NAM-INDIA
Nippon Life India Asset Management share price & financials
- Price
- ₹1,186.5
- Market cap
- ₹70.8k Cr
- Sector
- Financial Services
- Calls analysed
- 6
Nippon Life India Asset Management Limited Q1 FY27
What went well
- Profit After Tax (PAT) reached a highest ever INR 5.04 billion, growing 27% YoY and 31% QoQ.
- Operating Profit also hit a record high of INR 4.94 billion, up 31% YoY and flat QoQ.
- Nippon Life India Asset Management was the fastest growing AMC in the Top-10 in Q1 FY27 on both overall and equity AUM, leading to the highest increase in AUM market share.
What to watch
- Operating Expenses increased 11% QoQ and 19% YoY to INR 2.73 billion, primarily due to investments in digital, brand, and technology.
- Combined Closing AUM in Gold & Silver ETFs for NIMF was ~INR 827 billion, down 2.5% QoQ, partly due to voluntary inflow restrictions.
What Nippon Life India Asset Management Limited does
Nippon Life India Asset Management (NAM India), established in 1995 and majority-owned by Japan's Nippon Life Insurance Company, manages investor money across Mutual Funds (branded Nippon India Mutual Fund), Managed Accounts (Alternative Investment Funds and Portfolio Management Services), and an Offshore Business & GIFT City platform. It earns fees for managing these pooled and segregated investment products, distributed through a network of banks, national and mutual fund distributors, and its own digital channels. Its mutual fund range spans active and passive equity, fixed income, hybrid and commodity schemes, including one of the industry's largest ETF line-ups.
Segments
- Mutual Funds
- Managed Accounts
- Offshore Business & GIFT City
- Rank among Indian AMCs
- 4th largest AMC in India (by AUM); No.1 non-bank-sponsored and foreign-owned AMC
- Locations / touchpoints
- 271 offices and touchpoints across India, from Leh to Kanyakumari
- Branches
- 200 branches
- Pincodes serviced
- 97% of India's 19,500+ pincodes
- Unique investors
- 2.38 crore unique investors
- Investor folios
- 3.94 crore folios
Guidance record · Q1 FY27
what the last two calls moved 9 tracked 0 delivered 4 missed 5 open- ESOP Cost (FY26) went quiet said Q1 FY26 Promised: around INR 46 crores Q1 FY27: Promise deadline passed. Final number for FY26 was never disclosed.
- ESOP Cost (FY27) revised down said Q1 FY26 Promised: INR 26-27 crores for FY27 Q1 FY27: The ESOP expense for the quarter is around INR 13-14 crores and over the period it should be in the range of around INR 60 crores odd that is for the year FY27.
All 9 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 26.4%, net profit up 27.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 571 | 588 | 567 | 607 | 658 +15% | 705 +20% | 739 +30% | 767 +26% |
| EBITDA | 374 | 386 | 365 | 388 | 430 +15% | 470 +22% | 507 +39% | 508 +31% |
| Net profit | 360 | 295 | 299 | 396 | 345 −4% | 404 +37% | 385 +29% | 504 +27% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +44.9% 1Y
1Y: ₹820.9 on 10 Sept 2025 → ₹1,189.6. High ₹1,251 (21 Aug 2026), low ₹798.95 (27 Jan 2026).
How the price took the results
close before → close after
- Q1 FY27
- −1.6%
- 22 Jul
- Q4 FY26
- −1.8%
- 30 Apr
- Q3 FY26
- +3.2%
- 29 Jan
- Q2 FY26
- −0.5%
- 3 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 26.1% a year over 3 years, FY23 to FY26. Operating margin widened to 66.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.4k Cr | ₹1.6k Cr | ₹2.2k Cr | ₹2.7k Cr |
| Operating profit | ₹795 Cr | ₹993 Cr | ₹1.4k Cr | ₹1.8k Cr |
| Operating margin | 58.9% | 60.5% | 64.6% | 66.3% |
| Interest | ₹4 Cr | ₹7 Cr | ₹8 Cr | ₹8 Cr |
| Depreciation | ₹30 Cr | ₹29 Cr | ₹31 Cr | ₹40 Cr |
| Net profit | ₹723 Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.5k Cr |
| Net margin | 53.6% | 67.4% | 57.6% | 56.5% |
| ROCE | 27.0% | 36.0% | 41.0% | 44.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹616 Cr | ₹622 Cr | ₹623 Cr | ₹630 Cr | ₹637 Cr | ₹638 Cr |
| Reserves | ₹2.5k Cr | ₹2.9k Cr | ₹2.9k Cr | ₹3.4k Cr | ₹3.7k Cr | ₹4.0k Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹79 Cr | ₹85 Cr | ₹75 Cr |
| Other liabilities | ₹291 Cr | ₹318 Cr | ₹345 Cr | ₹314 Cr | ₹423 Cr | ₹458 Cr |
| Total liabilities | ₹3.4k Cr | ₹3.8k Cr | ₹3.9k Cr | ₹4.4k Cr | ₹4.9k Cr | ₹5.2k Cr |
| Fixed assets | ₹301 Cr | ₹296 Cr | ₹305 Cr | ₹331 Cr | ₹864 Cr | ₹916 Cr |
| Capital work in progress | ₹1 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹31 Cr | ₹2 Cr |
| Investments | ₹2.5k Cr | ₹2.9k Cr | ₹3.0k Cr | ₹3.5k Cr | ₹3.4k Cr | ₹3.8k Cr |
| Other assets | ₹540 Cr | ₹559 Cr | ₹530 Cr | ₹530 Cr | ₹548 Cr | ₹507 Cr |
| Total assets | ₹3.4k Cr | ₹3.8k Cr | ₹3.9k Cr | ₹4.4k Cr | ₹4.9k Cr | ₹5.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +2.04 pp while the public trimmed −1.02 pp. The shareholder count shrank 5% to 2,00,154.
