Nippon Life India Asset Management Reports Record Profit and AUM Growth in FY25 Apr 29, 2025
More news about Nippon Life India AMC
28Apr 25
Nippon Life India Asset Management: Q4 Profit Dips Despite Revenue Growth, Strong FY25 Performance
Nippon Life India Asset Management Limited (NAM India) announced its financial results for FY25, showing robust growth despite a slight decrease in Q4 profits. The company reported its highest ever annual operating profit of ₹1,404.00 crore, up 47% year-over-year, and a consolidated profit after tax of ₹1,286.00 crore, a 16% increase. Total AUM reached ₹6.54 trillion, with mutual fund QAAUM up 29% to ₹5.57 trillion. The company declared a total dividend of ₹18.00 per share for FY25. NAM India also saw growth in market share, systematic investment plans, and digital transactions, maintaining its position as a leading asset manager in India.
21Apr 25
Nippon Life India Asset Management Recovers from Cyber Security Incident, Services Fully Restored
Nippon Life India Asset Management (NAM India) has fully restored its digital services following a cyber security incident on April 10, 2025. The company's mobile application and website are now fully functional. Core operating systems were restored by the next working day, and alternate transaction channels remained unaffected throughout. NAM India reported no material impact on operations due to the incident.
17Apr 25
Nippon Life India Asset Management Grapples with Website Outage Following Cyberattack
Nippon Life India Asset Management's website has been inaccessible since April 9 due to a cyberattack. The company is working with cybersecurity experts to resolve the issue and has assured investors of alternative access to their funds. This incident highlights the importance of robust cybersecurity measures in the asset management industry.