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Buy Nippon Life India Asset Management Ltd For Target Rs. 365 - JM Financial Institutional Securities Ltd NAM reported an operating PBT of INR 1.9bn (+13% YoY, -3.2% QoQ; -4% vs JMFe) on account of a) moderation in top-line yields to 45bps (-3bps QoQ) and b) elevated opex (+8% QoQ, +11% YoY). Management indicated that equity yields continue to see moderation as new lower yielding AUM replaces old higher yielding AUM; further, mgmt. took a conscious call to reduce TER for debt funds with a view to increase volumes. Overall MF QAAUM witnessed a growth of +7% QoQ (+12% YoY) with strong growth in equ...
Buy Nippon Life India Asset Management Ltd For Target Rs. 365 - JM Financial Institutional Securities Ltd
Buy Nippon Life India Asset Management Ltd For Target Rs. 365 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
5/08/2023 11:03:02 AM
Buy Nippon Life India Asset Management Ltd For Target Rs.291 - Religare Broking * Decline in top-line due to moderation in yields: Nippon Life’s standalone revenue from operations increased by 3.6% YoY but declined sequentially by 1.6% QoQ as margins declined marginally by 0.2bps YoY and 0.8bps QoQ at 48bps in Q4FY23 at Rs 325cr. Other income declined by 21% QoQ due to mark to market losses in fixed income securities but increased by 34% YoY. * Yield to stabilize in long run: While the top-line yield declined marginally from 0.483% in Q3FY23 to 0.475% in Q4FY23,...
Buy Nippon Life India Asset Management Ltd For Target Rs.291 - Religare Broking
Buy Nippon Life India Asset Management Ltd For Target Rs.291 - Religare Broking
Source: Religare Broking Ltd
2/07/2023 12:30:48 PM
Buy Nippon Life India Asset Management Ltd For Target Rs.291 - Religare Broking Decline in top-line due to moderation in yields: Nippon Life’s standalone revenue from operations increased by 3.6% YoY but declined sequentially by 1.6% QoQ as margins declined marginally by 0.2bps YoY and 0.8bps QoQ at 48bps in Q4FY23 at Rs 325cr. Other income declined by 21% QoQ due to mark to market losses in fixed income securities but increased by 34% YoY. Yield to stabilize in long run: While the top-line yield declined marginally from 0.483% in Q3FY23 to 0.475% in Q4FY23, the...
Buy Nippon Life India Asset Management Ltd For Target Rs.291 - Religare Broking
Buy Nippon Life India Asset Management Ltd For Target Rs.291 - Religare Broking
Source: Religare Broking Ltd
18/05/2023 11:23:11 AM
Buy Nippon Life India Asset Management Ltd For Target Rs.280 - Yes Securities Result Highlights * Revenue: Revenue from operations at Rs 3,483mn was down/up -1.5% QoQ and 3.1% YoY, lagging the 0.1% QoQ and 3.5% YoY growth in QAAUM * Share of Equity in AUM: Share of Equity in AUM (including Hybrid funds) at 44% was flat QoQ but up by 244 bps YoY (calculated on rounded off figures) * Share of B-30 in AUM: Share of B-30 in AUM at 19.0% was down/up - 20bps/180bps QoQ/YoY * Channel mix: In overall AUM, the share of direct channel was 54%. Share of MFDs, Banks and NDs ...
Buy Nippon Life India Asset Management Ltd For Target Rs.280 - Yes Securities
Buy Nippon Life India Asset Management Ltd For Target Rs.280 - Yes Securities
Source: Yes Securities
29/04/2023 12:06:26 PM
Buy Nippon Life India Asset Management Ltd For Target Rs.270 - ICICI Direct About the stock: Nippon Life India AMC is among the largest asset managers in India with an AUM size of | 3.63 lakh crore. The company has a strong distribution network with 91000+ distributors.             • Market share as on Q4FY23 was at 7.2%             • Strong presence in B-30 cities that contribute to 19% of total AUM Q4FY23 Results: Steady quarter with a stable market share.         ...
