Nippon Life India Asset Management

“We continue to be one of the largest ETF players with AUM of INR 2.49 trillion and a market share of 21.12%, which increased by 135 bps YoY.”

“For Gold & Silver ETFs, combined closing AUM for NIMF was ~INR 882 bn, up 6.6% QoQ.”

“Digital purchase transactions & new SIP registrations rose to 9 mn in H1 FY27, up 15% YoY.”

“we offer Category II and Category III AIFs and have raised cumulative commitments of INR 99.8 bn across various schemes, up 14% YoY.”

“In Q2 FY27, we raised INR 4.0 bn of commitments, across various asset classes.”

“We are seeing now HNI investors slowly taking exits from large-caps.”

“we have a very strong SIP book, which actually protects us in these circumstances, as we know that we have almost close to INR 3,200 crores of inflows coming in every month, which is more structural in nature, more fragmented, coming from deeper parts of India.”

“because of the volatility in the market, there has been -- the investor flows into the mutual fund industry has also started slowing down. The investor growth has been flattish.”

“At Nippon, we believe, because of the long-term track record of the schemes which we have, we will benefit from that.”

“we continue to get flows which are normal. We are not getting any abnormal flows, and we are happy with that.”

“Operating Expenses stood at INR 2.72 bn, up 14% YoY and flat QoQ.”

“The compression in yield was mainly on account of the increase in the equity AUM and due to telescopic pricing.”

“Any changes due to regulatory change has already happened in the first quarter, so there is nothing on that in this quarter.”

“On the yield part, the equity yield is 52 basis points ex of arbitrage; debt is 25 basis points; liquid is 12 basis points and ETF is 25 basis points.”

“Madhukar, just to add on the yield part the blended yield stood at 37 basis points.”

“During the quarter, we also completed the NFO of the Nippon India Income Plus Arbitrage Omni Fund of Fund, raising INR 1.8 bn.”

“We are, of course, awaiting for the SIF clearance to come in from SEBI. Once we get that, of course, we'll be in the market to launch our ideas.”

“We feel that we have enough experience in the system to exhibit the two SIF strategies in the market.”

“We would be looking at a couple of ideas, maybe feeders into one or two or through GIFT into our master funds in India. And there is also possibly a chance of a strategy of outbound funds with one of our strategic partners.”

“And as we have also spoken, we have Andrew Holland and team who have been working on this space for the last, now, one year.”

“Also, happy to share that the Board of Directors has declared an Interim Dividend of INR 9.50 per share along with the Q2 FY27 results.”

“some new senior team members have joined, and we are in the process of adding more professionals.”

“Profit After Tax stood at INR 3.24 bn, down both YoY & QoQ, however this is mainly related to an Exceptional Item which I shall speak about shortly.”

“The settlement amount of INR 96.76 crore has been fully paid and recognised in the financial results for the quarter and half year ended September 30, 2026 as an Exceptional Item, however, further communication from SEBI is awaited.”

“INR 89.08 crore as a reversal of the management fee earned by the Company over the said investment (including interest); and”

“INR 7.68 Crore as regulatory costs in respect of the Company and certain company officials.”

“So, we have made provision in the current quarter.”

“During the quarter, SEBI accorded its in-principal acceptance of the settlement application(s) filed by the Company and its certain officials in respect of an ongoing regulatory matter relating to the past investments made by certain NIMF Schemes in Yes Bank AT-1 bonds.”

“owing to, the rupee depreciation for the last one year or so, there has been decline in flows from FPIs into India.”

“ETF still continues to be open for investors to come in and do their buying and selling.”

“If there is any further communication, we may come back and disclose on the exchange.”

“If the downside is going to be sharper from here on, then maybe some of the fund houses who have got flows in small-cap and the other sector funds, etc., might see some higher redemptions.”

“Our market share stood at 9.02%, relatively flat QoQ.”

“I would like to start by mentioning that NAM India was the fastest growing AMC in the Top-10 AMCs in H1 FY27 on overall and equity AUM.”

“NAM India achieved its highest ever Quarterly Operating Profit at INR 5.23 bn (a growth of 25% YoY).”

“Our Mutual Fund QAAUM grew 19.9% YoY and 4.7% QoQ to reach INR 7.87 trillion.”

“We closed the quarter with total assets under management of INR 8.68 trillion. This includes Mutual Funds, Managed Accounts, Offshore Funds and GIFT City.”