Nippon Life India Asset Management Limited (NAM-INDIA)
₹1,065.30 -2.16% last close, 16 Oct
Q2 FY27 results
📅 Next results: 22 Oct 2026 (board meeting)Nippon Life India Asset Management Limited's board meets on 22 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Nippon Life's net interest income was ₹765 Cr (+430.7% year on year), and net profit ₹504 Cr (+27.2% year on year).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹765 | +430.7% | — |
| Operating profit | ₹664 | +26.8% | — |
| Net profit | ₹504 | +27.2% | — |
| EPS (₹) | 7.89 | +26.4% | — |
NAM-INDIA delivery percentage and open interest
NSE end-of-day data for
On Fri, 16 Oct 2026, 41.8% of the NAM-INDIA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 52.55%. The price fell 2.16% on unusually low delivery. In NAM-INDIA futures, open interest fell 2.17% while the futures price fell 2.59%: long unwinding (longs closing out).
Delivery in the last 5 sessions: 37.6% · 43.7% · 56.7% · 35.7% · 41.8%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Nippon Life India Asset Management Limited announced an unsolicited ESG rating revision by SES ESG Research Private Limited. The company's ESG score was revised marginally downward to 75.7 from 77. The decline was attributed to environmental and social parameters based purely on publicly available data, as the company had not engaged SES ESG for the evaluation.
- ESG score revised to 75.7 from 77 by SES ESG Research
- Score reduction attributed specifically to environmental and social parameters
- Report received by the company on September 27, 2026
- Independent evaluation conducted without engagement or mandate from NAM-INDIA
Nippon Life India Asset Management Limited has scheduled participation in the PL Capital Mid & Small Cap Conference 2026. The event will take place in Mumbai on September 28-29, 2026, featuring in-person one-on-one and group meetings. As a routine investor relations intimation, no material non-public financial information is expected to be shared. The company holds a market cap of Rs 73,536 Cr and reported TTM revenue of Rs 3,165 Cr.
- Conference name: PL Capital Mid & Small Cap Conference 2026
- Dates scheduled: September 28-29, 2026
- Format: In-person one-on-one and group meetings in Mumbai
Nippon Life India Asset Management has informed the exchanges that Niche Ninety Nine Capability and Certifications (OPC) Private Limited, a SEBI-registered ESG Rating Provider, assigned an ESG rating of 69.16 to the company. The company clarified that it did not engage the agency, and the rating was prepared independently based on publicly available data. As an unsolicited ESG scoring, this development has zero impact on company fundamentals, cash flows, or financial operational metrics.
- SEBI-registered agency assigned an ESG rating score of 69.16
- Rating was issued by Niche Ninety Nine Capability and Certifications (OPC) Private Limited
- Unsolicited assessment prepared independently using public domain data without company engagement
- Filing submitted under SEBI Regulation 30 read with Master Circular dated January 30, 2026
Nippon Life India Asset Management Limited's Allotment Committee approved the allotment of 1,67,994 equity shares of face value Rs 10 each on September 15, 2026. The allotment spans three employee incentive schemes: ESOP 2019 (1,53,768 shares), ESOP 2023 (4,538 shares), and PSU 2023 (9,688 shares). Following this issuance, the company's paid-up equity share capital increases from 63,97,81,566 shares to 63,99,49,560 shares. The dilution represents approximately 0.026% of the company's total equity base.
- Allotment of 1,67,994 equity shares of face value Rs 10 approved on September 15, 2026
- 1,53,768 shares issued under NAM INDIA ESOP 2019 across grant prices of Rs 223.32, Rs 247.60, and Rs 372.71
- 4,538 shares issued under NAM INDIA ESOP 2023 at grant prices of Rs 499.76 and Rs 577.79
- 9,688 shares issued under NAM INDIA PSU 2023 at Rs 10 per share
- Paid-up equity share capital expanded to 63,99,49,560 shares (Rs 6,39,94,95,600)
Nippon Life India Asset Management has informed the exchanges regarding its scheduled participation in the BofA Securities 2026 Asia Pacific Conference on September 24, 2026. The meeting will take place in-person in Hong Kong as one-on-one and group sessions. As a pure scheduling intimation under Regulation 30, it involves no immediate operational or financial changes for the ₹74,039 Cr market cap asset manager.