Buy Nippon Life India Asset Management Ltd For Target Rs.270 - ICICI Direct
Buy Nippon Life India Asset Management Ltd For Target Rs.270 - ICICI Direct
Source: ICICI Direct
27/04/2023 2:49:40 PM
Nippon Life India Asset Management edges higher on reporting 13% rise in Q4 consolidated net profit Nippon Life India Asset Management is currently trading at Rs. 235.90, up by 0.15 points or 0.06% from its previous closing of Rs. 235.75 on the BSE. The scrip opened at Rs. 236.90 and has touched a high and low of Rs. 236.90 and Rs. 233.00 respectively. So far 17909 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 334.70 on 26-Apr-2022 and a 52 week low of Rs. 197.10 on 28-Mar-2023. Last one week high and low o...
Nippon Life India Asset Management edges higher on reporting 13% rise in Q4 consolidated net profit
Nippon Life India Asset Management edges higher on reporting 13% rise in Q4 consolidated net profit
Source: Accord Fintech
26/04/2023 3:26:06 PM
Bikaji Foods International IPO Subscribed 1.48 times on Day 2 Raised Rs 262 crore from anchor investors including Eastspring Investments, Morgan Stanley, Government of Singapore, Nomura, Bay Capital and Kotak Funds besides others Bikaner-Rajasthan based snack company Bikaji Foods International Limited, the third largest ethnic snacks company in India and the second fastest growing company in the Indian organised snacks market has received bids of 3,04,41,900 shares against the offered 2,06,36,790 equity shares, at a price band of ?285-300, ...
Bikaji Foods International IPO Subscribed 1.48 times on Day 2
Bikaji Foods International IPO Subscribed 1.48 times on Day 2
Source: PR Agency
5/11/2022 1:00:55 PM
Add Nippon India Asset Management Ltd For Target Rs. 315 - Yes Securities Result Highlights * Revenue: Revenue from operations at Rs 3,316mn was up 4.9% QoQ and 1.1% YoY, leading the 2% sequential growth in QAAUM but lagging on the YoY growth of 7% * Share of Equity in AUM: Share of Equity in AUM (including Hybrid funds) at 43% was up 142bps QoQ and 43 bps YoY (calculated on rounded off figures) * Share of B-30 in AUM: Share of B-30 in AUM at 18.2% was up 40bps/30bps QoQ/YoY * Channel mix: In overall AUM, the share of direct channel was 54%. Share of MF...
Add Nippon India Asset Management Ltd For Target Rs. 315 - Yes Securities
Add Nippon India Asset Management Ltd For Target Rs. 315 - Yes Securities
Source: Yes Securities Ltd
20/10/2022 11:06:20 AM
Diwali Funadamental Muhurat Picks 2022 By Religare Broking Asian Paints Ltd: CMP 3,198, Target 3,952, Upside 23.6% Poised for colourful future Asian Paints is the market leader in India and 9th largest paint company globally. It has a strong hold over the decorative segment with a market share of 55%. It manufactures a wide range of coatings for decorative and industrial use and offer wall coverings, adhesives and services under their portfolio. Over the last few years, the company has forayed into the Home Décor segment including k...
Diwali Funadamental Muhurat Picks 2022 By Religare Broking
Diwali Funadamental Muhurat Picks 2022 By Religare Broking
Source: Religare Broking Ltd
18/10/2022 11:46:10 AM
Nippon Life inches up after its arm partners with DWS 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 o...
Nippon Life inches up after its arm partners with DWS
Nippon Life inches up after its arm partners with DWS
Source: Accord Fintech
13/09/2022 4:33:13 PM
Nippon Life India AMC announces revision in risk-o-meter of certain schemes of NIMF Nippon Life India Asset Management Company (AMC) has announced that pursuant to SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 5, 2020 on ‘Product Labeling in Mutual Fund schemes - Risk-o-meter’, the Risk-o-meter of following scheme(s) of Nippon India Mutual Fund (NIMF) stand revised: Nippon India Interval Fund - Annual Interval Fund - Series I, Nippon India Interval Fund - Monthly Interval Fund - Series I, Nippon India Liquid Fund, Nippon India Banking & PSU D...
