Nippon Life India Asset Management Limited is promoted by **Nippon Life Insurance Company**, one of Japan's leading private life insurers, with assets exceeding JPY 97 trillion as of FY25. The company was incorporated as a Public Limited Company on **February 24, 1995**, and has since evolved to become one of India's largest asset management companies.
Nippon Life India Asset Management Limited (formerly known as Reliance Nippon Life Asset Management Limited) is one of the largest asset management companies in India with a total **Assets Under Management (AUM) of ₹5,23,828 Crore**. The company acts as the asset manager to Nippon India Mutual Fund (NIMF) and offers a comprehensive range of investment solutions.
The company operates across multiple business segments, including mutual funds, exchange-traded funds (ETFs), portfolio management services, alternative investment funds, and pension funds. It is involved in managing mutual funds (such as ETFs), managed accounts (including portfolio management services, alternative investment funds, and pension funds), and offshore funds and advisory mandates. It also manages offshore funds through its subsidiary in Singapore and maintains a representative office in Dubai, catering to investors across Asia, the Middle East, the United Kingdom, the United States, and Europe.
Nippon Life India AMC is among the largest asset managers in India, with an AUM size of **₹3.46 lakh Crore**. The company boasts a strong distribution network with **84,300+ distributors**, providing it with significant market reach and a competitive advantage.
NAM India holds a unique position as the **only asset manager that manages mandates for all four prestigious organizations**: Employees State Insurance Corporation, Employees Provident Fund Organisation, Coal Mines Provident Fund Organisation, and Pension Fund Regulatory and Development Authority. This demonstrates the company's institutional credibility and expertise in managing large-scale investment mandates.
As of December 2023, the average asset under management stood at **₹3.77 lakh Crore** with more than **225.44 lakh folios**. NIMF offers a well-rounded portfolio of products to meet the varying requirements of investors and has a presence in **272 locations across India**.
Net profit of Nippon Life India Asset Management declined **12.92% to ₹298.60 Crore** in the quarter ended March 2025, as against ₹342.92 Crore during the previous quarter ended March 2024. However, the company showed resilience in revenue growth, with sales rising **21.94% to ₹526.46 Crore** in the quarter ended March 2025, as against ₹431.75 Crore during the previous quarter ended March 2024.
For the full fiscal year 2025, the company demonstrated strong performance:
* Net profit rose **19.58% to ₹1,252.23 Crore** in the year ended March 2025, as against ₹1,047.23 Crore during the previous year ended March 2024.
* Sales rose **35.77% to ₹2,065.20 Crore** in the year ended March 2025, as against ₹1,521.11 Crore during the previous year ended March 2024.
* **Market Capitalization:** Nippon Life India Asset Management Ltd has a market capitalization of **₹50,158 Crore** as on July 4, 2025.
* **Revenue (FY25):** ₹2,065.20 Crore
* **Net Profit (FY25):** ₹1,252.23 Crore
* **EPS (Q4 FY25):** ₹17.71 for the financial year 2023-24.
* **P/E Ratio:** 38.99 times as on July 4, 2025.
* **P/B Ratio:** 12.26 times as on July 4, 2025.
Nippon Life India AMC declared a **final dividend of ₹10 per share**, with a record date of July 4, 2025. The total dividend for FY25 reached **₹18 per share**. The company maintains a consistent dividend policy, providing regular returns to shareholders alongside capital appreciation.
The current dividend yield is **2.29%**, representing a reasonable return for income-focused investors in the asset management sector.
Promoter holding in Nippon Life India Asset Management Ltd decreased slightly to **72.32% as of March 2025** from 72.66% as of June 2024. The promoter of Nippon Life India Asset Management Ltd is **NIPPON LIFE INSURANCE COMPANY**, which owns 72.32% of the total equity.
The chairman of the company is **Upendra Kumar Sinha**. There is **no promoter pledging** in Nippon Life India Asset Management Ltd, which indicates strong financial health and robust governance practices.
The company operates in India's rapidly growing mutual fund industry, which has been experiencing significant growth driven by increasing retail participation and Systematic Investment Plans (SIPs). The resilience of the Indian financial market and improved growth prospects of the Indian economy are boosting investor confidence, leading to increased participation of retail investors. This is auguring well for the mutual fund industry, which has been witnessing robust growth in inflows and a surge in contributions through the SIP route.
Nomura has reiterated its positive outlook on Nippon Life India Asset Management (NAM India), highlighting robust growth in assets under management and setting a **price target of ₹624**. The brokerage firm's positive stance reflects confidence in the company's growth prospects and market position.
The company's strong brand presence, extensive distribution network, and diverse product portfolio position it well to capitalize on India's growing wealth management and investment needs. With its parent company's backing and a proven track record in managing institutional mandates, Nippon Life India AMC continues to be a significant player in India's asset management landscape.