- Meeting date scheduled for September 24, 2026
- Event: BofA Securities 2026 Asia Pacific Conference
- Format: In-Person One on One / Group Meeting in Hong Kong
- Filing submitted under Regulation 30 on September 11, 2026
Nippon Life India Asset Management has informed exchanges regarding its upcoming participation in the Anand Rathi G-200 Summit 2026. The in-person institutional investor meeting is scheduled to take place in Mumbai on September 22, 2026, comprising one-on-one and group interactions. This is a procedural disclosure under Regulation 30, with no material financial developments or corporate actions announced. The company holds a market cap of ₹74,466 crore with TTM revenue of ₹3,165 crore.
- Scheduled date for investor meeting: September 22, 2026
- Attending the Anand Rathi G-200 Summit 2026 in Mumbai
- Format includes both One on One and Group Meeting sessions
- Intimation submitted on September 9, 2026 pursuant to Regulation 30
Nippon Life India Asset Management released its Sell-Side Analyst Group Meeting presentation highlighting key business metrics for Q1 FY27. Total AUM stood at ₹8.62 trn (Mutual Funds at ₹7.49 trn), with market share rising to 9.04%, up 176 bps over 3 years. Q1 FY27 PAT was reported at ₹5.04 bn (+27% YoY), supported by systematic flows of ₹110.3 bn for the quarter and an active SIP AUM of ₹1.84 trn (+20% YoY). The company now manages over 40.2 mn folios and 24.1 mn unique investors.
- Closing AUM for Q1 FY27 reached ₹8.62 trn, with Mutual Fund AUM at ₹7.49 trn and Managed Accounts at ₹975 bn
- Quarterly Average AUM (QAAUM) market share expanded to 9.04% in Q1 FY27, gaining 176 bps over a 3-year period
- Q1 FY27 PAT stood at ₹5.04 bn, registering growth of 27% YoY and 31% QoQ
- SIP AUM reached ₹1.84 trn (+20% YoY), with quarterly systematic inflows reaching ₹110.3 bn across 10.9 mn SIP folios
- Unique investor base expanded to 24.1 mn, representing more than 1 in 3 mutual fund investors in India
Nippon Life India Asset Management Limited has scheduled an in-person institutional investor interaction on September 3, 2026. Company representatives will participate in one-on-one and group meetings at the Ashwamedh – Elara India Dialogue 2026 conference in Mumbai. This is a routine intimation submitted pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, with no financial or operational disclosures made in the filing.
- Participation scheduled for September 3, 2026
- Conference: Ashwamedh – Elara India Dialogue 2026 in Mumbai
- Format involves in-person one-on-one and group meetings
- Routine regulatory compliance filing pursuant to SEBI LODR Regulation 30
Nippon Life India Asset Management Limited has scheduled an in-person sell-side analyst group meeting on August 31, 2026, in Mumbai. This is a routine institutional engagement intimation under Regulation 30 of the SEBI Listing Regulations. The meeting comes as the company maintains a market cap of ₹79,381 Cr and a TTM revenue base of ₹3,165 Cr. No unpublished price sensitive information is expected to be shared.
- Scheduled date for analyst meeting: August 31, 2026
- Meeting format: In-person group meeting in Mumbai
- Target audience: Sell-side analyst group
- Filing date: August 24, 2026
Nippon Life India Asset Management Limited has approved the allotment of 63,529 equity shares of face value Rs. 10 each pursuant to its ESOP 2019, ESOP 2023, and PSU 2023 schemes. Post-allotment, the company's paid-up equity share capital increased from 63,97,18,037 shares to 63,97,81,566 shares. Total consideration received across all option exercises stands at approximately Rs. 2.49 crore. The newly issued equity shares will rank pari passu with existing shares in all respects.
- Allotted 63,529 equity shares of face value Rs. 10 each on August 21, 2026.
- Issued 42,023 shares under ESOP 2019 at Rs. 372.71 per share, raising Rs. 1.57 crore.
- Issued 17,838 shares under ESOP 2023 (13,763 at Rs. 499.76 and 4,075 at Rs. 577.79), raising Rs. 92.33 lakh.
- Paid-up share capital expanded to Rs. 6,39,78,15,660 comprising 63,97,81,566 equity shares.
Nippon Life India Asset Management Limited announced its schedule to participate in an in-person Non-Deal Roadshow organized by Nomura in Tokyo on August 24-25, 2026. The event will involve one-on-one and group meetings with institutional investors and analysts. As a standard compliance filing under Regulation 30, no unpublished price-sensitive information or financial transactions were disclosed.