Nippon Life India AMC announces revision in risk-o-meter of certain schemes of NIMF
Nippon Life India AMC announces revision in risk-o-meter of certain schemes of NIMF
Source: Accord Fintech
6/09/2022 2:15:10 PM
Nippon Life India AMC announces appointment of senior executive - research Nippon Life India Asset Management Company has announced that Advait Lath has been appointed as Senior Executive - Research with effect from July 28, 2022. Accordingly, the following details of Advait Lath shall be incorporated in Statement of Additional Information (SAI) under the para titled ‘Information on Personnel involved in Equity/ Economic Research of Nippon Life India Asset Management Limited’: Brief Experience of Advait Lath, Senior Executive - Research: Working with NAM...
Nippon Life India AMC announces appointment of senior executive - research
Nippon Life India AMC announces appointment of senior executive - research
Source: Accord Fintech
2/08/2022 3:49:23 PM
Nippon Life AMC Q1 net profit down 29.39% at Rs 120.95 cr The company reported standalone net profit of Rs 120.95 crore for the quarter ended June 30, 2022 as compared to Rs 171.30 crore in the same period last year, registering a year-on-year decline of 29.39 per cent. Net revenue of the company rose marginally by 4.87 per cent at Rs 294.61 crore in April-June quarter of this fiscal as against Rs 280.94 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 8.41 per cent to Rs 120.09 crore from Rs...
Nippon Life AMC Q1 net profit down 29.39% at Rs 120.95 cr
Nippon Life AMC Q1 net profit down 29.39% at Rs 120.95 cr
Source: Dion Global Solutions Ltd
29/07/2022 9:49:34 AM
Nippon Life India AMC announces revision in risk-o-meter of certain schemes of NIMF Nippon Life India Asset Management Company (AMC) has announced that pursuant to SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 5, 2020 on ‘Product Labeling in Mutual Fund schemes - Risk-o-meter’, the Risk-o-meter of following scheme(s) of Nippon India Mutual Fund (NIMF) stand revised: Nippon India Monthly Interval Fund- Series 1, Nippon India Quarterly Interval Fund - Series 1, Nippon India Fixed Horizon Fund - XLI - Series 10, Nippon India Fixed Horizon Fund - XLI...
Nippon Life India AMC announces revision in risk-o-meter of certain schemes of NIMF
Nippon Life India AMC announces revision in risk-o-meter of certain schemes of NIMF
Source: Accord Fintech
5/07/2022 5:23:59 PM
Nippon Life India AMC announces suspension of subscription in certain schemes investing in overseas securities Nippon Life India Asset Management Company (AMC) has announced that pursuant to SEBI’s letter no. SEBI/HO/OW/IMD-II/DOF3/P/25095 /2022 dated June 17, 2022 and AMFI’s communication dated June 20, 2022 and June 21, 2022, AMCs were allowed to resume subscriptions in Mutual Fund schemes investing in overseas securities and make investments in overseas funds /securities up to the headroom available without breaching the overseas investment limits as of EOD of February 1, 2022 at the Mu...
Nippon Life India AMC announces suspension of subscription in certain schemes investing in overseas securities
Nippon Life India AMC announces suspension of subscription in certain schemes investing in overseas securities
Source: Accord Fintech
28/06/2022 4:53:53 PM
Nippon Life India AMC proposes changes in scheme names and introduction of symbol and scrip code Pursuant to SEBI Circular No SEBI/HO/IMD/DOF2/P/CIR/2022/69 dated May 23, 2022 on ‘Development of Passive Funds’, Nippon Life India Asset Management Company (AMC) has proposed to carry out changes in the scheme names and introduction of symbol and scrip code in SID & KIM in some NIMF schemes with effective from July 01, 2022. This addendum forms an integral part of Scheme Information Document (SID) and Key Information Memorandum (KIM) of the above mentioned Scheme(s) of Nip...
Nippon Life India AMC proposes changes in scheme names and introduction of symbol and scrip code
Nippon Life India AMC proposes changes in scheme names and introduction of symbol and scrip code
Source: Accord Fintech
23/06/2022 4:11:45 PM
Nippon Life India AMC announces resumption of subscription in certain schemes Nippon Life India Asset Management Company (AMC) has informed that pursuant to AMFI’s earlier communication dated January 30, 2022 as advised by SEBI and in line with Notice cum Addendum No. 106 dated January 31, 2022, in order to avoid breach of industry-wide overseas limits as allowed by RBI, lump sum subscription, switch-ins and fresh registration of SIP/STP or such other special product under the certain NIMF Schemes which invest in overseas securities were suspended with effect fro...
