Nippon Life India

Nippon Life India AMC reported a strong Q4 FY26 with revenue of INR 7.39BCurrent reported value: INR 7.39B. No comparable prior figure is available in the source record. (+30Current reported value: 30. No comparable prior figure is available in the source record.% YoY), operating profit of INR 4.93BCurrent reported value: INR 4.93B. No comparable prior figure is available in the source record. (+39% YoY), and PAT of INR 3.85BCurrent reported value: INR 3.85B. No comparable prior figure is available in the source record. (+29Current reported value: 29. No comparable prior figure is available in the source record.% YoY). The company was the fastest-growing AMC among the top 10, with QAAUM market share rising 63bps YoY to 8.89%Current 8.89%. Reported change: +63bps YoY. — the highest since June 2019. Key drivers included robust ETF flows (market share 21.4%Current 21.4%. Reported change: +234bps YoY., up 234bps YoY), a 17% YoY rise in monthly SIP book to INR 37.2BCurrent INR 37.2B. Reported change: +17% YoY., and digital transaction growth of 44% YoY. Management guided for 15% YoY expense growth and expects operating leverage to improve margins over time. A new regulation effective April 2026 will impact yields by ~3.5-4bps, fully passed to distributors. Risk: sustained market volatility could slow SIP momentum and pressure equity AUM growth.