- Non-Deal Roadshow scheduled for August 24-25, 2026
- Meeting location: Tokyo (In-Person format)
- Interaction type includes One-on-One and Group meetings organized with Nomura
- Filing submitted in compliance with SEBI LODR Regulation 30
Nippon Life India Asset Management Limited (NAM-INDIA) has allotted 422,140 equity shares to employees following the exercise of options under its 2019 and 2023 schemes. The allotment, approved on August 12, 2026, resulted in the company receiving approximately ₹12.19 crore in total consideration. This exercise leads to a marginal equity dilution of approximately 0.066%. The paid-up equity share capital now stands at 63,97,18,037 shares.
- Allotment of 422,140 equity shares of face value ₹10 each approved on August 12, 2026
- Total consideration received from employees amounts to ₹12,18,88,030.78
- Grant prices for the allotments ranged from ₹10.00 to ₹577.79 per share
- Paid-up equity share capital increased from 63,92,95,897 to 63,97,18,037 shares
- Largest single allotment block consisted of 264,173 shares at a grant price of ₹223.32
Nippon Life India Asset Management Limited (NAM-INDIA) has been assigned an Environmental, Social, and Governance (ESG) rating of '74', placing it in the 'Leader' category. The rating was issued by NSE Sustainability Ratings and Analytics Limited, a SEBI-registered provider, on August 11, 2026. Notably, this was an independent assessment based on public data, as the company did not formally engage the agency for this rating. While this does not impact the company's TTM revenue of Rs 2,831 Cr, it strengthens its standing among ESG-conscious institutional investors.
- Assigned an ESG score of 74, categorized as a 'Leader' by NSE Sustainability.
- Rating received on August 11, 2026, following an independent review of public domain data.
- The company did not engage the rating provider, ensuring the assessment was unsolicited and independent.
- NAM-INDIA maintains a significant market presence with an 8.51% AUM market share as of Sep-2025.
Nippon Life India Asset Management Limited (NAM-INDIA) has scheduled an in-person participation at the Motilal Oswal 22nd Annual Global Investor Conference in Mumbai on August 17, 2026. The company representatives will engage in one-on-one and group meetings with institutional investors. This is a routine disclosure under SEBI regulations. The company currently maintains a strong financial profile with a TTM PAT of ‡1,440 cr and an operating margin of 67.2%.
- Meeting scheduled for August 17, 2026, in Mumbai.
- Participation in the Motilal Oswal 22nd Annual Global Investor Conference.
- Company manages an 8.51% AUM market share as of September 2025.
- TTM Revenue stands at ‡2,831 cr with a high ROCE of 45.0%.
Crisil ESG Ratings has assigned Nippon Life India Asset Management Limited (NAM-INDIA) an ESG rating of 'Crisil ESG 70', placing it in the 'Strong' category. The company also received a 'Crisil Core ESG' rating of 73. Notably, this was an unsolicited rating based on public domain data rather than a formal engagement by the company. For a firm with a market capitalization of ₹70,698 Cr, these ratings are critical for attracting ESG-focused institutional capital.
- Assigned an Environmental, Social, and Governance (ESG) rating of 'Crisil ESG 70'
- Received a 'Crisil Core ESG' rating of 73
- Classified under the 'Strong Category' by Crisil ESG Ratings
- Rating was independently prepared by the agency using public data as of July 24, 2026
- Company manages a TTM PAT of ₹1,440 Cr with a high OPM of 67.2%
Financial Performance
Revenue Growth by Segment
Total income grew 24% YoY to INR 2,521 Cr in FY25. ETF QAAUM grew 38% YoY to INR 1.54 trn. International managed AUM grew 13% YoY. AIF fresh inflows grew 120% (2.2x) to INR 1,300 Cr in FY25.
Geographic Revenue Split
Primarily domestic India with 271 locations. International managed AUM stands at INR 161 bn (approx 2.1% of total AUM) across Singapore, Japan, and Dubai. B-30 assets contribute INR 1.32 trn to total AUM.
Profitability Margins
Profit for FY25 stood at INR 1,286 Cr, up 16% YoY, representing a net margin of 51%. Operating profit for Q2 FY26 grew 15% YoY to INR 4.19 bn.
EBITDA Margin
Operating profit grew 18% YoY in H1 FY26. Core operating profit for Q2 FY26 was INR 4.19 bn, up 11% QoQ, driven by AUM market share gains to 8.51%.
Capital Expenditure
Utilized INR 396 Cr out of INR 617 Cr IPO proceeds by March 2025 for IT infrastructure, branch expansion, and brand building. INR 221 Cr remains for strategic initiatives.
