Nippon Life India Asset Management Ltd

Nippon Life India AMC Expands with ₹38.31 Cr Branch Network Investment 🏢

- Allocated ₹38.31 Cr for setting up new branches, with ₹13.39 Cr utilized.

- Fully utilized ₹40.65 Cr for IT system upgrades.

- Fully utilized ₹72.09 Cr for advertising and marketing.

- Fully utilized ₹125 Cr for lending to subsidiary Nippon Life India AIF Management Ltd.

- Fully utilized ₹100 Cr for investment in new mutual fund schemes.

- Fully utilized ₹47.8 Cr for general corporate purposes.

- Raised ₹588.85 Cr net proceeds from IPO on November 6, 2017.

- No deviations or variations in fund utilization as per the original prospectus.