The asset manager disclosed a ₹96.76 crore one‑time cost on its earnings call, a fee reversal that will dent its net expense ratio for the quarter.
Investor base growth remained flat at 0% in the last six months, a sharp contrast to the 12% compound growth seen in 2022, according to the company's portfolio analytics.
High‑net‑worth clients are shuffling capital from large‑cap mutual funds into specialised investment funds and direct bonds, as recent one‑to‑two‑year returns lag behind the broader equity benchmark by roughly 3.5 points.
To counter outflows, Nippon Life AMC is rolling out a suite of digital tools aimed at promoting long‑term investing, including AI‑driven portfolio rebalancing and a new mobile app.
The firm also announced plans to launch an infrastructure debt fund once market conditions turn favourable, and it expects SEBI’s updated portfolio‑management rules to widen the market for alternative assets.
Analysts are watching the upcoming FY25 guidance, expecting the firm to strengthen its fee‑income base as digital adoption takes hold and the alternative assets segment expands.