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Nippon Life AMC Reports Highest Ever Quarterly PAT of ₹2.95 Bn in Q3
Millennium Post Delhi
|January 24, 2025
Nippon Life India Asset Management, asset manager of Nippon India Mutual Fund (NIMF), announced its financial results for the quarter ended December 31, 2024.
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MUMBAI:
Sundeep Sikka, ED & CEO, NAM India, said "We witnessed continued increase in overall market share with key positives being Net Sales and SIP market share remaining above Equity market share as well as increase in SIP flows despite adverse market movements. We are humbled to have the trust of 20.0 mn unique investors i.e. over 1 in every 3 mutual fund investors - highest in the Industry."
Total Income of the company stood at Rs 6.03 bn ($70 million) as against Rs 6.92 bn in Q2 FY25. The firm reported Operating Profit of Rs 3.76 bn ($ 44 million) as against Rs 3.65 bn in Q2 FY25.
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