Nippon Life India Asset Management Ltd. · NSE:NAM_INDIA
Nippon Life India Asset Management — Q2 FY27 Earnings Presentation
47 slides from Nippon Life India Asset Management's earnings presentation, Oct 22, 2026
Slide 1: Exchange filing cover letter for investor presentation
October 22, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block, Bandra Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 BSE Scrip Code: 540767 NSE Scrip Symbol: NAM-INDIA Dear Sir(s), Su
Slide 2: Investor Presentation Q2 FY27
INVESTOR PRESENTATION Q2 FY27 For the quarter ended Sep -2026
Slide 3: Contents
Contents 1 Mutual Fund Industry 2 Nippon Life India Asset Management Limited 3 ESG Focus 4 Financial Overview 5 Annexures 2
Slide 4: Mutual Fund Industry
Mutual Fund Industry g e Ce gS WA <> Nippon Life india Asset Management Ltd 3
Slide 5: Quarterly AUM Trend
Quarterly AUM Trend Industry QAAUM (INR trillion) 77.1 83.1 87.2 12.0% 13.7% 13.5% 8.9% 9.5% 10.0% 18.3% 15.5% 14.3% 4.0% . 4.0% 4.1% 56.8% 57.2% 58.2% Sep-25 Jun-26 Sep-26 Equity Arbitrage Debt Liquid ETFs ▪ Proportion of Equity assets has increased over the last year ▪ Growth in Equity assets has
Slide 6: Segment-wise Mix & Geographic Spread
Segment-wise Mix & Geographic Spread Segment-wise MAAUM Location-wise MAAUM B-30 18.8% Retail HNI 27% 34% Corporate T-30 39% 81.2% ▪ Individual segment contributes 61% of AUM ▪ B-30 locations contribute 18.8% of AUM Source: AMFI Note: Data based on MAAUM for the last month of the quarter 5
Slide 7: Systematic Investments
Systematic Investments Monthly SIP Flows (INR bn) Contributing SIP Folios (mn) SIP AUM (INR bn) 17,861 17,705 15,523 318 325 294 92.5 97.8 100.6 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 ▪ Steady growth witnessed in the monthly SIP flows (+11% YoY) ▪ Monthly SIP flows in Sep-202
Slide 8: Nippon Life India Asset Management
Nippon Life India Asset Management 7
Slide 9: NAM India At A Glance
NAM India At A Glance One of the largest Asset Managers in India, with track record of 30+ years International NAM India Mutual Funds Managed Accounts INR 135 bn AUM (Advisory INR 15 bn) (Closing) INR 8.68 trn INR 7.54 trn INR 1.00 trn GIFT City – INR 4.3 bn Locations Distributors Folios Employees R
Slide 10: Key Highlights (1/2)
Key Highlights (1/2) AUM & Market Share Rank QAAUM INR 7,871 bn, +20% YoY/+5% QoQ Maintained rank of 4th Largest AMC MS 9.02%, +51 bps YoY/-1 bp QoQ 1 based on Total and Equity QAAUM 2 Fastest growing AMC YTD in Top-10 AMCs No.1 Non-Bank Sponsored AMC and Highest MS increase YTD in Top-10 AMCs Forei
Slide 11: Key Highlights (2/2)
Key Highlights (2/2) ETF QAAUM INR 2,486 bn Profitability 5 +36% YoY / +2% QoQ 6 Q2 FY27 Profit After Tax at INR 3.24 bn Market share at 21.12% (-6% YoY / -36% QoQ) +135 bps YoY Employee Focus Digital GOLD accreditation on India’s Iconic 9.00 Mn Digital transactions in H1 FY27 Workplaces’26 by Mint
Slide 12: A Complete Asset Manager
A Complete Asset Manager Comprehensive Product Bouquet AUM Spread Across Asset Classes Offerings across MF, AIF/PMS and Offshore Equity constitutes 48% of MF AUM Diverse MF offerings in active/passive space ETFs constitute 32% of MF AUM Wide Reach Strong Physical & Digital Distribution Largest inves
Slide 13: Comprehensive Product Bouquet
Comprehensive Product Bouquet Mutual Fund AIF – 14 Schemes Active – 47 Schemes Passive – 55 Schemes Public Equity Real Estate Credit Equity Equity (Index Structured Credit Market Cap based Funds/ ETFs) Sector Broad Market Tech VC Thematic Sector International Thematic/Strategy International PMS - 7
Slide 14: MF AUM Spread Across Asset Classes