Nippon Life India AMC announces resumption of subscription in certain schemes
Nippon Life India AMC announces resumption of subscription in certain schemes
Source: Accord Fintech
21/06/2022 4:12:43 PM
Nippon Life AMC announces change in Fund Manager of Nippon India Passive Flexicap FOF Nippon Life India Asset Management (AMC) has decided to make following change in the fund management responsibilities of Nippon India Passive Flexicap FOF Scheme with effect from May 20, 2022: Existing Fund Manager in the Scheme - Ashutosh Bhargava; New Fund Manager - Manish Gunwani. This addendum forms an integral part of the Scheme Information Document/ Key Information Memorandum of the Scheme. All the other terms and conditions of the aforesaid documents read with the addenda issued fro...
Nippon Life AMC announces change in Fund Manager of Nippon India Passive Flexicap FOF
Nippon Life AMC announces change in Fund Manager of Nippon India Passive Flexicap FOF
Source: Accord Fintech
16/05/2022 4:28:02 PM
Buy Nippon Life India Asset Management Ltd For Target Rs. 435 - JM Financial Services Steady operational performance driven by muted opex NAM reported an operating PBT of INR 2bn (+27% YoY, -3% QoQ) driven by moderation in opex (-4% YoY, +3% QoQ) and operating revenue growth of +12% YoY/flat QoQ. While lower other income resulted into a PAT of INR 1.75bn (+5% YoY/+0.5% QoQ). Opex/QAAUM has improved to 19bps (-6bps YoY) and management indicated that headroom for further improvement remains limited. Overall MF QAAUM growth was moderate at +1% QoQ (+24% YoY) as equity and debt...
Buy Nippon Life India Asset Management Ltd For Target Rs. 435 - JM Financial Services
Buy Nippon Life India Asset Management Ltd For Target Rs. 435 - JM Financial Services
Source: JM Financial Services Ltd
4/05/2022 10:41:58 AM
Hold Nippon Life India AMC Ltd For The Target Rs.400 - ICICI Direct Yield compression continues; marginal market share gain About the stock: Nippon Life India AMC is among the largest asset managers in India with an AUM size of | 3.46 lakh crore. The company has a strong distribution network with 84300+ distributors. *Market share as on Q4FY22 was at 7.4% *Strong presence in B-30 cities that contribute to 17.2% of total AUM Q4FY22 Results: Steady quarter with marginal uptick in market share. *QAAUM was at | 283300 crore, up 24% YoY, flat QoQ. M...
Hold Nippon Life India AMC Ltd For The Target Rs.400 - ICICI Direct
Hold Nippon Life India AMC Ltd For The Target Rs.400 - ICICI Direct
Source: ICICI Direct
29/04/2022 1:30:01 PM
Buy Nippon Life India Asset Management Ltd For Target Rs. 450 - Yes Securities Early vintage assets to now remain largely sticky Result Highlights Revenue: Revenue from operations at Rs 3,380mn was down -0.2% QoQ but up by 11.9% YoY, lagging the growth of QAAUM at 1%/24% QoQ/YoY Share of Equity in AUM: Share of Equity in AUM (including Hybrid funds) at 42% was down -100bps QoQ but up 100 bps YoY (calculated on rounded off figures) Share of B-30 in AUM: Share of B-30 in AUM at 17.2% was down -30bps/-70bps QoQ/YoY Channel mix: In overall AUM, the share of d...
Buy Nippon Life India Asset Management Ltd For Target Rs. 450 - Yes Securities
Buy Nippon Life India Asset Management Ltd For Target Rs. 450 - Yes Securities
Source: Yes Securities Ltd
27/04/2022 9:19:06 AM
Buy Nippon Life India Asset Management Ltd For Target Rs.435 - Yes Securities One awaits expected improvement in equity business Result Highlights * Revenue: Revenue from operations at Rs 3,385mn was up 3.3%/26.1% QoQ/YoY, lagging the growth of QAAUM at 6%/32% QoQ/YoY * Share of Equity in AUM: Share of Equity in AUM (including Hybrid funds) at 43% was flat QoQ but up 400 bps YoY (calculated on rounded off figures) * Share of B-30 in AUM: Share of B-30 in AUM at 18% was down 40bps QoQ but flat YoY * Channel mix: In overall AUM, the share of direct channel...
