Nippon Life India Asset Management Q2 net down 4% on fall in other income

Nippon Life India Asset Management has reported a four per cent drop in net profit at ₹345 crore in the September quarter, against ₹360 crore logged in the same period last year. The fund house has declared an interim dividend of ₹9 per equity share. While revenue was up at ₹658 crore (₹571 crore), other income dipped by 69 per cent to Rs 37 crore (Rs 121 crore). Expenses increased 16 per cent to ₹239 crore (₹206 crore). The board has approved the proposal to appoint Sundeep Sikka (who is currently the Executive Director & CEO) as the Managing Director & CEO for five years from April 2026 to April 2031, not liable to retire by rotation. The average assets under management were up 19 per cent at ₹6.56 lakh crore (₹5.49 lakh crore), even as equity assets slipped marginally to 47.6 per cent (48.2 per cent), while debt increased to 15 per cent (14 per cent). Systematic transactions were up at ₹10,720 crore in the quarter under review, against ₹9,770 crore logged in the June quarter. Average AUM of ETFs was up at ₹1.83 lakh crore, with gold ETF accounting for ₹23,900 crore. Sundeep Sikka, ED & CEO, NAM India, said the fund house continues to gain market share with net equity sales and SIP market share well above the equity AUM market share. SIP flows remained robust as industry flows touched another all-time high in September, he said. Nippon MF’s AUM from ‘Beyond the Top 30 cities’ was up 15 per cent at ₹1.32 lakh crore and accounted for 20 per cent of the fund house’s AUM. Nippon India AIF’s total commitment increased 30 per cent to ₹8,720 crore across schemes. Published on October 30, 2025