NAM India Q1 outcomes: PAT rises 16% to Rs 182 crore

New Delhi: Nippon Life India Asset Management (NAM India) on Monday reported a 16 per cent development in revenue after tax to Rs 182 crore for the three months to June 2021. Compared, the corporate had posted a revenue after tax (PAT) of Rs 156.30 crore in the identical quarter of the previous fiscal, NAM India stated in an announcement.

The corporate’s complete earnings rose 10 per cent to Rs 369.18 crore within the quarter underneath evaluate from Rs 336.18 crore within the year-ago interval.

“NAM India’s steady deal with sturdy worthwhile development has been yielding optimistic outcomes. On this quarter, we elevated our market share and general investor base, led by a eager retail-driven method, sturdy product suite and, devoted efforts to develop throughout all asset classes,” Sundeep Sikka, ED and CEO, NAM India, stated.

NAM India is the asset supervisor of Nippon India Mutual Fund (NIMF).

As on June 30, 2021, NAM India’s property underneath administration stood at Rs 3,78,769 crore, together with NIMF’s property base of Rs 2,40,364 crore.

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