Buy Nippon Life India Asset Management Ltd For Target Rs.435 - Yes Securities
Buy Nippon Life India Asset Management Ltd For Target Rs.435 - Yes Securities
Source: Yes Securities Ltd
9/02/2022 9:09:47 AM
Buy Nippon Life India Asset Management ltd For Target Rs.510 - Centrum Broking Opex efficiency to benefit core performance Nippon Life (NAM) earnings surprised positively on an operational level. QAAuM at Rs2,806bn was in-line growing by 5.7% QoQ mainly led by equity/ETF. Overall market share (MS) was stable QoQ at 7.35% while debt MS has consistently improved over the last 4 quarters from 7.0% to 8.0%. Trend of MS loss in equity could reverse in a few quarters as NAM has seen stronger active equity performance in FY21 and FY22YTD. Yields were better at 48bps while o...
Buy Nippon Life India Asset Management ltd For Target Rs.510 - Centrum Broking
Buy Nippon Life India Asset Management ltd For Target Rs.510 - Centrum Broking
Source: Centrum Broking Ltd
29/01/2022 11:41:15 AM
Add Nippon Life India Asset Management Ltd For Target Rs.460 - ICICI Securities Focusing more on AUM growth The big 14% QoQ growth in equity AAUM for Nippon Life India Asset Management’s (NAM) AMC in Q2FY22 translated to less than expected 8% QoQ growth in operating profit driven by lower yields. This is a dampener to an otherwise strong operating performance in terms of AUM market share, folios and systematic investment share. The apparently tactical move to garner more AUM at lower yields is noteworthy. We expect the company to report stable yield performance ...
Add Nippon Life India Asset Management Ltd For Target Rs.460 - ICICI Securities
Add Nippon Life India Asset Management Ltd For Target Rs.460 - ICICI Securities
Source: ICICI Securities
25/11/2021 12:35:56 PM
Stock Picks - Tech Mahindra Ltd and Nippon Life India Asset Management Ltd By ICICI Direct Tech Mahindra Buy Tech Mahindra Ltd @ 1563.00-1568.00 CMP 1568.00 TGT 1589.00 SL 1551.70   Nippon Life India Asset Management Sell Nippon Life India Asset Management Ltd @ 428.00-429.00 CMP 428.40 TGT 424.30 SL 432.70   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by ...
Stock Picks - Tech Mahindra Ltd and Nippon Life India Asset Management Ltd By ICICI Direct
Stock Picks - Tech Mahindra Ltd and Nippon Life India Asset Management Ltd By ICICI Direct
Source: ICICI Direct
11/11/2021 12:06:58 PM
Buy Nippon Life India Asset Management Ltd : Improved equity fund performance augurs well - Yes Securities Improved equity fund performance augurs well Result Highlights * Revenue: Revenue from operations at Rs 3279mn was up 8.5%/26.8% QoQ/YoY, somewhat lagging the growth of QAAUM at 10%/33% QoQ/YoY * Share of Equity in AUM: Share of Equity in AUM (including Hybrid funds) at 43% was up 200 bps QoQ and 400 bps YoY (calculated on rounded off figures) * Share of B-30 in AUM: Share of B-30 in AUM at 18% was down 110 bps QoQ and 30 bps YoY * Channel mix: Share of MFDs, Banks and NDs was ...
Buy Nippon Life India Asset Management Ltd : Improved equity fund performance augurs well - Yes Securities
Buy Nippon Life India Asset Management Ltd : Improved equity fund performance augurs well - Yes Securities
Source: Yes Securities Ltd
28/10/2021 9:33:48 AM
Nippon India Growth Fund: change in investment factsheets for September 2021 Nippon India Growth Fund has announced change in investment factsheets and fund flash for the month ended September 30, 2021. As on Sep 30, 2021, the total size of the Fund was Rs 11,839.23 crores, compared with Rs 11,321.55 crores in the last month. The Fund's NAV per unit was Rs 2,165.10 for Growth, while 52-Week High and Low ranges were Rs 2,165.10 and Rs 1,140.75 respectively. The Equity - Diversified fund with Growth plan was launched on Oct 08, 1995 and managed by Fund Managers M...
