ICICI Direct's research report on Nippon Life India AMC
Nippon Life India AMC is among the largest asset managers in India with an AUM size of Rs 3.46 lakh crore. The company has a strong distribution network with 84300+ distributors. Market share as on Q4FY22 was at 7.4% Strong presence in B-30 cities that contribute to 17.2% of total AUM.
We maintain BUY rating on the stock. We value Nippon AMC at ~5.3% FY24E AUM and revise our target price to Rs 400 per share.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.