Nippon Life India Asset Management Ltd. · NSE:NAM_INDIA
Nippon Life India Asset Management — Q4 FY25 Earnings Presentation
54 slides from Nippon Life India Asset Management's earnings presentation, Apr 28, 2025
Slide 1: Filing cover letter to stock exchanges
April 28, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block, Bandra Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 BSE Scrip Code: 540767 NSE Scrip Symbol: NAM-INDIA Dear Sir(s), Sub.
Slide 2: Investor Presentation – Q4 FY25
Data Classification: Public Investor Presentation – Q4 FY25 Apr-2025
Slide 3: Contents
Data Classification: Public Contents 1 Mutual Fund Industry 2 Nippon Life India Asset Management Limited 3 ESG Focus 4 Financial Overview 5 Annexures 2
Slide 4: Mutual Fund Industry
Data Classification: Public Mutual Fund Industry 3
Slide 5: Quarterly AUM Trend
Data Classification: Public Quarterly AUM Trend Industry AAUM (INR trillion) 7.97%* 8.31%* 8.26%* 54.1 68.6 67.4 12.3% 12.1% 12.0% 10.8% 9.5% 10.1% 18.9% 17.6% 18.0% 58.0% 60.8% 60.0% Mar-24 Dec-24 Mar-25 Equity Debt Liquid ETFs ▪ Proportion of Equity assets have increased over the last year ▪ Incre
Slide 6: Segment-wise Mix & Geographic Spread
Data Classification: Public Segment-wise Mix & Geographic Spread Segment-wise AUM T-30/B-30 AUM B-30 18% Retail 27% HNI 34% Corporate 40% T-30 82% ▪ Individual segment contributes 60% of AUM ▪ B-30 locations contribute 18% of AUM Source: AMFI Data based on MAAUM for the last month of the quarter 5
Slide 7: Systematic Investments
Data Classification: Public Systematic Investments Monthly SIP flows (INR bn) SIP folios (mn) 265 103 101 259 84 193 Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 SIP AUM (INR bn) ▪ Steady growth witnessed in the monthly SIP flows (+35% YoY) ▪ At INR 259 bn, Mar-2025 recorded monthly SIP flows marginall
Slide 8: Nippon Life India Asset Management
Data Classification: Public Nippon Life India Asset Management 7
Slide 9: NAM India At A Glance
Data Classification: Public NAM India At A Glance One of the largest Asset Managers in India, with track record of ~30 years International NAM India Mutual Funds Managed Accounts INR 152 bn AUM INR 5.54 trn* INR 844 bn (Advisory INR 20 bn) INR 6.54 trn* GIFT City - INR 0.7 bn Locations Distributors
Slide 10: Key Highlights (1/2)
Data Classification: Public Key Highlights (1/2) Rank 1 Maintained industry ranking of 4th Largest AMC based on QAAUM No.1 Non-Bank Sponsored MF in India AAUM Mar-25 QAAUM - INR 5,572 bn, +29% YoY / -2% QoQ Investor Folio Base 2 Market share at 8.26%, +30 bps YoY / -4 bps QoQ 3 Highest Investor Base
Slide 11: Key Highlights (2/2)
Data Classification: Public Key Highlights (2/2) ETF Profitability 6 Mar-25 QAAUM - INR 1,539 bn 7 Q4 FY25 Profit After Tax at INR Market share at 19.1% (+236 bps YoY) 2.99 bn (-13% YoY / +1% QoQ) Digital Customer Centricity 3.54 Mn Digital transactions in Q4 FY25 One of the Lowest Investor 8 9 Cont
Slide 12: A Complete Asset Manager
Data Classification: Public A Complete Asset Manager Comprehensive Product Bouquet AUM Spread Across Asset Classes Offerings across MF, AIF/PMS and Offshore Equity constitutes 50% of MF AUM Diverse MF offerings in active/passive space ETFs constitute 28% of MF AUM Wide Reach Strong Physical & Digita
Slide 13: Comprehensive Product Bouquet
Data Classification: Public Comprehensive Product Bouquet Mutual Fund AIF - 19 schemes Public Equity Active Passive 44 schemes 48 schemes Real Estate Credit Equity Structured Credit Equity (Index Market Cap based Funds/ ETFs) Sector Broad Market Tech VC Thematic Sector International Thematic/Strateg
