Thread by @SmartSyncServ

Two listed AMCs in India
Covered 19-20 AR of HDFC AMC recently

This thread is on Nippon Life India Asset Management (NAM India)

1/

REBOOTED for the future!
This is what NAM India claims

@suru27 @finbloggers

2/
CEO’s Letter to Shareholders
•Historically, India has overridden global downturns & resilience.
•India’s GDP forecast for FY22 is 6.7%(Fitch) & 7.4% (IMF)
•Rebranded as NAM India.
•1st venture that NLI has outside Japan without a JV partner.

CEO’s letter contd

287 locations, 1,043 employees, 76,260 distributors, 8.7 Million Folios

•Recalibrating Strategies
•Financial Inclusion
•Inclusive Growth
•Digital Leadership
•Outlook

4/

While Promoter Holding remains High at 75%

A lot of shares changed hands

Reliance Capital’s stake bought by Nippon Life

5/

Shareholding Pattern of Top Ten Shareholders

(Other than Directors, Promoters and Holders of GDRs and ADRs)

6/

Notes from MDA

MF Sector Overview

•4 times increase in a span of 10 years.
•a healthy growth of 9% in total folios
•In FY20, incremental flows in debt funds: 47%, equity funds: 38%
•Investment in ETF grew by INR 61,732 cr to INR 1,80,540 cr

Notes from MDA

MF Sector Overview contd..

•Equity as a % of total AUM gone up from 31% to 42% in last 4 yrs
•Share of debt oriented scheme is down from 44% to 32% in last 4 yrs.
•Top 10 AMC account for > 80% of total AUM
•Top 30 cities account for > 80% of total AUM

8/

Notes from MDA

MF Sector Overview contd..
•HNI share has increased in the last 4 yrs.
•Retail share increased until FY19 & then fell in FY20.
•Despite high volatility, SIPS are growing strong.
•AUM to GDP: India 12.5%, USA- 103%, France 75%, Brazil 65%, SA- 42%.

9/

Notes from MDA

Company Overview

True Blue Asset Management Player

•1 of the largest AMCs in India
•24 yrs of track record
•AUM- 2.6Lac Cr (31.03.2020)

10/

Notes from MDA

Strengths

•No.1 in Retail Assets & Growth
•Higher Share of AUM from Beyond Top 30 Locations
•SIP - Long Term & stable Inflows
•De Risked Distribution Model

11/

Notes from MDA

Risks & Concerns

•Competition: Domestic MF, PMS & AIFs.
•Market: Exposure to equity and debt prices of which fluctuates
•Credit: Risk of Default or failure on part of borrowers
•Liquidity
•HR Risk: Fund Managers
•Operational Risks
•Regulatory

12/

Financials

13/

With this, we have covered the latest AR of the 2 listed AMCs in India.

UTI AMC has recently got SEBI clearance for IPO.

Our detailed notes of their DRHP can be found here:

smartsyncservices.com/uti-amc-ipo-re…

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