Nippon Life India Asset Management Limited — Dividend/Bonus, 24-10-2024: Dividend

Nippon Life India Asset Management reported a robust Q2 FY25, with profit after tax rising 47% YoY to INR 3.60 billion. The Board approved an interim dividend of INR 8.00 per share, with total income for the quarter at INR 6.92 billion. The company's mutual fund AUM increased 57% YoY to INR 5.49 trillion, achieving the highest market share growth among AMCs. Systematic flows soared by 91% YoY, reflecting strong investor engagement.