Nippon India AMC reported a 6% year-on-year decline in net profit to ₹324 crore for the September 2026 quarter, as a one-time settlement provision and lower investment returns outweighed stronger revenue. The asset manager reported the results on October 22, 2026, and declared a dividend of ₹9.50 per share.
Key Takeaways
- Revenue rose 21% to ₹796 crore, but net profit fell from ₹345 crore a year earlier.
- A ₹97 crore provision covered settlement of alleged securities-law non-compliance involving Yes Bank AT-1 bonds.
- The dividend record date is October 28, with payment scheduled for November 5, 2026.
Table of Contents
- Nippon India AMC profit hit by settlement charge
- Assets under management reach ₹7.87 lakh crore
- Dividend payment scheduled for November 5
- Conclusion
Nippon India AMC profit hit by settlement charge
Nippon Life India Asset Management recorded a ₹97 crore provision toward settlement of alleged non-compliance with certain securities-law provisions. The matter concerned investments by certain Nippon India Mutual Fund schemes in additional tier-1, or AT-1, bonds issued by Yes Bank.
The company said it had received approval from the Securities and Exchange Board of India to settle the matter. The provision is a charge recognized in the results; it should not be confused with confirmation that a settlement payment has been completed.
Revenue increased from ₹658 crore a year earlier to ₹796 crore. Other income, which includes investment earnings, dividends and investment gains or losses outside the core business, fell 38% to ₹23 crore from ₹37 crore. The quarter therefore showed stronger core revenue alongside weaker bottom-line profit.
| Item | Details |
|---|---|
| Equity assets | 47.7% of quarterly average AUM |
| Exchange-traded funds | 31.6% of quarterly average AUM |
| Debt funds | 11.8% of quarterly average AUM |
| Liquid funds | 6.7% of quarterly average AUM |
Assets under management reach ₹7.87 lakh crore
Quarterly average assets under management stood at ₹7.87 lakh crore. Nippon India Mutual Fund's quarterly-average AUM disclosure series includes a September 2026 download, providing the official reporting series for tracking the fund house's managed assets.
Equities accounted for the largest share of managed assets, followed by exchange-traded funds. The reported asset mix is shown below.
Systematic transactions were broadly steady at ₹3,720 crore, compared with ₹3,680 crore in the June quarter. Alternative-investment commitments reached ₹9,980 crore across public equity, real estate, private credit and venture capital.
Separately, the company's own investment book declined to ₹4,098 crore from ₹4,527 crore in the June quarter, largely because of lower values of debt and equity investments. That investment book is distinct from the assets managed for fund investors.
Dividend payment scheduled for November 5
The company declared a dividend of ₹9.50 per share and set October 28, 2026, as the record date. Payment is scheduled for November 5, 2026.
The record date establishes the shareholder register used for the distribution. It is separate from the payment date, when the declared dividend is due to be paid.
Conclusion
Stronger revenue did not offset the settlement provision and weaker investment income in the September quarter. The next confirmed shareholder dates are the October 28 dividend record date and the scheduled November 5, 2026, payment.
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