MF AUM Spread Across Asset Classes NIMF QAAUM (INR bn) 8.51%* 9.04%* 9.02%* 6,565 7,515 7,871 27.9% 32.4% 31.6% 6.6% 6.3% 6.7% 15.5% 12.4% 11.8% 2.3% 2.2% 2.2% 47.6% 46.7% 47.7% Sep-25 Jun-26 Sep-26 Equity Arbitrage Debt Liquid ETFs ▪ Share of Equity AUM remained relatively stable on a YoY basis ▪ S
Slide 15: Optimal Mix Of Investors
Optimal Mix Of Investors NIMF MAAUM (INR bn) Investor segment-wise MAAUM 6,664 7,614 7,894 NIMF 29% 33% 38% 40% 38% 38% (8.8%)* (8.8%)* (8.9%)* 31% 33% 33% (7.8%)* (8.9%)* (8.8%)* Industry 27% 34% 39% 29% 29% 29% (9.2%)* (9.6%)* (9.6%)* Sep-25 Jun-26 Sep-26 Retail HNI Corporate Retail HNI Corporate
Slide 16: Wide Reach
Wide Reach B-30 MAAUM / Total MAAUM B-30 Folios (mn) 16.0% 15.7% NIMF 20.7% 11.9% 22.2 22.4 14.8 Industry 18.8% Sep-25 Jun-26 Sep-26 B-30 MAAUM (INR bn) 9.1% 10.0% 10.0% 1,561 1,631 1,322 Sep-25 Jun-26 Sep-26 Market Share Source: AMFI 15
Slide 17: Wide Reach
Wide Reach Unique Investors (mn) Total Folios (mn) Overall Distribution Mix 39.0% 13.9% 14.4% 14.2% Direct MFDs 38.4% 38.4% NDs Banking Dist. 23% 24.1 24.3 40.2 40.6 60% 21.9 34.9 8% 10% Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 ▪ NIMF has among the largest investor bases in the industry ▪ NIMF’s ma
Slide 18: Strong Physical Distribution
Strong Physical Distribution Total base of empaneled distributors at over 1,26,600 with highest single distributor concentration at <5% of assets 103 70 95 1,26,400+ Banking National Alternate Mutual Fund Distributors Distributors (incl. PSU banks) Distributors Distributed Assets Distributed Assets
Slide 19: Strong Domestic Presence
Strong Domestic Presence Well diversified presence with touchpoints spread across India 100% 271 Of India’s 750 Offices and Districts serviced touchpoints 97% 207/64 Of India’s 19,500+ Branches/ Pincodes serviced REMG Locations Note: Branches in Blue, REMG locations in Red 18
Slide 20: Segment-Focused Business Verticals
Segment-Focused Business Verticals Key Clients Group (KCG) Experienced Institutional sales team managing specific target segment of clients with focused business approach by maintaining relationship with Large corporate groups, Banks and financial Institutions and aim to enhance market share from th
Slide 21: NIMF AI Framework catering to Investors & Distributors of Bharat
NIMF AI Framework catering to Investors & Distributors of Bharat How AI is working for us How AI is working for AI at Forefront of our Externally Existing Investors Digital Assets GEO Strategy to dominate AI Search Results Fund level Propensity Adobe Target Nudges • Identifying investors • Leveragin
Slide 22: Strong Digital Presence
Strong Digital Presence Lumpsum & New SIP Registration Digital Purchases (Mn)* H1 FY27 9.00 15% H1 FY26 7.80 Digital Business Every five seconds, transactions Digital 9 Mn 78% 50/min more than four (New purchase contribution H1 FY27 H1 FY27 H1 FY27 Lumpsum Purchases + New SIP to total NIMF or New SI
Slide 23: Steady Systematic Transactions
Steady Systematic Transactions Monthly Avg. Systematic Book (INR bn) Q2 FY27 Book (INR bn) +445% 35.3 36.8 37.2 37.4 37.0 37.0 30.2 17.6 6.5 9.1 FY22 FY23 FY24 FY25 FY26 Q1 FY27 Q2 FY27 Jul-26 Aug-26 Sep-26 SIP AUM continuing for >5 years As of Sep-2026 44% ▪ Folios at 11.0 mn (+5% YoY) 32% Industry
Slide 24: ETF - Leadership Position Maintained
ETF - Leadership Position Maintained One of the largest One of bouquet the largest ofof2624ETFs bouquet inthe ETFs in the industry industry across across Equities, Equities, Debt, & Debt & Commodities Commodities 46% 45% 21% INR 2,486 bn INR 563 bn Volume Share* Share of folios^ Market Share^ ETF QA
Slide 25: Nippon India Alternative Investments (NIAIF)