Nippon India Growth Fund: change in investment factsheets for September 2021
Nippon India Growth Fund: change in investment factsheets for September 2021
Source: Dion Global Solutions Ltd
14/10/2021 4:04:26 PM
Update On Nippon Life India Asset Management Ltd By HDFC Securities Our Take: Nippon Life India Asset Management Limited (NAM India) is the largest Non-Bank owned asset management company in India with over 25 years of track record and a strong global parentage. The company has well diversified product portfolio and distribution mix. Retail category has always been the key focus area for the company and since last couple of quarters; it has launched several new funds keeping retail and HNI clients in mind. The company has been expanding its offshore adviso...
Update On Nippon Life India Asset Management Ltd By HDFC Securities
Update On Nippon Life India Asset Management Ltd By HDFC Securities
Source: HDFC Securities
13/09/2021 2:18:14 PM
Buy Nippon Life India Asset Management Ltd Target Rs.450 - Religare Broking Derivative Ideas  NAM-INDIA FUTS added around 12% in open interest in as LONG buildup was seen in it . Current chart pattern also indicates further up move in its price. We suggest buying in NAM-INDIA as per below levels. Strategy:- BUY NAM-INDIA BETWEEN 414-417 SL 402 TARGET 450.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 ...
Buy Nippon Life India Asset Management Ltd Target Rs.450 - Religare Broking
Buy Nippon Life India Asset Management Ltd Target Rs.450 - Religare Broking
Source: Religare Broking Ltd
31/08/2021 10:50:08 AM
Buy Nippon Life India Asset Management Ltd For Target Rs.492 - Religare Broking Making a comeback Incorporated in 1995, Nippon Life Asset Management Company (NAM) is one of the leading AMCs in India with a total AUM of ~Rs. 3.79 tn. It is involved in managing the mutual fund (AUM of Rs. 2,442 bn) and managed accounts including Portfolio Management Services (PMS), Alternate Investment Funds (AIF), Pension Funds and Offshore Funds. Nippon Life Insurance (promoter of NAM) is amongst the fortune 500 companies and is Japan’s largest private life insurer. It has 57 As...
Buy Nippon Life India Asset Management Ltd For Target Rs.492 - Religare Broking
Buy Nippon Life India Asset Management Ltd For Target Rs.492 - Religare Broking
Source: Religare Broking Ltd
23/08/2021 10:22:54 AM
Add Nippon Life India Asset Management Ltd For Target Rs.430 - ICICI Securities Retail performance remains strong; SIP flows should improve Market share and retail folio growth, as well as cost performance spanned out favourably for Nippon Life in Q1FY22. However, HNI share improvement will be key for growing the SIP book. Maintain ADD with a revised target price of Rs430 based on 35x FY23E core EPS of Rs10.7, and cash & investments of Rs56 per share.   * Strong performance in retail folios continues; weakness in HNI remains the current challenge. Nippo...
Add Nippon Life India Asset Management Ltd For Target Rs.430 - ICICI Securities
Add Nippon Life India Asset Management Ltd For Target Rs.430 - ICICI Securities
Source: ICICI Securities
7/08/2021 10:29:20 AM
Hold Nippon Life India Asset Management Ltd For Target Rs.410 - Emkay Global Surge in inflows but revenue yields still lag behind * NAM India saw a surge in QAAUM to Rs2,404bn in Q1 (+33.5% yoy, +5.2% qoq), mainly due to steady demand for debt schemes, MTM gain in equity AUM and rising demand for ETFs. However, revenue yields fell to ~50bps from ~53bps in Q4FY21 due to weak equity flows. PAT stood at Rs1.8bn and was above our estimate of Rs1.6bn. * Although we see the surge in overall flows and market share gain of ~13bps in the quarter as positive, profitabili...
