'
Nippon Life India Asset Management conducted a concall on 19 July 2024 to discuss the financial results for the quarter ended June 2024. Sundeep Sikka, ED&CEO of the company addressed the call:
Highlights:
The mutual fund industry quarterly AUM grew by 9% qoq and 37% yoy to Rs 59 lakh crore in Q1FY2025. Strong momentum in the equity segment sustained as the share of the equity in overall AUM continued to increase ending at 59.4% for Q1FY2025 up from 51.8% in Q1FY24.
The equity category excluding index and arbitrage witnessed a strong inflow of Rs 2.54 lakh crore and net flow of Rs 1.1 lakh crore in Q1FY2024. Both gross and net inflows were higher on a qoq basis for the fourth consecutive quarter.
Industry witnessed strong inflows across sectoral, thematic, multicap and multi-asset allocation funds. Inflows in small and midcap funds were higher sequentially.
SIP contribution has increased to Rs 62500 crore up 45% yoy and 9% qoq. Monthly...
Pleaselogin & subscribe to view the full report.
More Reports
-
(05-Feb-2025)
Castrol India
Expects EBITDA margin of 22%-25% for CY25
-
(10-Feb-2023)
Deepak Nitrite
Plans capex of about Rs 1500 crore for FY23 and FY24
-
(09-Feb-2023)
Mayur Uniquoters
Targets revenue of Rs 1000 crore in FY24
-
(31-Jan-2023)
Tega industries
Capex plan is US$ 30-32 million for next three years
|
|