Slide 14: MF AUM Spread Across Asset Classes
Data Classification: Public MF AUM Spread Across Asset Classes QAAUM (INR bn) 4,313 5,700 5,572 25.9% 26.4% 27.6% 9.1% 7.3% 7.6% 15.8% 15.2% 15.0% 49.2% 51.1% 49.8% Mar-24 Dec-24 Mar-25 Equity Debt Liquid ETFs ▪ Share of Equity AUM has increased over Mar-2024 level to 50% ▪ Share of ETF AUM has incr
Slide 15: Optimal Mix of Investors
Data Classification: Public Optimal Mix of Investors MAAUM (INR bn) 4,420 5,776 5,565 42% 40% 41% (8.5%)* (8.6%)* (8.6%)* 28% 29% 30% (6.7%)* (7.2%)* (7.4)* 30% 31% 29% (9.1%)* (9.4%)* (9.2%)* Mar-24 Dec-24 Mar-25 Retail HNI Corporate Investor segment-wise AAUM Retail ▪ NIMF’s Retail share at 29% is
Slide 16: Wide Reach
Data Classification: Public Wide Reach B-30 AAUM/Total AAUM B-30 Folios (mn) 12.2% 11.8% 11.8% NIMF 20.0% 12.6 13.2 9.8 Industry 18.2% Mar-24 Dec-24 Mar-25 B-30 MAAUM (INR bn) 8.8% 9.2% 9.2% 1,181 1,114 862 Mar-24 Dec-24 Mar-25 Source: AMFI; 15 Calculated on MAAUM
Slide 17: Wide Reach
Data Classification: Public Wide Reach Unique Investors (mn) Total Folios (mn) 37.0% 38.0% 38.3% 13.7% 13.8% 13.9% 31.0 32.5 20.0 20.8 16.5 24.3 Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 Overall Distribution Mix ▪ NIMF has the largest investor base in the industry Distributed Assets ▪ NIMF’s market
Slide 18: Strong Physical Distribution
Data Classification: Public Strong Physical Distribution Total base of empaneled distributors at over 1,11,400 with highest single Distributor concentration at ~5% of assets 102 76 87 1,11,200+ Banks National Alternate Mutual Fund Distributors (incl. PSU banks) Distributors Distributed Assets (chann
Slide 19: Focused Business Verticals for Various Segments
Data Classification: Public Focused Business Verticals for Various Segments Key Clients Group (KCG) ▪ Experienced Institutional sales team managing specific target segment of clients with focused business approach by maintaining relationship with Large corporate groups, Banks and financial Instituti
Slide 20: Acquisition & Retention – NIMF’s Integrated-Commerce Digital Ecosystem
Data Classification: Public Acquisition & Retention – NIMF’s Integrated-Commerce Digital Ecosystem 19
Slide 21: Strong Digital Presence
Data Classification: Public Strong Digital Presence Lumpsum & New SIP Registration Digital Purchases (mn)* Q4 FY25 3.54 1.5X Q4 FY24 2.37 Digital Business Digital Every three seconds 3.54 Mn 74% 40/min two Lumpsum Q4 FY25 transactions Q4 FY25 contribution to Q4 FY25 total NIMF Purchases or New SIP (
Slide 22: Steady Systematic Transactions
Data Classification: Public Steady Systematic Transactions Quarterly Systematic Book (INR bn) Q4 FY25 Book (INR bn) 90.5 90.3 99.1 97.2 75.3 33.5 31.8 31.8 52.7 18.3 19.4 27.4 FY21 FY22 FY23 FY24 FY25 Q1 Q2 Q3 Q4 Jan-25 Feb-25 Mar-25 Avg. Avg. Avg. Avg. Avg. FY25 FY25 FY25 FY25 SIP accounts continui
Slide 23: ETF - Leadership Position Maintained
Data Classification: Public ETF - Leadership Position Maintained One of the largest bouquet of 24 ETFs in the industry across Equities, Debt & Commodities 53% 53% 19% INR 1,539 bn INR 178 bn Volume Share* Share of folios^ Market Share^ ETF QAAUM Gold ETF QAAUM NSE volume (Jan - Mar 2025) (INR mn)**
Slide 24: Nippon India Alternative Investments (NIAIF)
Data Classification: Public Nippon India Alternative Investments (NIAIF) Total Commitment Raised (Till date) Mar-24 Dec-24 Mar-25 INR 61.3 bn INR 69.8 bn INR 74.1 bn ▪ Currently offers products across four business lines namely Public Equity, Real Estate, Private Credit & Tech VC ▪ Fund raising curr
