Nam India Q1 FY23 Results Highlights

  • Consolidated Revenue up 4.58% Net Profit down -37%
  • Market Share at 7.40% up 16bps, AUM at Rs.2.79 trillion up 16% against Industry AUM reduced 2% to Rs.37.74 T from Rs.38.38 T
  • Decline of 2 % in Industry AUM was due to fall in equity as well as fixed income assets
  • Dominance in ETF segment with 74% volume share and overall market share of 14%
  • Wide range of ETF options for Investors
  • In volatile market, folios with lower ticket size demonstrated longer vintage
  • In Q1 digital platform contributed 55% of total new purchase transactions
  • In FY22 declared a highest dividend with Payout ratio of 96% (96% of profit distributed as dividend)
  • Other income loss of Rs.16.7 Cr vs Rs.66.9 of Profit was majorly due to Mark to Market Loss
  • Lower yield even after increase in overall AUM is due to addition of AUM of ETFs which is low yield product
  • Pressure on yield, as investors are on flight to safety (cutting down long term debt and shifty money to liquid or passive funds) will continue for the time being but will keep reducing
  • Draft submitted to SEBI to launch new International Active and Passive funds