Nippon India Alternative Investments (NIAIF) Total Commitment Raised (Till date) Sep-25 Jun-26 Sep-26 INR 87.2 bn INR 95.8 bn INR 99.8 bn ▪ Currently offers products across four business lines namely Public Equity, Real Estate, Private Credit & Venture Capital ▪ Fund raising currently underway for:
Slide 26: Facilitating Japanese Inflows Into India Via GIFT City
Facilitating Japanese Inflows Into India Via GIFT City Assets Under Management Sep-25 Jun-26 Sep-26 INR 2.7 bn INR 4.5 bn INR 4.3 bn ▪ GIFT City funds have AUM of ~USD 45 mn across below mentioned schemes: o Nippon India Large Cap Fund GIFT, a feeder fund investing in existing Nippon India Large Cap
Slide 27: Offshore Business - Creating 'Expressways' Globally
Offshore Business - Creating ‘Expressways’ Globally Key presence Singapore Dubai Japan (INR bn) 180 19 164 151 17 15 Advisory Managed 161 147 135 Sep-25 Jun-26 Sep-26 Other International Tie Ups Xtrackers India Govt. Bond UCITS ETF (Europe) Godo Kaisha Genkai India Investment (Japan) Bualuang Bharat
Slide 28: Process Orientation - Investments
Process Orientation - Investments Risk Rating of Securities Factor Analysis Quantitative Assessment Risk Optimisation tool analysing considering Business Risk and key factors and comparing the Management Risk portfolio & benchmark construct Fund Casing Investment Objective Analyst Detailed framework
Slide 29: PDCA Approach
PDCA Approach Plan Do Check Act ▪ Within fund ▪ Analysis and ▪ Monthly fund ▪ Adjustment in mandate (target prediction of review by the Fund portfolio for return, risk, macro economy Management Team better risk-return benchmark, and market investment ▪ Risk and return ▪ Refine theme, etc.), ▪ Portfo
Slide 30: Investment Team
Investment Team 79 Members Investment Team Strength 30 17 Equity MF Fixed Income MF 27 3 2 Managed Accounts SIF Offshore Business ▪ ~1,100 years cumulative experience of Investment Team ▪ 22+ years average tenure of CIOs with NAM India ▪ Dedicated Teams for Credit Research, Real Estate, and Venture
Slide 31: ESG Focus
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Slide 32: ESG - Driving Responsible Growth
ESG - Driving Responsible Growth To create a sustainable future for our stakeholders by integrating environmental, Vision social and governance (ESG) principles into our business operations, investment processes and stewardship Environment Governance Social Our Stewardship Excellence Responsibility
Slide 33: CSR
CSR NAM India to allocate up to INR 300 mn towards CSR initiatives in FY27 CSR Core Estimated Focus Areas NGO Partners SDG Linkage Pillars Beneficiaries in FY27* People ▪ Supporting dependents ▪ Army Welfare CSR ▪ ~ 2,000 Dependant of Supporting dependents Fund Army personal of Armed forces ▪ Founda
Slide 34: Financial Overview
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Slide 35: Financial Summary
Financial Summary Consolidated Q2 Q2 Change Q1 Change H1 H1 Change Particulars (INR mn) FY26 FY27 FY26 (YoY) FY27 (QoQ) FY27 FY26 (YoY) Revenue from Operations 7,958 6,581 21% 7,669 4% 15,626 12,647 24% 27,087 Operating Expenditure 2,723 2,392 14% 2,726 0% 5,449 4,679 16% 9,611 Finance cost 16 18 -9
Slide 36: Investment Book
Investment Book Particulars (INR mn) Sep 30, 2026 Jun 30, 2026 Investment in NIMF’s schemes 33,806 38,279 - Debt 28,027 32,379 - Equity 5,779 5,900 Bank FDs and tax-free bonds 3,920 3,901 Other assets 3,253 3,092 - Equity (AIF Schemes + Others) 1,312 1,276 Total 40,979 45,272 Other Other FDs & Asset
Slide 37: Dividend History
Dividend History Earnings Per Share (INR) - Dividend Payout (INR bn) Consolidated, Diluted 23.6 13.71 20.0 17.5 11.41 10.37 11.8 11.5 6.84 7.16 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 ▪ Total Dividend INR 21.50 per share in FY26 ▪ ~91.5% of FY26 standalone earnings shared with shareholders
Slide 38: Thank you for your time!
