The operating profit of the company rose 3% to Rs 165.86 crore, while other income zoomed to Rs 60.06 crore in Q4FY2021 from loss of Rs 124.94 crore in Q4FY2020.

Interest expense moves up 107% to Rs 0.95 crore. The depreciation declined 20% to Rs 7.10 crore in Q4FY2021. The profit before tax moved up 697% to Rs 217.87 crore. The effective tax eased to 23.6% in Q4FY2021 from 84.9% in Q4FY2020. The net profit increased sharply to Rs 166.77 crore in Q4FY2021 from Rs 3.72 crore.

Business highlights:

Assets under management increased 39% to Rs 355053 crore end March 2021 over March 2020.

Average Mutual Fund assets under management moved up 12% to Rs 228586 crore.

The share of Equity Assets rose to 40.6% of Mutual Fund AUM in Q4FY2021 as against 39.1% for Q3FY2021.

The company has one of the largest retail assets in the Industry at Rs 64345 crore. Retail assets contributed 28% to Mutual Fund AUM

Mutual Funds AUM of Rs 41,260 crore was from ‘Beyond the Top 30 cities' category. This segment forms 18% of Mutual Fund AUM against 16% for the Industry

Individual AUM was Rs 115,090 crore and contributed 50% to Mutual Fund AUM

Mutual Fund of the company is one of the largest ETF players with AUM of Rs 37372 crore and a market share of 13%.

Mutual Fund has approx. 1 crore investor folios, with an annualized systematic book of approx. Rs 7900 crore.

Nippon India AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of over Rs 3700 crore across various schemes.

The company has geographical presence at approx. 290 locations pan India, and is amongst the highest in the industry.

For the quarter ended March 2021, digital purchase transactions rose to 5 lakh - an increase of 38% as against quarter ended March 2020. Digital channel contributed 56% to total new purchase transactions 

Financial Performance FY2021

Nippon Life India Asset Management has posted 63% increase in the net profit to Rs 680.33 crore in the year ended March 2021 (FY2021). The operating profit of the company declined 8% to Rs 557.52 crore, while other income zoomed to Rs 357.20 crore in FY2021, driven by mark-to-market gains on the investment portfolio from loss of Rs 9.777 crore in FY2020.

The depreciation was flat at Rs 33.27 crore in FY2021. The profit before tax moved up 57% to Rs 877.02 crore. The effective tax was lower at 22.5% in FY2021 from 25.7% in FY2020. The net profit increased 63% to Rs 680.33 crore in FY2021.