External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Nippon Life India Asset Management / Equity Bottom-Up

<ul><li>Prabhudas Lilladher's research report onNippon Life India Asset Management</li><li>We initiate coverage on NAM with ‘BUY’ rating given (1) consistent equity outperformance translating to improved net flows and in-turn market share gains (2) focus on stronger investment process and risk management and (3) robust retail franchise as indicated by enhancing SIP AUM and healthy addition of unique investors plus folios over FY19 to 9MFY24.</li><li>Significant under-penetration in Indian MF industry suggests strong growth prospects of AMC space which could benefit NAM (4th largest player). </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Prabhudas Lilladher's research report onNippon Life India Asset ManagementWe initiate coverage on NAM with ‘BUY’ rating given (1) consistent equity outperformance translating to improved net flows and in-turn market share gains (2) focus on stronger investment process and risk management and (3) robust retail franchise as indicated by enhancing SIP AUM and healthy addition of unique investors plus folios over FY19 to 9MFY24.Significant under-penetration in Indian MF industry suggests strong growth prospects of AMC space which could benefit NAM (4th largest player). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nippon Life India Asset Management - Back with a Bang

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>AUM growth reported strong growth at 29/7% YoY/QoQ. Yields declined marginally by 0.4 bps sequentially majorly due to a marginal decline in equity yields.</li><li>With healthy growth in AUM, revenue grew by 20/7% YoY/QoQ. Market share gain across segments with equity market share up by 15 bps sequentially to 6.67%.</li><li>Since other income is based on mark-to-market movements it will remain fluctuating going forward.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

AUM growth reported strong growth at 29/7% YoY/QoQ. Yields declined marginally by 0.4 bps sequentially majorly due to a marginal decline in equity yields.With healthy growth in AUM, revenue grew by 20/7% YoY/QoQ. Market share gain across segments with equity market share up by 15 bps sequentially to 6.67%.Since other income is based on mark-to-market movements it will remain fluctuating going forward.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nippon Life India AMC - AUM Growth to Remain Healthy; Yield Compression to Continue

Independent Analyst, Beat the Street

Sudarshan Bhandari

Independent Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Indian household savings seeing a significant transition from traditional assets to financial assets</li>
<li>More than transition, there is a transformative trend ahead for financialization of savings paving way for Indian Households a decadal opportunity of wealth creation</li>
<li>What happened in US could happen in India over the next few decades - Significant wealth creation opportunity</li>
</ul>


Indian household savings seeing a significant transition from traditional assets to financial assets
More than transition, there is a transformative trend ahead for financialization of savings paving way for Indian Households a decadal opportunity of wealth creation
What happened in US could happen in India over the next few decades - Significant wealth creation opportunity


From Savings to Wealth Creation: The Financialization of Indian Households

<ul><li>AUM growth reported strong growth at 23/12% YoY/QoQ. Yield contracted by 1.2 bps YoY. With healthy growth in AUM, revenue grew by 20/12% YoY/QoQ.</li><li>Operating expenses increased by 13.1/2.9% YoY/QoQ mainly due to a spike in other operating expenses.</li><li>Increase in discretionary spends for IT, AI and marketing resulted in an uptick in other operating expenses. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

AUM growth reported strong growth at 23/12% YoY/QoQ. Yield contracted by 1.2 bps YoY. With healthy growth in AUM, revenue grew by 20/12% YoY/QoQ.Operating expenses increased by 13.1/2.9% YoY/QoQ mainly due to a spike in other operating expenses.Increase in discretionary spends for IT, AI and marketing resulted in an uptick in other operating expenses. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nippon Life India AMC - Strong Traction in AUM Growth; Trend Likely to Continue

<ul><li>AUM growth reported strong growth at 12.2/7% YoY/QoQ. Yield contracted by 2.4 bps sequentially and remained flat YoY.</li><li>With healthy growth in AUM, revenue grew by 12/1.7% YoY/QoQ.</li><li>Other income grew by 194.5% QoQ. Operating expenses increased by 10.7/8.8% YoY/QoQ mainly due to a spike in other operating expenses. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

AUM growth reported strong growth at 12.2/7% YoY/QoQ. Yield contracted by 2.4 bps sequentially and remained flat YoY.With healthy growth in AUM, revenue grew by 12/1.7% YoY/QoQ.Other income grew by 194.5% QoQ. Operating expenses increased by 10.7/8.8% YoY/QoQ mainly due to a spike in other operating expenses. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nippon Life India AMC - Revival in AUM Growth

India

Nippon Life India Asset Management Limited operates as an investment management firm. The Company offers portfolio management, financial planning, mutual fund investment, and advisory services to individuals, institutions, trusts, and private funds. Nippon Life India Asset Management serves customers in India.

Nippon Life India Asset Management (NAM IN)

Nippon Life India Asset Management (NAM IN)

Nippon Life India Asset Management - Back with a Bang

Significant under-penetration in Indian MF industry suggests strong growth prospects of AMC space which could benefit NAM (4th largest player).

Prabhudas Lilladhar

Nippon Life India AMC - AUM Growth to Remain Healthy; Yield Compression to Continue

AUM growth reported strong growth at 29/7% YoY/QoQ. Yields declined marginally by 0.4 bps sequentially majorly due to a marginal decline in equity...

Axis Direct

From Savings to Wealth Creation: The Financialization of Indian Households

Equities as % household assets have rose from 2% to 5% as of 2023 and is expected to gone to 10% by 2030 paving a significant opportunity for...

Sudarshan Bhandari

Nippon Life India AMC - Strong Traction in AUM Growth; Trend Likely to Continue

AUM growth reported strong growth at 23/12% YoY/QoQ. Yield contracted by 1.2 bps YoY. With healthy growth in AUM, revenue grew by 20/12% YoY/QoQ.

Axis Direct

Nippon Life India AMC - Revival in AUM Growth

AUM growth reported strong growth at 12.2/7% YoY/QoQ. Yield contracted by 2.4 bps sequentially and remained flat YoY. With healthy growth in AUM,...

Axis Direct