@ eota Thank you for your time! g ee x hl gS WA <> Nippon Life inal Asset Management Ltd 37
Slide 39: Annexures
Annexures e977“ we o> Aug gS WA <> Nippon Life india Asset Management Ltd _ ;,
Slide 40: Indian MF Industry – Sustained High Growth Rate
Indian MF Industry – Sustained High Growth Rate CAGR for MF AUM: 3-yr: 26%/5-yr: 20%/10-yr: 19% MF AUM (INR trillion) 23% % of GDP 21% 19% 16% 17% 15% 14% 13% 12% 13% 10% 79.5 66.7 55.0 37.7 40.0 32.2 18.6 22.7 24.6 24.7 13.6 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Source: AMFI, MOSPI
Slide 41: Key Enablers – MF Under-penetration
Key Enablers – MF Under-penetration MF AUM/GDP 141% 100% 112% 74% 86% 63% 61% 61% 27% 21% World Brazil Canada China Germany India Japan Sweden United United Kingdom States Unique MF Investors ▪ Mutual Fund penetration in India is low 3.7% 4.2% as % of GDP vs global average 2.6% 3.1% 2.4% 61 ▪ Roughl
Slide 42: Key Enablers – Robust Economic Growth
Key Enablers – Robust Economic Growth India Nominal GDP (INR trillion) CAGR: 10% YoY growth 19% 14% 10% 12% 11% 11% 11% 10% 9% 6% -1% 318 345 261 290 195 229 166 184 193 134 149 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 ▪ India is among the Top-10 largest economies in the world ▪ GDP gr
Slide 43: Other Key Enablers
Other Key Enablers Financialisation of Savings Households increasingly preferring Favourable Demographics financial assets over physical assets to ~60% of India’s population is in the 1 2 achieve long term savings’ goals working age group No. of demat accounts has increased ~4x (Source: NFHS-5; 2019
Slide 44: Nippon Life Group - Profile
Nippon Life Group - Profile ▪ Largest market share in Japan among private life insurers in terms of premium income ▪ Total assets over JPY 119 Trillion Key Figures1 Presence in India (as of Mar 31, 2026) Premium income (Consolidated)2 JPY 9,437.3 bn Total assets (Consolidated) JPY 118,862.7 bn Asset
Slide 45: Nippon Life Group
Nippon Life Group ◎: Subsidiary, ◇: Equity-method affiliate Domestic Insurance Business Global Insurance Business Asset Management Business Further cultivate Participate in high-growth markets Capture retirement assets and the domestic life insurance market outside of Japan global markets Acenda Gro
Slide 46: NAM India - Board Of Directors
NAM India - Board Of Directors Mr. Balasubramanyam Sriram (Independent Director) Mr. Upendra Kumar Sinha (Ind. Director & Chairperson) Key positions held: Key positions held: • Managing Director - State Bank of India • Chairman - SEBI • Managing Director - State Bank of Bikaner & Jaipur • Jt. Sec. -
Slide 47: Disclaimer
Disclaimer This presentation does not constitute a prospectus, an offering circular, an advertisement, a private placement offer letter or offer document or an offer, or a solicitation of any offer, to purchase or sell any securities under the Companies Act, 2013 and the rules made thereunder, the S
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