Latest News | NAM India Q2 PAT Down 4 Pc to Rs 206 Crore

New Delhi, Oct 19 (PTI) Nippon Life India Asset Management (NAM India) on Wednesday reported a 4 per cent drop in profit after tax (PAT) at Rs 206 crore for three months ended September 2022.

In comparison, the fund house had posted a PAT of Rs 214 crore in the same quarter preceding fiscal, NAM India said in a statement

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Total income declined to Rs 413 crore in the quarter under review from Rs 425 crore in the year-ago period.

Nippon Life India Asset Management, the asset manager of Nippon India Mutual Fund (NIMF), had assets under management of Rs 3.49 lakh crore as on September 30, 2022.

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"In a dynamic macro environment, we aim to serve a superior experience to our clients and partners through seamless delivery, consistent fund performance and a comprehensive product suite, including both active and passive offerings. Unrelenting focus on the micro markets, robust risk framework and process-driven approach to fund management are essential pillars of the overall strategy," Sundeep Sikka, ED & CEO, NAM India, said.

NAM India stock fell 1.34 per cent to settle at Rs 265.7 on the BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)