Operating profit in Q3 FY22 was Rs 205 crore, up by 48% YoY.

Nippon Life India Asset Management is the asset manager of Nippon India Mutual Fund (NIMF).

As on 31 December 2021, NAM India's assets under management was Rs. 3,45,056 crore (US$ 46.6 billion).

For the quarter ended 31 December 2021, NIMF's overall AUM market share rose to 7.34% - an increase of 22 basis points as against the quarter ended 31 March 2021.

For the quarter ended 31 December 2021, NIMF's average assets under management was Rs. 2,80,601 crore (US$ 37.9 billion) - an increase of 32%.

Share of equity assets as a percentage of NIMF's AUM rose to 43% for the quarter ended 31 December 2021, as against 39% for the quarter ended 31 December 2020.

NIMF has one of the largest retail assets in the industry, at Rs 77,641 crore (US$ 10.5 billion) as on 31 December 2021. Retail assets contributed 28% to NIMF's AUM.

As on 31 December 2021, NIMF is one of the largest ETF players with AUM of Rs 52,253 crore (US$ 7.1 billion) and a market share of 13%.

Sundeep Sikka, ED & CEO, NAM India, said “In Q3, we continued on our path of profitable growth and sustainable value creation amid volatile market conditions, driven by focus on key fundamentals such as investor centricity, strong risk framework, and a robust digitech infrastructure. Overall market share has grown by 22 basis points in 9m FY22.

We aim to provide suitable investment avenues to all spectrum of investors and this philosophy has been reflected in our recent fund offerings. We will further build upon this foundation by leveraging our key strengths in the passive and offshore businesses to provide access of differentiated products to millions of existing and prospective investors, in line with their varied individual needs.”

Nippon Life India Asset Management is one of the largest asset managers in India, managing (directly & indirectly) assets across mutual funds including exchange traded funds, managed accounts, including portfolio management services, alternative investments funds and pension funds; and offshore funds and advisory mandates.

The scrip added 3.36% to currently trade at Rs 335.30 on the BSE.