External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

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.

Equity Bottom-Up

Nippon Life India Asset Management / Equity Bottom-Up

Nippon Life India Asset Management (NAM IN)

<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

<ul><li>Long-term prospects of the Indian AMC industry remain intact given the low penetration levels in India vis-à-vis developed countries and is a play on the financialisation of savings in India.</li><li>Key to long-term profitability will be execution and building scale and the NAM is focused on the same.</li><li>NAM also intends to leverage Nippon Life’s global network to scale up its offshore business.</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.

Long-term prospects of the Indian AMC industry remain intact given the low penetration levels in India vis-à-vis developed countries and is a play on the financialisation of savings in India.Key to long-term profitability will be execution and building scale and the NAM is focused on the same.NAM also intends to leverage Nippon Life’s global network to scale up its offshore business.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 - Weak Quarter; AUM Remained Flat Sequentially

<ul><li>Yield expansion is sustainable: Management highlighted that the yield expansion of 1.5 bps QoQ is sustainable which would aid profitability.</li><li>Rising equity mix: The increase in share of higher yielding equity mix by 1% in total AUM is quite encouraging and we believe the management’s continuous focus on increasing equity mix would drive revenue growth in coming quarters.</li><li>Additionally, with higher proportion of incremental equity flows coming from B-30 cities ensures the stickiness and higher realization.</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.

Yield expansion is sustainable: Management highlighted that the yield expansion of 1.5 bps QoQ is sustainable which would aid profitability.Rising equity mix: The increase in share of higher yielding equity mix by 1% in total AUM is quite encouraging and we believe the management’s continuous focus on increasing equity mix would drive revenue growth in coming quarters.Additionally, with higher proportion of incremental equity flows coming from B-30 cities ensures the stickiness and higher realization.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 - Steady Performance; Yields Expanded Marginally

<ul><li>NAM Q2FY23 reported an inline set of operating performance with revenues growing slightly better than AUM on a sequential basis as overall yields improved QoQ.</li><li>Yields improved marginally owing to higher yield realization on Debt and a shift in composition in AUM mix to equity.</li><li>Revenues grew 1.1/4.9% YoY/QoQ to Rs 331 Cr (largely in line with our expectations) vis-a-vis growth in QAAUM at 7.4/2.0% YoY/QoQ. Overall AUM's market share declined slightly in Q2FY23 to 7.3% from 7.4% in Q1FY23.</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.

NAM Q2FY23 reported an inline set of operating performance with revenues growing slightly better than AUM on a sequential basis as overall yields improved QoQ.Yields improved marginally owing to higher yield realization on Debt and a shift in composition in AUM mix to equity.Revenues grew 1.1/4.9% YoY/QoQ to Rs 331 Cr (largely in line with our expectations) vis-a-vis growth in QAAUM at 7.4/2.0% YoY/QoQ. Overall AUM's market share declined slightly in Q2FY23 to 7.3% from 7.4% in Q1FY23.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 - Slight Improvement in Yields; Overall an Inline Quarter

<ul><li>The company reported an impressive 23% growth in the total operating income to Rs 1,307 Cr owing to the strong growth in AUM during FY22, which was largely driven by growth in the equity and ETF categories.</li><li>Its operating profits also reported a healthy YOY growth of 42%, aided by the company’s continuous cost rationalization efforts as well as better performance in its topline.</li><li>By keeping costs under control, the company’s operating profit margin improved to 61% in FY22 from 52% in FY21. Consequently, PAT grew by 9% YOY.</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.

The company reported an impressive 23% growth in the total operating income to Rs 1,307 Cr owing to the strong growth in AUM during FY22, which was largely driven by growth in the equity and ETF categories.Its operating profits also reported a healthy YOY growth of 42%, aided by the company’s continuous cost rationalization efforts as well as better performance in its topline.By keeping costs under control, the company’s operating profit margin improved to 61% in FY22 from 52% in FY21. Consequently, PAT grew by 9% YOY.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 Asset Management Co Ltd - Rising AUM Market Share To Drive Growth

India

Nippon Life India Asset Management Limited is one of India's largest asset management companies, serving as the investment manager for Nippon India Mutual Fund. The company offers a diversified suite of investment solutions including mutual funds, exchange-traded funds (ETFs), portfolio management services, alternative investment funds, pension funds, and offshore advisory mandates. It was founded in 1995 and is headquartered in Mumbai, India.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Nippon Life India Asset Management (NAM IN)

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

Nippon Life India AMC - Weak Quarter; AUM Remained Flat Sequentially

Long-term prospects of the Indian AMC industry remain intact given the low penetration levels in India vis-à-vis developed countries and is a play...

Axis Direct

Nippon Life India AMC - Steady Performance; Yields Expanded Marginally

Yield expansion is sustainable: Management highlighted that the yield expansion of 1.5 bps QoQ is sustainable which would aid profitability.

Axis Direct

Nippon Life India AMC - Slight Improvement in Yields; Overall an Inline Quarter

NAM Q2FY23 reported an inline set of operating performance with revenues growing slightly better than AUM on a sequential basis as overall yields...

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)