NAM India Q3 Outcomes: Nippon Life India Asset Administration (NAM India) on Thursday reported a 4 per cent enhance in revenue after tax to Rs 295.4 crore for 3 months ended December 2024. The corporate had a revenue after tax (PAT) of Rs 284.3 crore within the year-ago interval, NAM India mentioned in a regulatory submitting.
Income from operations rose by 39 per cent to Rs 587.9 crore through the interval beneath evaluation from Rs 423.3 crore for the third quarter ended December 31, 2023.
“We witnessed a continued enhance in general market share with key positives being internet gross sales and SIP (Systematic Funding Plan) market share remaining above fairness market share in addition to a rise in SIP flows regardless of opposed market actions.
“We’re humbled to have the belief of 20 million distinctive traders, i.E. Over 1 in each 3 mutual fund traders, highest within the trade,” Sundeep Sikka, ED & CEO of NAM India, mentioned.
As of December 2024, NAM India has property beneath administration of Rs 6.56 lakh crore, together with Nippon India Mutual Fund of Rs 5.7 lakh crore.
