Nippon Life India Asset Management Limited (NAM India) has expanded its equity base by allotting 57,654 new equity shares under various employee stock plans, as approved by the company's Allotment Committee on November 12, 2025.

Breakdown of Allotment

The allotment, which aims to incentivize and retain talent, was distributed across four different employee stock plans:

Financial Impact

The allotment has resulted in an increase in the company's paid-up equity share capital. Following this issuance, NAM India's total paid-up equity share capital now stands at 63,67,04,470 equity shares, each with a face value of Rs. 10.00.

Key Details of the Allotment

• The newly allotted shares will rank equally with existing equity shares in all respects.
• The allotment was made under different grant prices for each plan, reflecting various market conditions at the time of grant.
• The total amount received by the company from these allotments varies based on the grant price of each plan.

Regulatory Compliance

This allotment was made in compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company has duly informed the BSE Limited and the National Stock Exchange of India Limited about this development.

Implications for Investors

While this allotment represents a marginal increase in the total number of outstanding shares, it underscores NAM India's commitment to aligning employee interests with those of the company and its shareholders. Such equity-based compensation plans are often viewed positively by the market as they help in attracting and retaining talent, which is crucial in the competitive asset management industry.

Investors should note that while such allotments may have a slight dilutive effect on earnings per share in the short term, they are designed to drive long-term value creation through improved employee performance and retention.

Nippon Life India Asset Management (NAM India) has reported its highest-ever quarterly operating profit of INR 4.19 billion for Q2, marking a significant 15% year-over-year and 11% quarter-over-quarter increase. The company's strong performance comes amid its position as the fastest-growing asset management company (AMC) among the top 10 in India during H1.

Financial Highlights

NAM India's Q2 financial results showcase robust growth across key metrics:

The company's total assets under management (AUM) reached INR 7.61 trillion, encompassing mutual funds, managed accounts, offshore funds, and GIFT City operations.

Market Share and Growth

NAM India has seen notable improvements in its market position:

• Overall market share increased to 8.51%, the highest since June 2019
• Equity market share rose to 7.13%, up 17 basis points year-over-year
• Mutual Fund Quarterly Average AUM (QAAUM) grew by 19.5% year-over-year to INR 6.57 trillion

Systematic Investment Plans (SIPs) and ETFs

The company reported strong performance in its systematic investment plans and exchange-traded funds (ETFs):

• Monthly systematic book increased by 16% year-over-year to INR 36.4 billion
• SIP market share stood at 10.02% for September
• ETF market share reached 19.77%, with a 160 basis points increase year-over-year
• NAM India maintains a 50% share in industry ETF folios

Dividend Declaration

The Board of Directors has declared an interim dividend of INR 9.00 per share along with the Q2 results, reflecting the company's strong financial position and commitment to shareholder returns.

Digital Initiatives and Future Outlook

NAM India continues to strengthen its digital capabilities:

• Digital purchase transactions and new SIP registrations rose to 4.2 million in Q2, up 18% year-over-year
• Digital business contributed 75% of total new purchase transactions in H1

The company remains focused on expanding its alternative investment fund (AIF) offerings and offshore presence, with plans to launch new products and enter new geographies.

Sundeep Sikka, Executive Director & CEO of Nippon Life India Asset Management, commented on the results during the earnings call, stating, "NAM India has achieved its highest ever quarterly Operating Profit at INR 4.19 bn. Further, NAM India was the fastest growing AMC in the Top-10 AMCs in H1."

As the Indian mutual fund industry continues to grow, NAM India's strong performance and strategic initiatives position it well for future growth in the dynamic asset management landscape.