Hold Nippon Life India Asset Management Ltd For Target Rs.410 - Emkay Global
Hold Nippon Life India Asset Management Ltd For Target Rs.410 - Emkay Global
Source: Emkay Global Financial Services Ltd
24/07/2021 11:44:09 AM
Buy Nippon AMC Ltd For Target Rs. 511 - Yes Securities Result Highlights * Revenue – Management Fees was at Rs.3bn was lower than our estimates. Management fees were higher by 30% yoy but were flat on sequential basis. * Yield on Management fees ‐ The Yield on Management fees was at 0.51%, which was a decline of 1bps YoY, and 2bps on qoq basis. Yields were lower than our forecasts especially considering that the share of equity in overall AUM has been higher on yoy basis. * Operating Profit  ‐Operating profit came at...
Buy Nippon AMC Ltd For Target Rs. 511 - Yes Securities
Buy Nippon AMC Ltd For Target Rs. 511 - Yes Securities
Source: Yes Securities
20/07/2021 9:40:48 AM
Add Nippon Life India Asset Management For Target Rs. 396 - ICICI Securities Nippon Life India Asset Management Annual Report Takeaways: Digital capabilities and diversified portfolio are strong growth enablers Nippon Life Asset Management (NAM) has witnessed multiple positives in FY21. These include: (1) 10% YoY growth in revenue in Q4FY21 and 15% YoY decline in operating expenses in FY21, (2) growing passive (42% ETF folio share) and nonMF product portfolio (AUM Rs1.32trn), (3) improvement in retail traction (of the total 2mn unique investors added by MF indus...
Add Nippon Life India Asset Management For Target Rs. 396 - ICICI Securities
Add Nippon Life India Asset Management For Target Rs. 396 - ICICI Securities
Source: ICICI Securities
6/07/2021 9:59:39 AM
Buy Nippon Life India Asset Management Ltd Target Rs. 390 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime
Buy Nippon Life India Asset Management Ltd Target Rs. 390 - Religare Broking
Buy Nippon Life India Asset Management Ltd Target Rs. 390 - Religare Broking
Source: Religare Broking Ltd
2/06/2021 9:45:04 AM
Buy Nippon Life India Asset Management Ltd For Target Rs. 396 - ICICI Securities Strong execution; building on growth optionalities The combination of a) strong revenue growth of 10% YoY and 12% QoQ in Q4FY21 as well as strong cost performance in FY21 (15% YoY decline in operating expenses in FY21), b) growth optionalities through non-MF product portfolio (AUM Rs1.32trn) and c) improvement in retail traction (of the total 2mn unique investors added by MF industry in FY21, 0.9mn were added by NAM) are the healthy business indicators for Nippon Life Asset Management (NAM...
Buy Nippon Life India Asset Management Ltd For Target Rs. 396 - ICICI Securities
Buy Nippon Life India Asset Management Ltd For Target Rs. 396 - ICICI Securities
Source: ICICI Securities Ltd
13/05/2021 11:21:27 AM
Hold Nippon Life India Asset Managment Ltd For Target Rs. 360 - ICICI Direct Focus on client accretion, product mix to aid growth… Nippon Life AMC posted a steady operational performance with sequential improvement in topline and pick-up in AUM growth. Revenue from operations was up 12.5% QoQ, 10.0% YoY to | 302 crore on the back of improved revenue yields, which were up 3 bps QoQ to 0.53% of AUM. Revenue yields improved QoQ as proportion of equity AUM increased. Other income was at | 60 crore vs. | 130 crore QoQ and MTM loss of | 125 crore YoY. Opex to A...
Hold Nippon Life India Asset Managment Ltd For Target Rs. 360 - ICICI Direct
Hold Nippon Life India Asset Managment Ltd For Target Rs. 360 - ICICI Direct
Source: ICICI Direct
10/05/2021 10:09:23 AM
Buy Nippon India Asset Management Ltd For Target Rs. 452 - Yes Securities Result Highlights * Revenue – Management Fees was at Rs.3bn was higher than our estimates of Rs.2.9bn. Management fees increased by 10% yoy and witnessed a growth of 12% on sequential basis. * Yield on Management fees ‐ The Yield on Management fees was at 0.53%, which was a fall of 1bp YoY, against our estimate of 0.51%.   * Operating Profit ‐Operating profit came at Rs.1.66bn which was in line with our estimates of Rs.1.6bn due to higher than expected ...