Slide 25: Facilitating Japanese Inflows into India – via GIFT City
Data Classification: Public Facilitating Japanese Inflows into India – via GIFT City Assets Under Management Mar-24 Dec-24 Mar-25 NA NA INR 0.7 bn ▪ Nippon Life India Asset Management Ltd. set up a branch in GIFT City and has taken a Fund Management Entity (FME) license to manage funds ▪ Launched fi
Slide 26: Offshore Business - Creating ‘Expressways’ Globally
Data Classification: Public Offshore Business - Creating ‘Expressways’ Globally Key presence Singapore Dubai Japan 188 172 (INR bn) 156 21 20 22 Advisory Managed 167 152 134 Mar-24 Dec-24 Mar-25 Other International Tie Ups Xtrackers India Govt. Bond UCITS ETF Godo Kaisha Genkai India Investment* Bua
Slide 27: Process Orientation - Investments
Data Classification: Public Process Orientation - Investments Risk Rating of Factor Analysis Securities Risk Optimization tool Quantitative analyzing key factors Assessment Investment and comparing the portfolio &benchmark considering Business Philosophy – construct Risk and Management Risk The Nipp
Slide 28: PDCA Approach
Data Classification: Public PDCA Approach Plan Do Check Act ▪ Within fund ▪ Analysis and ▪ Monthly fund ▪ Adjustment in mandate (target prediction of review by the portfolio for return, risk, macro economy Fund better risk- benchmark, and market Management return investment ▪ Portfolio Team ▪ Refine
Slide 29: Investment Team
Data Classification: Public Investment Team 73 Members Investment Team Strength 28 16 Equity MF Fixed Income MF 27 2 Managed Accounts Offshore Business ~1,000 years Cumulative experience of Investment Team 20+ years Average tenure of CIOs with NAM India Dedicated Teams for Credit Research, Real Esta
Slide 30: ESG Focus
Data Classification: Public ESG Focus 29
Slide 31: Vision
Data Classification: Public Social responsibility commitment aligned with UN SDGs Vision To create a sustainable future for our stakeholders by integrating environmental, social and governance (ESG) principles into our business operations, investment processes and stewardship ESG integration initiat
Slide 32: CSR
Data Classification: Public CSR NAM has allocated INR 188 mn towards CSR initiatives in FY25 Number of Beneficiaries from Focus Areas NGO Partners SDG Linkage projects in FY25 5,217 ▪ Tata Memorial Centres Healthcare Community members from ▪ Vision Foundation of India economically weaker section 320
Slide 33: Financial Overview
Data Classification: Public Financial Overview 32
Slide 34: Financial Summary
Data Classification: Public Financial Summary Consolidated Q4 Q4 Change Q3 Change Change Particulars (INR mn) FY25 FY24 FY25 FY24 (YoY) FY25 (QoQ) (YoY) Revenue from Operations 5,665 4,683 21% 5,879 -4% 22,307 16,432 36% Operating Expenditure 2,118 1,865 14% 2,116 0% 8,264 6,849 21% Finance cost 18
Slide 35: Financial Assets
Data Classification: Public Financial Assets Constituents of Financial Assets (INR mn) Mar 31, 2025 Dec 31, 2024 Investment in NIMF’s schemes 29,452 25,638 - Debt 24,351 20,510 - Equity 5,102 5,128 Bank FDs and tax-free bonds 3,665 3,646 Other assets 3,895 4,454 - Equity (AIF Schemes + Others) 1,326
Slide 36: Dividend History
Data Classification: Public Dividend History Dividend Payout (INR bn) Earnings Per Share (INR) – Consolidated, Diluted 11.41 10.37 20.0 17.5 6.84 7.16 10.9 11.8 11.5 4.93 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Total Dividend INR 18.00 per share in FY25 ~91% of FY25 standalone earnings sha
Slide 37: Thank you for your time!
