Key Financial Performance

Consolidated Financials (INR millions)

Q2 FY27 Performance:

  • Revenue from Operations: ₹7,958 (21% YoY growth)
  • Operating Expenditure: ₹2,723 (14% YoY growth)
  • Core Operating Profit: ₹5,234 (25% YoY growth)
  • Other Income: ₹231 (-37% YoY)
  • Profit Before Exceptional Items & Tax: ₹5,466 (20% YoY growth)
  • Exceptional Items: ₹968
  • Profit Before Tax: ₹4,498 (-1% YoY)
  • Profit After Tax: ₹3,244 (-6% YoY, -36% QoQ)

H1 FY27 Performance:

  • Revenue from Operations: ₹15,626 (24% YoY growth)
  • Operating Expenditure: ₹5,449 (16% YoY growth)
  • Core Operating Profit: ₹10,177 (28% YoY growth)
  • Other Income: ₹1,934 (6% YoY growth)
  • Profit Before Exceptional Items & Tax: ₹12,111 (24% YoY growth)
  • Exceptional Items: ₹968
  • Profit Before Tax: ₹11,143 (14% YoY growth)
  • Profit After Tax: ₹8,281 (12% YoY growth)

Standalone Financials (INR millions)

Q2 FY27:

  • Revenue from Operations: ₹7,468 (22% YoY growth)
  • Core Operating Profit: ₹5,190 (26% YoY growth)
  • Exceptional Items: ₹968
  • Profit After Tax: ₹3,167 (-6% YoY, -35% QoQ)

H1 FY27:

  • Revenue from Operations: ₹14,675 (25% YoY growth)
  • Core Operating Profit: ₹10,084 (28% YoY growth)
  • Exceptional Items: ₹968
  • Profit After Tax: ₹8,031 (11% YoY growth)

Assets Under Management & Market Position

Overall AUM (Closing): ₹8.68 trillion

  • Mutual Funds: ₹7.54 trillion
  • Managed Accounts: ₹1.00 trillion
  • International: ₹135 billion (including Advisory ₹15 billion)
  • GIFT City: ₹4.3 billion

Quarterly Average AUM (QAAUM): ₹7,871 billion (+20% YoY, +5% QoQ)

Market Share: 9.02% (+51 bps YoY, -1 bp QoQ)

Equity Market Share: 7.40% (+27 bps YoY, +2 bps QoQ)

Company maintained 4th largest AMC rank in both Total and Equity QAAUM, and is the No.1 Non-Bank Sponsored AMC and Foreign Owned AMC in India.

Business Highlights & Operational Metrics

Distribution Network:

  • Locations: 271
  • Empaneled Distributors: Over 126,600
  • Employees: 1,222
  • Single distributor concentration: <5% of assets

Investor Base:

  • Unique Investors: 24.3 million (38.4% market share)
  • Total Folios: 40.6 million (+0.4 million QoQ)
  • B-30 locations contribute 18.8% of AUM
  • Individual segment contributes 61% of AUM

Systematic Investments:

  • Q2 FY27 Systematic Flow: ₹111.5 billion (+4% YoY, +1% QoQ)
  • Annualized Systematic Book: ₹445 billion
  • SIP AUM: ₹1.86 trillion (+19% YoY)
  • SIP Folios: 11.0 million (+5% YoY)

ETF Business:

  • ETF QAAUM: ₹2,486 billion (+36% YoY, +2% QoQ)
  • Market Share: 21.12% (+135 bps YoY)
  • Gold ETF QAAUM: ₹563 billion
  • Category leader with highest liquidity in industry across multiple ETF categories

Digital Performance:

  • 9.00 million digital transactions in H1 FY27
  • 78% contribution to overall purchase + new SIP transactions for H1 FY27
  • 50 new digital purchases/new SIPs every minute in H1 FY27

Investment Portfolio

As of September 30, 2026 (INR millions):

  • Investment in NIMF's schemes: ₹33,806
  • Debt: ₹28,027
  • Equity: ₹5,779
  • Bank FDs and tax-free bonds: ₹3,920
  • Other assets: ₹3,253
  • Equity (AIF Schemes + Others): ₹1,312
  • Total Investment Book: ₹40,979

Alternative Investments & International Business

Nippon India Alternative Investments (NIAIF):

  • Total Commitment Raised: ₹99.8 billion (as of Sep-26)
  • Products across Public Equity, Real Estate, Private Credit & Venture Capital
  • Current fund raising for multiple AIF schemes

GIFT City Operations:

  • AUM: ₹4.3 billion (~USD 45 million)
  • Multiple feeder funds and actively managed funds
  • Fund pipeline includes Nippon India Digital Innovation Fund 2B

CSR Initiatives

  • NAM India to allocate up to ₹300 million towards CSR initiatives in FY27
  • Focus areas: Supporting armed forces dependents, athletes, education, rural development, healthcare
  • Estimated beneficiaries: ~59,150 individuals across various programs

Dividend History

  • Total Dividend ₹21.50 per share in FY26
  • ~91.5% of FY26 standalone earnings shared with shareholders
  • Cumulative dividend of ~₹76 billion in last 12 financial years

Board of Directors

Listed directors include Mr. Upendra Kumar Sinha (Independent Director & Chairperson), Mr. Ashvin Parekh (Independent Director), Mr. Minoru Kimura (Associate Director), Mr. Hiroki Yamauchi (Associate Director), Mr. Balasubramanyam Sriram (Independent Director), Mrs. Sonu Bhasin (Independent Director), Mr. Hironao Kunita (Associate Director), and Mr. Sundeep Sikka (Managing Director & CEO).

Industry Context

  • Mutual Fund industry showing quarterly AUM growth with increasing proportion of equity assets
  • Strong retail participation driving equity asset growth
  • Monthly SIP flows at ₹325 billion in Sep-2026 (all-time high)
  • SIP folios increased by 9% YoY
  • SIP AUM increased by 15% YoY