore (US$ 15.6 billion) and contributed 50% to NIMF’s AUM. In the same time, NIMF is one of the largest ETF players with AUM of Rs. 37,372 crore (US$ 5.1 billion) and a market share of 13%.


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