External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Nippon Life India Asset Management / Equity Bottom-Up

Nippon Life India Asset Management (NAM IN)

<ul><li>NAM Q2FY23 reported an inline set of operating performance with revenues growing slightly better than AUM on a sequential basis as overall yields improved QoQ.</li><li>Yields improved marginally owing to higher yield realization on Debt and a shift in composition in AUM mix to equity.</li><li>Revenues grew 1.1/4.9% YoY/QoQ to Rs 331 Cr (largely in line with our expectations) vis-a-vis growth in QAAUM at 7.4/2.0% YoY/QoQ. Overall AUM's market share declined slightly in Q2FY23 to 7.3% from 7.4% in Q1FY23.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

NAM Q2FY23 reported an inline set of operating performance with revenues growing slightly better than AUM on a sequential basis as overall yields improved QoQ.Yields improved marginally owing to higher yield realization on Debt and a shift in composition in AUM mix to equity.Revenues grew 1.1/4.9% YoY/QoQ to Rs 331 Cr (largely in line with our expectations) vis-a-vis growth in QAAUM at 7.4/2.0% YoY/QoQ. Overall AUM's market share declined slightly in Q2FY23 to 7.3% from 7.4% in Q1FY23.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nippon Life India AMC - Slight Improvement in Yields; Overall an Inline Quarter