- Promoters
- 71.8%
- FIIs
- 7.0%
- DIIs
- 15.5%
- Public
- 5.7%
Since Jun 2025
- DIIs +2.04 pp
- Public −1.02 pp
- FIIs −0.55 pp
How it drifted, 12 quarters
Over this window FIIs went from 5.1% to 7.0% — +2.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 73.5%, FIIs 5.1%, DIIs 14.6%, Public 6.9%.Dec '23: Promoters 73.1%, FIIs 5.5%, DIIs 14.2%, Public 7.2%.Mar '24: Promoters 72.9%, FIIs 5.5%, DIIs 14.4%, Public 7.3%.Jun '24: Promoters 72.7%, FIIs 6.6%, DIIs 14.3%, Public 6.4%.Sep '24: Promoters 72.5%, FIIs 7.7%, DIIs 13.5%, Public 6.3%.Dec '24: Promoters 72.4%, FIIs 8.3%, DIIs 13.0%, Public 6.3%.Mar '25: Promoters 72.3%, FIIs 8.3%, DIIs 12.8%, Public 6.5%.Jun '25: Promoters 72.3%, FIIs 7.6%, DIIs 13.4%, Public 6.7%.Sep '25: Promoters 72.1%, FIIs 7.7%, DIIs 12.9%, Public 7.3%.Dec '25: Promoters 72.0%, FIIs 7.9%, DIIs 13.8%, Public 6.2%.Mar '26: Promoters 71.9%, FIIs 7.3%, DIIs 14.8%, Public 6.0%.Jun '26: Promoters 71.8%, FIIs 7.0%, DIIs 15.5%, Public 5.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- HDFC Mutual Fund Mutual fund +0.39 pp 2.02% held
- HSBC Mutual Fund Mutual fund +0.26 pp 1.66% held
- ISA 2025 01 Ltd. (formerly ISA 2023 UK01 Ltd.) newly disclosed 0.00% held
- Medical Data Vision Co. Ltd newly disclosed 0.00% held
- Resolution Life Funding US II LLC newly disclosed 0.00% held
The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Nippon Life India Asset Management Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Nippon Life Insurance Company | 71.80% | −0.13 pp |
| Life Insurance Corporation Of India Insurer | 2.25% | −0.33 pp |
| HDFC Mutual Fund Mutual fund | 2.02% | +0.39 pp |
| Kotak Mahindra Mutual Fund Mutual fund | 1.84% | unchanged |
| HSBC Mutual Fund Mutual fund | 1.66% | +0.26 pp |
| Great Wall Changsheng Life Insurance Co., Ltd. | 0.00% | unchanged |
| Bangkok Life Assurance Public Company Limited | 0.00% | unchanged |
| Grand Guardian Nippon Life Insurance Company Limited | 0.00% | unchanged |
| PT Sequis | 0.00% | unchanged |
| Tokyo Central Property GODOKAISYA | 0.00% | unchanged |
| Sansei Insurance Service Co., Ltd. | 0.00% | unchanged |
| Taiju Onyu Insurance Management Co., Ltd. | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in NAM-INDIA
Filings to Aug 2026
1 new, 4 added, 1 trimmed, 0 sold out — net +7.53 L shares (+14.9%).
- Held by funds
- ₹676 Cr
- 8 schemes
- Biggest holder
- HDFC Flexi Cap Fund
- ₹361 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Flexi Cap Fund HDFC Mutual Fund | ₹361 Cr | +6.47 L | May '26 |
| SBI MultiCap Fund SBI Mutual Fund | ₹248 Cr | held | May '26 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹47 Cr | held | Mar '25 |
| SBI Arbitrage Fund SBI Mutual Fund | ₹11 Cr | new | Aug '26 |
| SBI Nifty Midcap 150 Index Fund SBI Mutual Fund | ₹6 Cr | +0.02 L | Sep '24 |
| SBI Nifty Midcap 150 Momentum 50 ETF SBI Mutual Fund | ₹1 Cr | +0.11 L | Mar '26 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹1 Cr | −0.00 L | Sep '24 |
| SBI Nifty Midcap150 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | Mar '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +7.53 L shares (+14.9%)
- Funds are sitting on
- +9%
- vs est. average cost
- Held by funds
- ₹676 Cr
- 8 schemes · ≈ 0.97% of the company
- Biggest holder
- HDFC Flexi Cap Fund
- ₹361 Cr · 0.3% of that fund
- Longest holder
- SBI Nifty Midcap 150 Index Fund
- 2y · since Sep '24
Shares held by these funds −55%
Aug '23 56.94 L shares Jul '26
All earnings calls (5)
Read the Q1 FY27 call →Learn to analyse Nippon Life India Asset Management Limited
Guides on how to read this kind of business and the numbers that matter.