1 week Ago By Motilal Oswal Financial Services
Nippon Life’s market share for quarterly average assets under management rose 30bp YoY to ~8.3%, with equity market share rising 10bp YoY to ~6.9%.
ETF market share continues to surge and was up 236bp YoY at 19.1% with Nippon Life maintaining a dominant position in this space. The share of Equity/ ETFs in MF AUM improved 60bp/170bp YoY to 49.
8%/ 27.6%. However, the share of debt/liquid declined to 15.
0%/7.6% and a softer interest rate regime will drive growth for this segment.NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.Motilal Oswal ReportNippon Life India Asset Management Ltd. has shown continued market share expansion, especially in passives on the back of improvement in fund performance, maintaining investor stickiness and product innovation.
While the yields on the equity segment are expected to decline at a relatively moderate pace, the decline in overall yields will be protected by strong net flows. We broadly retain our earnings estimates, keeping our AUM assumptions intact and accounting for expense growth according to the management guidance. We reiterate our Buy rating on the stock with a target price of Rs 750, based on 34 times FY27E core earnings per share.
Click on the attachment to read the full report:Nippon Life India Asset Management Q4 Results: Profit Down 13%DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit.Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
. Read more on Research Reports by NDTV Profit..
