During Friday’s trading session, shares of one of the largest asset man agers in India, managing assets across mutual funds, are in focus on stock exchanges, after the company reported a cyber-attack on its IT infrastructure.
Price Movement
With a market capitalisation of Rs. 35,019.7 crores, the shares of Nippon Life India Asset Management Limited reached an intraday high at Rs. 556.95 on BSE, up by around 6 percent, as against its previous closing price of Rs. 527.35.
The stock has delivered positive returns of around 2 percent in the last one year, as well as gained by over 3 percent in the last one month.
What’s the News
According to the latest regulatory filings with the stock exchanges, Nippon Life India Asset Management Limited (NAM India) has reported a cyber-attack on its IT infrastructure that occurred late on April 9th.
As soon as the company became aware of the incident, it took immediate steps to investigate and respond. This included shutting down the affected systems to prevent further damage. NAM India is now working closely with top cybersecurity experts to understand what happened, assess the impact, and take the necessary actions to fix the issue.
Previous Update
10th February: NAM India and Nissay Asset Management Corporation (Japan) partnered to provide Japanese investors access to the Indian capital market.
As part of this effort, NAM India launched the “Nippon India ETF Nifty 50 BeES GIFT” (Fund) through its IFSC branch in GIFT City. This fund acts as a feeder fund into the Nippon India ETF Nifty 50 BeES, which is the oldest and first ETF in India focused on investing in the country’s top 50 companies by market cap.
Partner Nissay Asset Management Corporation, Japan, wholly owned by Nippon Life Insurance Company, has launched Nissay India Equity Fund in Japan, which will feed into the “Nippon India ETF Nifty 50 BeES GIFT” fund.
This equity fund will offer Japanese investors a unique opportunity to access India’s rapidly growing market by investing in ETFs that track the Nifty50 Index, representing India’s top 50 companies.
Financial Performance
NAM India reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 39 percent, rising from Rs. 423 crores in Q3 FY24 to Rs. 588 crores in Q3 FY25.
Similarly, during the same period, the company’s net profit increased marginally by around 4 percent YoY, from Rs. 284 crores to Rs. 295 crores.
Additionally, a conference call to discuss the company’s audited financial results for the quarter and year ending 31st March 2025 will be held on 28th April 2025.
About the Company
Nippon Life India Asset Management Limited (NAM India) is one of the largest asset managers in India, managing (directly & indirectly) assets across mutual funds, including Exchange Traded Funds (ETFs), managed accounts, including portfolio management services, alternative investment funds (AIFs), and offshore funds and advisory mandates.
NAM India is the asset manager of Nippon India Mutual Fund’s schemes. The company also acts as an advisor for India-focused Equity & Fixed Income funds in Japan (launched by Nissay Asset Management) and in Thailand (launched by BBL Asset Management). It also manages offshore funds through its subsidiary in Singapore and has a representative office in Dubai.
Written by Shivani Singh
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