Nippon Life India Asset Management Ltd(NAM-INDIA)

NSE: NAM-INDIABSE: 540767

₹ 922.1-4.94%refreshed 23 Oct, 03:50 pm ISTMarket cap: ₹ 59,018 crWebsite: mf.nipponindiaim.comUpdated: 23 Oct 2026

About

Nippon Life India Asset Management (NAM India) is India's fourth-largest asset management company, managing mutual funds, AIFs, portfolio management services, and offshore funds. As of Q1 FY27, mutual fund quarterly average AUM stood at INR 7.52 trillion, with an overall MF market share of 9.04% - the highest since June 2019. Reported revenue for FY26 was 2933.07 crore. NAM India is sponsored by Nippon Life Insurance of Japan and is listed on Indian exchanges.^[1][2]

AUM and market share

Mutual Fund QAAUM reached INR 7.52 trillion in Q1 FY27, up 22.7% YoY and 3.7% QoQ, the fastest-growing AMC in the Top-10 on both overall and equity AUM basis.^[1]
Overall MF market share reached 9.04% in Q1 FY27, up 54 bps YoY and 15 bps QoQ - the highest level since June 2019.^[1]
Equity MF market share rose to 7.38% in Q1 FY27, up 34 bps YoY and 22 bps QoQ; double-digit net sales market share maintained in equity ex-index and arbitrage.^[1]
Unique investor base stood at 24.1 mn as of Jun-2026.^[1]

Products and business lines

Asset management services is the single reportable segment (FY25 annual report).^[3]
The company manages mutual funds including ETFs, managed accounts (PMS, AIF and pension funds), offshore funds and advisory mandates, and funds through GIFT City (FY25).^[3]
As of FY25, NIMF offered 24 ETF schemes and 21 index funds; passive AUM crossed ₹1.50 Lakh Crore.^[3]
The company manages two government mandates: Post Office Life Insurance and Rural Post Office Life Insurance (FY25).^[3]

ETF franchise

ETF QAAUM reached INR 2.43 trillion in Q1 FY27, up 40% YoY, with market share of 21.35%, up 159 bps YoY.^[1]
NAM India holds 45%+ share of industry ETF folios and volumes on NSE and BSE as of Q1 FY27.^[1]
Gold and Silver ETFs were about 32% of ETF AUM in Q1 FY27; combined Gold & Silver ETF AUM was ~INR 848 bn as of Mar 31, 2026, up 23% QoQ.^[1]

Systematic investment book

Monthly systematic book rose 12% YoY to INR 37.2 bn for Jun-2026, an annualised systematic book of INR 446 bn.^[1]
SIP market share stood at 9.84% for Jun-2026, against equity AUM market share of 7.38%.^[1]

Yield

Blended yield was 38 bps in Q1 FY27, flat QoQ; equity yield (ex-arbitrage) was 54 bps and debt yield 25 bps.^[1]
Management expects blended yield to decline 1 - 2 bps per year as equity AUM scales via telescopic pricing (Q1 FY27).^[1]

Distribution and digital reach

Digital purchase transactions and new SIP registrations rose to 4.49 mn in Q1 FY27, up 26% YoY, 78% of total new purchase transactions.^[1]
Physical reach covers 100% of India's districts and 97% of pin codes as of Q1 FY27.^[1]
B-30 MAAUM stood at INR 1.56 trillion, 18.5% of total MAAUM in Q1 FY27; corporate share fell from ~50% five years ago to ~37%.^[1]
NAM India had a pan-India network of 265 locations as of FY25.^[3]

AIF, offshore and international

Nippon India AIF cumulative commitments were INR 95.8 bn across Category II and III schemes as of Jun-2026, up 18% YoY.^[1]
Non-MF businesses (AIF, offshore, PMS) contributed approximately 8% of gross revenue in Q1 FY27.^[1]
Offshore managed AUM stood at INR 147 bn in Q1 FY27, up from INR 139 bn in the prior quarter.^[1]
GIFT City AUM stood at USD 38 mn across two feeder funds as of Q4 FY26, including one with Nissay Asset Management Japan.^[4]
As of FY25, the company advised India-focused funds in Japan and Korea, with USD 233 mn of international advisory AUM.^[3]

Expansion and strategic initiatives

DWS Group intends to acquire a minority stake of up to 40% in Nippon Life India AIF Management Limited via fresh equity; pending regulatory approval as of Q1 FY27.^[1]
SIF (Specialised Investment Fund) products are in development under Andrew Holland's team; launch pending regulatory approvals as of Q1 FY27.^[1]
GIFT City pipeline: Nippon India SHARP Equity Fund (long-short equity) fundraising live; Digital Innovation Fund 2B (FoF into India-focused VC funds) in pipeline (Q1 FY27).^[1]
AIF fundraising ongoing for Listed Equity AIF Scheme 11, Digital Innovation AIF Scheme 2A, and Private Credit Fund NICO 2 as of Q1 FY27.^[1]

Market Cap

₹59,018 Cr

High / Low

₹1,269 / 756

Stock P/E

37.8

Price / Book

13.3

Book Value

₹73

EPS

₹24.0

No. of Shares

63.81 Cr

ROCE

42.6%

ROE

34.5%

Sales

₹2,933 Cr

Net Profit

₹1,529 Cr

Promoter holding

71.7%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials