Nippon Life India Asset Management share price
NSE: NAM-INDIABSE: 540767Capital MarketsMid Cap
Nippon Life India Asset Management Limited · Formerly Reliance Nippon Life Asset Management · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Nov 2017 · Issue price ₹252
Last close ₹922.50down ₹20.50 (2.17%)BSE ₹925.00
Share price at the NSE close on 28 Oct 2026. Previous close ₹943.00.
28 Oct: open ₹936.00, high ₹939.90, low ₹921.50
52-week range of traded prices to 28 Oct 2026
₹795.80Low, 27 Jan 2026₹1,269.50High, 24 Aug 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹59,044 Cr172nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 36.52
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 12.38
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.38%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 35.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 41.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 9,19,96955.2% delivered
About Nippon Life India Asset Management
Nippon Life India Asset Management Limited is an asset manager: it invests money pooled from investors on their behalf.1 Its main business is acting as investment manager to Nippon India Mutual Fund.1 It also runs alternative investment funds (private pooled funds for large investors), portfolio management services (portfolios run for individual clients) and funds through which overseas investors invest in India, and its products serve individuals, wealthy investors and companies.23
On a standalone basis, it reports a single business segment, asset management services.4 Its subsidiary Nippon Life India AIF Management Limited manages its alternative investment funds, and Nippon Life India Asset Management (Singapore) Pte. Ltd. runs its offshore funds, alongside a representative office in Dubai.53 It also holds a licence to set up and manage alternative investment funds in GIFT City (Gujarat International Finance Tec-City).6
The company was incorporated on 24 Feb 1995 and began its mutual fund operations the same year.78 Its shares were listed through an initial public offering in October 2017 and trade on the NSE and BSE.97 Its promoter, Nippon Life Insurance Company, a Japanese life insurer, held 71.93% of its shares at 31 Mar 2026.10
Nippon Life India Asset Management key points
Results
- Consolidated revenue from operations was ₹7,958 million in the quarter to Sep 2026, up 21% from ₹6,581 million a year earlier; core operating profit (revenue from operations less operating expenses) was ₹5,234 million, up 25%.11
- Profit after tax for the quarter was ₹3,244 million, down 6% from ₹3,446 million a year earlier, after ₹968 million of items the company reports separately from its regular operations.12
- In the year to Mar 2026, consolidated revenue from operations was ₹2,709 crore against ₹2,231 crore a year earlier, and profit was ₹1,529 crore, up 19% from ₹1,286 crore.13
- In the half year to Sep 2026, consolidated revenue from operations was ₹15,626 million, up 24% from ₹12,647 million, and profit after tax was ₹8,281 million, up 12% from ₹7,408 million.14
Market position
- It was the 4th largest asset management company by total and equity quarterly average assets in the quarter to Sep 2026.15
- Its mutual fund assets averaged ₹7,871 billion over the quarter to Sep 2026, up 20%, a 9.02% market share, up 51 basis points (hundredths of a percentage point).15
- It had 24.3 million investors (each counted once across its schemes) at Sep 2026, a 38.4% share of the industry's, and 40.6 million folios (investor accounts).16
- Its exchange-traded funds (ETFs, funds whose units trade on a stock exchange like shares) averaged ₹2,486 billion of assets in the quarter to Sep 2026, up 36%, a 21.12% market share.17
Assets under management
- Assets under management at the end of the quarter1819Total assets under management, which also include the international business, were ₹8.68 trillion.
Item quarter to Sep 2026 Mutual funds ₹7.54 trillion Managed accounts (alternative investment funds and portfolio management) ₹1.00 trillion - Equity funds made up 48% of mutual fund assets and ETFs 32% at Sep 2026.20
- Mutual fund assets by investor type21Retail investors held 27% of the industry's assets.
Item quarter to Sep 2026 Retail 29% HNI (high-net-worth individuals) 33% Corporate 38% - Its alternative investment funds had raised total commitments (money investors have promised to invest) of ₹99.8 billion by Sep 2026, against ₹87.2 billion a year earlier.22
Fee yields
- Its fees earned as a share of assets, in basis points (hundredths of a percent)23
Item quarter to Jun 2026 Equity, excluding arbitrage funds (funds that trade price gaps between markets) 54 Debt 25 ETFs 25 Liquid 12 All assets 38
Regular investment plans
- Systematic flows (money invested through regular instalment plans such as monthly SIPs, systematic investment plans) were ₹111.5 billion in the quarter to Sep 2026, up 4%, an annualised book of ₹445 billion.24
- At Sep 2026 its systematic investment plans held ₹1.86 trillion of assets, up 19%, across 11.0 million folios, up 5%.25
- Its SIP market share was 9.84% in Jun 2026.26
Branches and reach
- At Sep 2026 it had 271 offices and touchpoints, including 207 branches and 64 locations of its Rural and Emerging Market Group (REMG), and served 100% of India's 750 districts and 97% of its over 19,500 pin codes.2728
- It had over 1,26,600 empanelled distributors at Sep 2026, and the largest single distributor accounted for less than 5% of its assets.29
- Its digital channels handled 9 million new purchases and SIP registrations in the half year to Sep 2026, 78% of the total.30
What the company expects
- On its earnings call of 22 Jul 2026, the company said it expects operating expenses, excluding stock option costs and one-off items, to grow by 18% to 20% for 6 to 8 quarters as it invests in technology and brand.3132
- On its earnings call of 22 Jul 2026, the company said its blended fee yield may fall by 1 to 2 basis points a year as its equity funds grow in size.33
- On its earnings call of 22 Jul 2026, the company said it is ready to launch specialised investment funds (a newer category with more flexible strategies than mutual funds) once it receives approvals, but would take a wait and watch approach in this category.34
Recent events
- On 27 Apr 2026, the board recommended a final dividend of ₹12.50 a share for the year to Mar 2026; with the interim dividend of ₹9.00 paid in November 2025, the year's total dividend was ₹21.50 a share.3536
- Sundeep Sikka began a fresh 5-year term as managing director and chief executive officer on 22 Apr 2026.37
- On 14 Mar 2026, the board approved agreements under which DWS Group is to buy a 40% stake in its subsidiary Nippon Life India AIF Management Limited through new shares for ₹7,33,34,60,000; on 22 Jul 2026 the company said it awaited regulatory approvals.3839
Last updated
All 39 sources, each with its page
- 1. Annual report, 15 Jun 2026, page 245
- 2. Annual report, 15 Jun 2026, page 162
- 3. Annual report, 15 Jun 2026, page 24
- 4. Annual report, 15 Jun 2026, page 267
- 5. Annual report, 15 Jun 2026, page 295
- 6. Annual report, 15 Jun 2026, page 113
- 7. Annual report, 15 Jun 2026, page 245
- 8. Annual report, 15 Jun 2026, page 111
- 9. Annual report, 15 Jun 2026, page 114
- 10. Annual report, 15 Jun 2026, page 13
- 11. Investor presentation, 22 Oct 2026, page 35
- 12. Investor presentation, 22 Oct 2026, page 35
- 13. Annual report, 15 Jun 2026, page 114
- 14. Investor presentation, 22 Oct 2026, page 35
- 15. Investor presentation, 22 Oct 2026, page 10
- 16. Investor presentation, 22 Oct 2026, page 10
- 17. Investor presentation, 22 Oct 2026, page 11
- 18. Investor presentation, 22 Oct 2026, page 9
- 19. Annual report, 15 Jun 2026, page 12
- 20. Investor presentation, 22 Oct 2026, page 12
- 21. Investor presentation, 22 Oct 2026, page 15
- 22. Investor presentation, 22 Oct 2026, page 25
- 23. Earnings call, 22 Jul 2026, page 11
- 24. Investor presentation, 22 Oct 2026, page 10
- 25. Investor presentation, 22 Oct 2026, page 23
- 26. Earnings call, 22 Jul 2026, page 5
- 27. Investor presentation, 22 Oct 2026, page 19
- 28. Investor presentation, 22 Oct 2026, page 20
- 29. Investor presentation, 22 Oct 2026, page 18
- 30. Investor presentation, 22 Oct 2026, page 22
- 31. Earnings call, 22 Jul 2026, page 14
- 32. Earnings call, 22 Jul 2026, page 15
- 33. Earnings call, 22 Jul 2026, page 11
- 34. Earnings call, 22 Jul 2026, page 10
- 35. Exchange filing, 27 Apr 2026, page 2
- 36. Investor presentation, 22 Oct 2026, page 37
- 37. Exchange filing, 27 Apr 2026, page 3
- 38. Exchange filing, 14 Mar 2026, page 1
- 39. Earnings call, 22 Jul 2026, page 16
Results
Consolidated; ₹ crore.Nippon Life India Asset Management quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +24.3%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +21.1%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹796 Crup 3.77%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹324 Crdown 35.60%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 40.8%
Revenue by quarter
Peak revenue ₹796 Cr, quarter to Sep 2026; lowest ₹567 Cr, quarter to Mar 2025
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 588 | 567 | 607 | 658 | 705 | 739 | 767 | 796 |
| Net profit | 295 | 299 | 396 | 345 | 404 | 385 | 504 | 324 |
| Net margin | 50.2% | 52.7% | 65.3% | 52.4% | 57.3% | 52.1% | 65.7% | 40.8% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,709 Crup 21.43%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,529 Crup 18.89%
- Net margin
- 56.5%
Revenue by year
Peak revenue ₹2,709 Cr, year to Mar 2026; lowest ₹1,062 Cr, year to Mar 2021
Net profit by year, a loss in red
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,586 | 1,479 | 1,203 | 1,062 | 1,307 | 1,350 | 1,643 | 2,231 | 2,709 |
| Net profit | 522 | 487 | 415 | 680 | 744 | 723 | 1,107 | 1,286 | 1,529 |
| Net margin | 32.9% | 32.9% | 34.5% | 64.1% | 57.0% | 53.6% | 67.4% | 57.7% | 56.5% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment which carries all its revenue.
Valuation
Today, against the company's own history.Nippon Life India Asset Management PE ratio and valuation
Price to earnings
At or below today's level on 64% of 2,106 trading days since Apr 2018.
LowestHighest
Its median32.41Industry median29.27
Price to book
At or below today's level on 87% of 1,979 trading days since Nov 2018.
LowestHighest
Its median7.37Industry median5.72
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 53% of 2,172 trading days since Jan 2018.
LowestHighest
Its median2.30%Industry median2.88%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +41.2% | +18.2% | +17.2% | 2.7% |
| 3 years | +59.4% | +27.5% | +22.6% | 3.1% |
| 5 years | +22.4% | +16.9% | +1.7% | 3.6% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
214 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 89 of the 112 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 214 funds holding Nippon Life India Asset Management
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 5
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 3
- AddedAdded. Funds that held more shares than at the end of the month before.
- 65
- CutCut. Funds that held fewer shares than at the end of the month before.
- 47
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 92
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 16
| Fund | |||
|---|---|---|---|
 HDFC Mid Cap FundHDFC Mutual Fund | 99,35,242 | 1.04% | ₹1,063.1 Cr |
 Kotak Mid Cap FundKotak Mahindra Mutual Fund | 95,08,478 | 1.53% | ₹1,017.4 Cr |
| HDFC Flexi Cap FundHDFC Mutual Fund | 46,18,637 | 0.46% | ₹494.2 Cr |
 DSP Midcap FundDSP Mutual Fund | 34,01,013 | 1.87% | ₹363.9 Cr |
 quant Mid Cap Fundquant Mutual Fund | 33,40,229 | 4.67% | ₹357.4 Cr |
 HSBC Midcap FundHSBC Mutual Fund | 31,60,780 | 2.01% | ₹338.2 Cr |
| quant ELSS Tax Saver Fundquant Mutual Fund | 21,68,527 | 1.77% | ₹232.0 Cr |
 SBI Multicap FundSBI Mutual Fund | 21,17,711 | 0.97% | ₹226.6 Cr |
| HSBC Small Cap FundHSBC Mutual Fund | 21,16,123 | 1.22% | ₹226.4 Cr |
 ICICI Prudential Large & Mid Cap FundICICI Prudential Mutual Fund | 19,11,700 | 0.65% | ₹204.6 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Nippon Life India Asset Management insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Directors and key managers: no market trade · 2 off-market moves
- Employees: no market trade · 96 off-market moves
- Others: no market trade · 47 pledge filings of unclear kind · 96 off-market moves
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Nippon Life India Asset Management competitors and peers
Asset Management Company, 10 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Nippon Life India Asset Management in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 ICICI Prudential Asset Management CompanyICICIAMC | 1,37,834 | 39.00 | 25.81 | – | – | 66.2% | 85.0% | 2.05% |
 HDFC Asset Management CompanyHDFCAMC | 98,687 | 33.14 | 11.45 | +14.7% | +8.5% | 36.4% | 39.7% | 2.35% |
| SBI Funds ManagementSBIFUNDS | 94,112 | – | 12.45 | – | – | – | – | 0.00% |
 Aditya Birla Sun Life AMCABSLAMC | 25,082 | 25.41 | 6.46 | +5.6% | +1.7% | 26.5% | 26.6% | 2.94% |
 UTI Asset Management CompanyUTIAMC | 10,579 | 22.02 | 2.40 | +8.3% | −18.3% | 10.9% | 18.4% | 4.86% |
 Canara Robeco Asset Management CompanyCRAMC | 4,152 | 18.14 | 4.97 | – | – | 30.2% | 32.6% | 2.88% |
 Gaja Alternative Asset ManagementGAJA | 1,865 | – | – | – | – | – | – | 0.57% |
 Shriram Asset Management Co.Ltd.SRAMSET | 430 | – | 2.82 | +56.5% | – | −22.7% | −15.9% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Nippon Life India Asset Management dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹21.50 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 28 Oct 2026 | Interim | ₹9.50 |
| 25 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹12.50 |
| 6 Nov 2025 | Interim | ₹9.00 |
| 4 Jul 2025 | Final | ₹10.00 |
| 6 Nov 2024 | Interim | ₹8.00 |
| 28 Jun 2024 | Final | ₹11.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Nippon Life India Asset Management announcements
Oct 2026
23 Oct · Analysts
22 Oct · Business
22 Oct · Business
22 Oct · Results
17 Oct · Analysts
Nippon Life India Asset Management annual report, year to Mar 2026
Nippon Life India Asset Management share price by year
Each calendar year to 2025.Nippon Life India Asset Management share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 879.65 | +21.0% | 968.20 | 513.30 |
| 2024 | 727.00 | +62.3% | 805.90 | 434.75 |
| 2023 | 447.85 | +79.8% | 459.65 | 201.10 |
| 2022 | 249.15 | −29.2% | 370.40 | 245.35 |
| 2021 | 351.85 | +18.3% | 461.05 | 302.30 |
| 2020 | 297.40 | −16.1% | 441.65 | 214.90 |
| 2019 | 354.50 | +123.3% | 380.75 | 131.05 |
| 2018 | 158.75 | −47.1% | 326.10 | 147.90 |
| 2017 | 300.20 | – | 300.20 | 250.75 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2017 is from its first session, 6 Nov 2017.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 919.10 | 954.10 | 916.00 | 943.00 | 942.17 | 16,86,710 | 50.4% |
| 26 Oct 2026 | 920.00 | 934.70 | 903.10 | 919.10 | 922.31 | 13,39,448 | 57.5% |
| 23 Oct 2026 | 975.00 | 975.70 | 881.60 | 922.60 | 908.99 | 30,36,853 | 37.3% |
| 22 Oct 2026 | 998.90 | 1,011.90 | 958.00 | 976.00 | 980.46 | 12,80,747 | 25.2% |
| 21 Oct 2026 | 1,038.00 | 1,041.90 | 994.80 | 1,000.00 | 1,013.57 | 3,33,665 | 45.2% |
| 19 Oct 2026 | 1,065.00 | 1,068.80 | 1,033.00 | 1,038.40 | 1,046.30 | 3,87,722 | 49.1% |
| 16 Oct 2026 | 1,092.00 | 1,093.80 | 1,051.00 | 1,065.30 | 1,064.49 | 6,60,285 | 41.8% |
| 15 Oct 2026 | 1,059.00 | 1,094.00 | 1,055.00 | 1,088.80 | 1,078.71 | 7,01,066 | 35.7% |
| 14 Oct 2026 | 1,064.90 | 1,084.00 | 1,052.10 | 1,057.30 | 1,061.03 | 8,11,655 | 56.7% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- NAM-INDIA
- BSE code
- 540767
- ISIN
- INE298J01013
- Industry
- Capital Markets
- Former symbols
- RNAM
- Website
- www.mf.nipponindiaim.com
- CIN
- L65910MH1995PLC220793
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1995
- Registered office
- 30th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel, Mumbai 400013, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
In Nifty 500, BSE 500, Nifty Midcap 150, BSE 150 MidCap Index, BSE MidCap, Nifty Total Market