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Nippon Life Q4 Review: Tax Reversal, Other Income Drive PAT Beat; Motilal Oswal Maintains 'Buy', Hikes TP
Motilal Oswal reiteratesr Buy rating on Nippon Life with a target price of Rs 750, based on 34 times FY27E core earnings per share.
29 Apr 2025, 08:18 AM IST 
Nippon Life India AMC’s operating revenue grew 21% YoY to Rs 5.7 billion (in line) in Q4 FY25. (Photo source: Unsplash)
Nippon Life’s market share for quarterly average assets under management rose 30bp YoY to ~8.3%, with equity market share rising 10bp YoY to ~6.9%. ETF market share continues to surge and was up 236bp YoY at 19.1% with Nippon Life maintaining a dominant position in this space. The share of Equity/ ETFs in MF AUM improved 60bp/170bp YoY to 49.8%/ 27.6%. However, the share of debt/liquid declined to 15.0%/7.6% and a softer interest r...
