01-01-1970 12:00 AM | Source: Accord Fintech
Nippon Life inches up after its arm partners with DWS
News By Tags | #1683 #580 #6355 #1833 #572

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Nippon Life India Asset Management is currently trading at Rs. 298.00, up by 0.25 points or 0.08% from its previous closing of Rs. 297.75 on the BSE.

The scrip opened at Rs. 297.75 and has touched a high and low of Rs. 300.00 and Rs. 296.85 respectively. So far 10046 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 476.50 on 19-Oct-2021 and a 52 week low of Rs. 259.30 on 19-May-2022.

Last one week high and low of the scrip stood at Rs. 302.60 and Rs. 295.30 respectively. The current market cap of the company is Rs. 18538.46 crore.

The promoters holding in the company stood at 73.74%, while Institutions and Non-Institutions held 15.76% and 10.50% respectively.

Nippon Life India Asset Management (Singapore), a wholly owned subsidiary of Nippon Life India Asset Management, has collaborated with DWS to launch a European-listed Indian Government Bond ETF. Nippon Life India Asset Management (Singapore) through this collaboration is providing portfolio management and investment advisory services to the European-listed Indian Government Bond ETF.

DWS is continuously developing its range of ETFs in order to meet the ever-evolving needs of investors. Nippon Life India Asset Management brings in its deep knowledge of the Indian Fixed-Income market.

Nippon Life India Asset Management is one of the largest asset managers in India, managing (directly & indirectly) assets across mutual funds including Exchange Traded Funds, managed accounts, including portfolio management services, alternative investments funds and pension funds; and offshore funds and advisory mandates.