Nippon Life India AMC (Q3) reported a 39% YoY increase in profit, reaching ₹284 crore. Revenue from operations saw a 20% YoY growth, totaling ₹423 crore. QoQ, the profit increased by 16%, and revenue rose by 6.5%.
The AMC’s share in total mutual fund assets rose by 21 basis points to 7.67%. SIP flows for Nippon India MF in Q3 stood at ₹5,930 crore, marking a 104% YoY increase.
The AMC managed an average of ₹3.8 trillion through its MF schemes during the quarter, reflecting a 29% YoY growth. On the alternative investment fund (AIF) side, it had a total commitment of ₹6,030 crore.
Aditya Birla Sun Life AMC reported a 26% rise in net profit to ₹209.34 crore in the December quarter. Total income grew to ₹420.96 crore in the quarter under review compared to ₹363.17 crore in the October-December period of the preceding fiscal (2022-23).
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