Buy Nippon India Asset Management Ltd For Target Rs. 452 - Yes Securities
Buy Nippon India Asset Management Ltd For Target Rs. 452 - Yes Securities
Source: Yes Securities Ltd
28/04/2021 9:36:18 AM
Stock Picks - Cadila Healthcare  Ltd and Nippon Life India Asset Ltd By ICICI Direct Cadila Healthcare  Buy Cadila Healthcare Ltd @ 527.00-529.00. CMP 528.20​​​​​​​ TGT 539.00 SL 522.60   Nippon Life India Asset Buy Nippon Life India Asset​​​​​​​ Ltd @ 328.00-329.00. CMP 326.00 TGT 325.10 SL 332.10   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above view...
Stock Picks - Cadila Healthcare  Ltd and Nippon Life India Asset Ltd By ICICI Direct
Stock Picks - Cadila Healthcare  Ltd and Nippon Life India Asset Ltd By ICICI Direct
Source: ICICI Direct
20/04/2021 11:44:37 AM
Hold Nippon Life India Asset Management Ltd For Target Rs. 348 - Religare Broking Higher other income and lower opex drives profitability Nippon Life AMC reported decent set of numbers in Q3FY21 which was largely in-line with our expectations. Its mutual fund QAAUM grew by 6.5% QoQ led by healthy growth in both equity as well as debt AUM which grew by 7.3% and 5.3% QoQ. Further, despite lower yields, PAT grew by 42.7% QoQ driven by higher other income and cost saving initiatives. Going forward, we remain positive on Nippon AMC as it plans to regain its lost market share...
Hold Nippon Life India Asset Management Ltd For Target Rs. 348 - Religare Broking
Hold Nippon Life India Asset Management Ltd For Target Rs. 348 - Religare Broking
Source: Religare Broking Ltd
17/02/2021 11:22:53 AM
Nippon Life India Asset Management Ltd : Cost optimization to drive earnings TP of Rs. 335 - HDFC Securities Add Nippon Life India Asset Management Ltd For Target Rs.335 Cost optimization to drive earnings NAM has been able to stabilise its equity market share over the past two quarters to 7.0%. We expect it to focus on improving performance and continue to recoup its lost market share. Additionally, we expect the company to benefit from increased credibility to raise HNI/institutional capital. Driven by cost optimization, we increase our estimates and now expect the company to deliver an FY21...
Nippon Life India Asset Management Ltd : Cost optimization to drive earnings TP of Rs. 335 - HDFC Securities
Nippon Life India Asset Management Ltd : Cost optimization to drive earnings TP of Rs. 335 - HDFC Securities
Source: HDFC Securities Ltd
4/02/2021 1:45:15 PM
Buy Nippon Life India Asset Management Ltd For Target Rs. 348 - Religare Broking Investment Pick - Nippon Life India Asset Management Ltd. * Nippon Life AMC reported decent set of numbers in Q3FY21 which was largely in-line with our expectations. Its mutual fund QAAUM grew by 6.5% QoQ led by healthy growth in both equity as well as debt AUM which grew by 7.3% and 5.3% QoQ. Further, despite lower yields, PAT grew by 42.7% QoQ driven by higher other income and cost saving initiatives. * Going forward, we remain positive on Nippon AMC as it plans to regain its lost mar...
Buy Nippon Life India Asset Management Ltd For Target Rs. 348 - Religare Broking
Buy Nippon Life India Asset Management Ltd For Target Rs. 348 - Religare Broking
Source: Religare Broking Ltd
1/02/2021 9:01:21 AM
Buy Nippon Life India Asset Management Ltd For Target Rs.426 - Yes Securities Miss in terms of revenue, PAT supported by strong other Income * Revenue – Management Fees was at Rs.2.68bn was lower than our estimates of Rs. 2.79bn. Management fees declined by 11% yoy and witnessed a growth of 4% on sequential basis. * Yield on Management fees ‐ The Yield on Management fees stood at 0.5% v/s our estimate of 0.53%. It declined by 9bps on YoY basis and 1bps on sequential basis.   * Operating Profit ‐ Operating profit came at Rs....
Buy Nippon Life India Asset Management Ltd For Target Rs.426 - Yes Securities
Buy Nippon Life India Asset Management Ltd For Target Rs.426 - Yes Securities
Source: Yes Securities Ltd
28/01/2021 9:43:58 AM