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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...
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