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Yes Securities Report
Nippon Life India AMC Ltd.'s revenue from operations at Rs 3,385 million was up 3.3%/26.1% QoQ/YoY, lagging the growth of quarterly average assets under management at 6%/32% QoQ/YoY.
Share of Equity in AUM (including hybrid funds) at 43% was flat QoQ but up 400 basis points YoY (calculated on rounded off figures). Share of B-30 in AUM at 18% was down 40 bps QoQ but flat YoY.
In overall AUM, the share of direct channel was 55%. Share of mutual fund distributors, banks and national distributors within distributed assets was 58%, 22% and 20%, respectively.
Nippon Life's operating profit margin for the quarter, at 62.7%, was up 372 bps QoQ and 793 bps YoY.
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