Credit Rating & Borrowing
Maintains high credit quality; ICRA ratings for schemes like Nippon India Overnight Fund are monitored for credit quality of underlying investments. No corporate debt disclosed.
Operational Drivers
Raw Materials
Not applicable (Service Industry). Primary cost drivers are Employee Benefit Expenses (17% of revenue) and Fee/Commission expenses (2.8% of revenue).
Key Suppliers
Key distribution partners include 1,19,200+ empanelled distributors, including foreign banks, Indian private/public banks, and digital platforms.
Capacity Expansion
Current capacity includes 34.9 mn folios and 271 physical locations. Expansion focus is on Tier 3 and Tier 4 cities, though physical growth is slowing due to a surge in digital transactions.
Raw Material Costs
Employee benefit expenses rose 28% YoY to INR 429 Cr in FY25. Fee and commission expenses increased 16% YoY to INR 72 Cr.
Manufacturing Efficiency
Achieved highest ever quarterly Operating Profit of INR 4.19 bn in Q2 FY26. Market share reached 8.51%, the highest since June 2019.
Logistics & Distribution
Distribution costs (Fee and Commission) stood at INR 72 Cr in FY25, up 16% YoY, supporting a network of 1,19,200+ distributors.
Strategic Growth
Expected Growth Rate
20%
Growth Strategy
Leveraging Nippon Life Insurance Japan's global network for international tie-ups; expanding into AIF, GIFT City, and Specialized Investment Funds; focusing on B-30 cities where assets have higher persistency and profitability.
Products & Services
Mutual Fund schemes, Alternate Investment Funds (AIF), Portfolio Management Services (PMS), Exchange Traded Funds (ETFs), and Offshore Funds.
Brand Portfolio
Nippon India Mutual Fund (NIMF), Nippon India AIF, Nippon India PMS.
New Products/Services
Launched Nippon India SHARP Equity Fund (Long Short) and Digital Innovation Fund 2B (Fund of Funds). ETF QAAUM grew 38% YoY to INR 1.54 trn.
Market Expansion
Expanding presence in Japan, Taiwan, Thailand, and Europe. GIFT City operations reached INR 2.7 bn AUM by Sep-2025.
Market Share & Ranking
8.51% AUM market share as of Sep-2025; fastest growing AMC among the Top-10 AMCs in H1 FY26.
Strategic Alliances
Promoted by Nippon Life Insurance Company (72.43% stake). Collaboration with Xtrackers (DWS) for the India Government Bond Fund.
External Factors
Industry Trends
Shift toward passive products (ETF AUM up 38% YoY) and systematic investing (SIP flows at all-time high of INR 294 bn in Sep-2025). Industry is evolving toward digital-first distribution.
Competitive Landscape
Intense competition from other AMCs, PMS, AIFs, insurance products, and bank fixed deposits for a share of household savings.
Competitive Moat
Promoter Nippon Life (Japan) provides a global network and institutional trust. Moat is sustained by a de-risked distribution model with 1,19,200+ distributors, reducing reliance on any single banking channel.
Macro Economic Sensitivity
Sensitive to inflation impacts on household savings and corporate earnings, which can reduce investable surplus for mutual funds.
Consumer Behavior
Increasing adoption of passive products by HNI investors and a rising culture of direct investing among retail participants.
Geopolitical Risks
Geopolitical risks identified as a threat that could impact equity flows and market stability.
Regulatory & Governance
Industry Regulations
Subject to SEBI regulations regarding fees, charges, and exit loads. Recent SEBI consultation papers on regulatory changes are being monitored for impact on TER.
Taxation Policy Impact
Compliant with Companies Act 2013 and Indian Accounting Standards (Ind AS). FY25 tax details not explicitly disclosed beyond standard compliance.
Risk Analysis
Key Uncertainties
Regulatory changes to fee structures could impact revenue by 10-15% if implemented as proposed in consultation papers. Competition risk from new foreign asset managers.
Geographic Concentration Risk
Pan-India presence with 271 locations; B-30 assets represent a significant portion of the retail AUM base.
Third Party Dependencies
High dependency on 1,19,200+ empanelled distributors for AUM sourcing and SIP flow maintenance.
Technology Obsolescence Risk
Mitigated by robust cyber security systems and ISO 9001:2008 certification; digital transactions now dominate the ecosystem.
Credit & Counterparty Risk
Credit risk exposure in fixed income and AIF portfolios; monitored through internal risk ratings and quantitative assessments.