Data Classification: Public Thank you for your time! 36
Slide 38: Annexure
Data Classification: Public Annexure 37
Slide 39: Macro Trends
Data Classification: Public Macro Trends 38
Slide 40: Industry AUM has grown rapidly over the last decade
Data Classification: Public Industry AUM has grown rapidly over the last decade CAGR for MF AUM: 3-yr: 21% / 5-yr: 22% / 10-yr: 19% MF AUM (INR trillion) % of GDP 20% 18% 16% 16% 15% 13% 12% 11% 11% 9% 9% 66.7 55.0 37.7 40.0 32.2 22.7 24.6 24.7 13.6 18.6 12.1 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22
Slide 41: Under-penetration presents significant growth potential
Data Classification: Public Under-penetration presents significant growth potential MF AUM/GDP 123% 96% 79% 83% 65% 61% 53% 60% 17% World Brazil Canada Germany India Japan Sweden United United Kingdom States Unique MF investors 3.7% ▪ Mutual Fund penetration in India is 3.1% 2.6% low as % of GDP vs
Slide 42: Key Enablers – Robust Economic Growth
Data Classification: Public Key Enablers – Robust Economic Growth CAGR: 10% India GDP (INR trillion) YoY growth 19% 14% 11% 12% 11% 12% 10% 11% 10% 331 6% 301 269 236 189 201 199 154 171 -1% 125 138 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 ▪ India is now the 5th largest economy in the
Slide 43: Key Enablers – Financialization of Savings
Data Classification: Public Key Enablers – Financialization of Savings Gross Financial Savings (INR trillion) CAGR: 11% % of Household Savings 68.1% 60.5% 57.9% 62.4% 60.5% 62.8% 58.9% 55.1% 58.6% 52.1% 51.5% 31 34 26 29 23 12 13 15 16 21 23 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 No.
Slide 44: Key Enablers – Favourable Demographics
Data Classification: Public Key Enablers – Favourable Demographics ~60% of India’s population is in the working age group 65 yrs and above 7% 0-14 yrs 45-64 yrs 27% 20% 15-44 yrs 46% Source: NFHS-5; 2019-21 statistics 43
Slide 45: Key Enablers – Increased Awareness
Data Classification: Public Key Enablers – Increased Awareness Investor education and awareness initiative by AMFI The initiative has reached out to Indians across states and languages through TV, Digital, Print and other media 44
Slide 46: Key Enablers – Easy Accessibility
Data Classification: Public Key Enablers – Easy Accessibility Smartphone penetration in India UPI transaction volumes (bn) CAGR: 72% 75% 186 66% 71% 61% 54% 131 46% 35% 84 29% 19% 23% 46 13 22 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 FY20 FY21 FY22 FY23 FY24 FY25 ▪ Smartphone penetration (%
Slide 47: About Nippon Life Insurance
Data Classification: Public About Nippon Life Insurance 46
Slide 48: Profile
Data Classification: Public Profile ❑ Largest market share in Japan among private life insurers in terms of premium income ❑ Total assets over JPY 97 Trillion ❑ 60 Asset Management related & 21 Insurance related operations worldwide * *As of March 31, 2024 Asset Management Life Insurance Shareholdin
Slide 49: Nippon Life Group
Data Classification: Public Nippon Life Group Nippon Life Domestic Insurance Business Asset Management Business Global Insurance Business Nippon Life Insurance Company MLC Limited (80.0%) Nissay Asset Management Corporation (100.0%) TAIJU LIFE INSURANCE Reliance Nippon Life (85.0%) COMPANY LIMITED I
Slide 50: Board of Directors
Data Classification: Public Board of Directors 49
Slide 51: Profile of Board Members
Data Classification: Public Profile of Board Members Mr. Upendra Kumar Sinha (Independent Director & Chairman) a 1976 batch IAS officer of Bihar cadre, during his 3 decades plus of experience has held several responsible government positions in India, including as Joint Secretary (Banking) and Joint
Slide 52: Profile of Board Members
Data Classification: Public Profile of Board Members Mr. Ashvin Parekh (Independent Director) is a qualified Chartered Accountant and has set up the advisory firm that provides services to the Boards and the management of BFSI companies. Mr. Parekh retired as a Senior Partner from Ernst & Young in J
Slide 53: Profile of Board Members
Data Classification: Public Profile of Board Members Mr. Tomohiro Yao (Associate Director) is Regional CEO for Asia Pacific and Head of India at Nippon Life Insurance (NLI). He is responsible for operations in the Asia Pacific. He is a seasoned professional with over 25 years of experience in the li
Slide 54: Disclaimer
Data Classification: Public Disclaimer This presentation does not constitute a prospectus, an offering circular, an advertisement, a private placement offer letter or offer document or an offer, or a solicitation of any offer, to purchase or sell any securities under the Companies Act, 2013 and the
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