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Indian mutual fund manager (formerly Reliance Mutual Fund), majority-owned by Japan's Nippon Life Insurance.
Indian mutual fund manager (formerly Reliance Mutual Fund), majority-owned by Japan's Nippon Life Insurance.
Earns an annual fee on the assets in its funds, higher on equity schemes than debt ones, so revenue follows market levels and the monthly flows of retail investors who buy through SIPs, systematic investment plans of fixed monthly purchases. Distribution runs through banks, brokers and independent advisers. Nippon Life of Japan is the majority owner.
In one line: India's smaller asset manager under Japanese ownership.
Moat: narrow (brand, distribution, scale). An established distribution franchise inherited from Reliance Mutual Fund, now backed by Nippon Life's capital and expertise.
Headquarters: Mumbai, India · Founded: 1995 · Employees: 1,563
Size Nippon Life India Asset Management (NAM-INDIA.NS) is an India Financials company (Investment Managers) with a market value of $7.22B, the 159th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,065 on 6 Nov 2026.
Performance Over six months the shares fell 3.8%, against +0.1% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 22.8% over the last twelve months (peer median +10.6%); the operating margin is 68.0% (peer median 31.9%).
Valuation It trades at 39.1× forward earnings against a peer median of 12.9× (most expensive of 19).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹32.4B | ₹29.3B | ₹25.2B | ₹20.4B | ₹15.2B |
| Revenue growth | — | +16% | +24% | +34% | — |
| Gross profit | ₹31.1B | ₹28.2B | ₹24.2B | ₹19.5B | ₹14.4B |
| EBITDA | ₹22.5B | ₹20.4B | ₹17.5B | ₹14.0B | ₹9.76B |
| Net income | ₹16.2B | ₹15.3B | ₹12.9B | ₹11.1B | ₹7.23B |
| Free cash flow | n/a | ₹14.3B | ₹6.92B | ₹7.93B | ₹6.05B |
| Capital expenditure | n/a | ₹790M | ₹5.41B | ₹119M | ₹104M |
| Total debt | ₹770M | ₹753M | ₹880M | ₹786M | ₹560M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nippon Life India Asset Management NAM-INDIA.NS | $7.22B | -4% | +23% | 68% | 39.1× | n/a |
| HDFC Asset Management HDFCAMC.NS | $12.0B | -7% | +12% | 80% | 35.5× | n/a |
| SBI Funds Management SBIFUNDS.NS | $10.8B | n/a | +21% | 89% | 31.1× | n/a |
| ICICI Prudential Asset Management ICICIAMC.NS | $15.4B | -11% | +22% | 73% | 39.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NAM-INDIA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.7% | +5.0% | 9th lowest of 21 |
| 6-month return | -3.8% | +0.1% | 9th lowest of 21 |
| Distance from 52-week high | -16.1% | -17.5% | 11th highest of 21 |
| Revenue growth (TTM) | +22.8% | +10.6% | 5th highest of 21 |
| Operating margin | 68.0% | 31.9% | 3rd highest of 21 |
| Forward P/E | 39.1× | 12.9× | most expensive of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nippon Life India Asset Management NAM-INDIA.NS | India | $7.22B | -4% | +23% | 68% | 39.1× | n/a | n/a |
| ICG ICG.L | United Kingdom | $7.32B | +2% | +6% | 60% | 11.9× | n/a | n/a |
| China Industrial Securities 601377.SS | China | $7.12B | -9% | -11% | 29% | 13.2× | n/a | n/a |
| Victory Capital VCTR | United States | $7.38B | +40% | +50% | 46% | 14.0× | n/a | n/a |
| Banca Generali BGN.MI | Italy | $7.73B | +4% | +17% | 38% | 15.3× | n/a | n/a |
| VZ Holding AG VZN.SW | Switzerland | $8.03B | +17% | +9% | 45% | 24.1× | n/a | n/a |
| ChinaLin Securities 002945.SZ | China | $6.27B | 0% | +15% | 25% | n/a | n/a | n/a |
| EFG International EFGN.SW | Switzerland | $6.26B | -1% | -1% | 26% | 14.4× | n/a | n/a |
| Vontobel VONN.SW | Switzerland | $6.18B | +36% | +11% | 25% | 12.6× | n/a | n/a |
| HealthEquity HQY | United States | $8.57B | +22% | +7% | 26% | 20.5× | n/a | n/a |
| China CITIC Financial Asset Management 2799.HK | Hong Kong | $5.83B | -24% | -18% | 135% | 3.1× | n/a | n/a |
| StepStone STEP | United States | $5.73B | -15% | +51% | -53% | 18.1× | n/a | n/a |
| Affiliated Managers AMG | United States | $9.39B | +20% | +12% | 22% | 9.1× | n/a | n/a |
| Capital Securities 601136.SS | China | $5.41B | -21% | +1% | 36% | n/a | n/a | n/a |
| Aberdeen ABDN.L | United Kingdom | $5.36B | +2% | +2% | 37% | 14.3× | n/a | n/a |
| Ninety One N91.L | United Kingdom | $5.18B | -6% | +10% | 26% | 11.1× | n/a | n/a |
| Caitong Securities 601108.SS | China | $5.12B | -11% | -12% | 31% | 10.7× | n/a | n/a |
| HA Sustainable Infrastructure Capital HASI | United States | $5.00B | -5% | +27% | 69% | 12.6× | n/a | n/a |
| Hamilton Lane HLNE | United States | $4.99B | +1% | +19% | 58% | 12.3× | n/a | n/a |
| 360 One Wam 360ONE.NS | India | $4.95B | +3% | +25% | 33% | 35.1× | n/a | n/a |
| Colliers International CIGI.TO | Canada | $4.88B | -5% | +14% | 7% | 11.8× | n/a | n/a |