Nippon Life India Asset Management has reported a four per cent drop in net profit at ₹345 crore in the September quarter, against ₹360 crore logged in the same period last year.

The fund house has declared an interim dividend of ₹9 per equity share.

While revenue was up at ₹658 crore (₹571 crore), other income dipped by 69 per cent to Rs 37 crore (Rs 121 crore).

Expenses increased 16 per cent to ₹239 crore (₹206 crore).

The board has approved the proposal to appoint Sundeep Sikka (who is currently the Executive Director & CEO) as the Managing Director & CEO for five years from April 2026 to April 2031, not liable to retire by rotation.

The average assets under management were up 19 per cent at ₹6.56 lakh crore (₹5.49 lakh crore), even as equity assets slipped marginally to 47.6 per

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