Nippon India Mutual Fund opens 1st-ever AMC Branch in Leh

Excelsior Correspondent

LEH, Aug 1: Nippon Life India Asset Management Limited (NAM India), the asset manager of Nippon India Mutual Fund (NIMF), announced the opening of its new branch in Leh, Ladakh. With this, Nippon India Mutual Fund becomes the first and only Asset Management Company (AMC) to establish a physical presence in the high-altitude region of Ladakh.
The Leh branch marks NAM India’s 167th branch and expands its coverage to 266 Pin Codes across the country. The launch ceremony was graced by Sundeep Sikka, ED & CEO of NAM India; General Ved Prakash Malik (Retired), Independent Director at NAM India; and VN Chalasani, CEO of the Association of Mutual Funds in India (AMFI).
“We are excited to expand our footprint to Leh—a region with immense potential,” said Sundeep Sikka. “We believe every Indian deserves to participate in the country’s growth story. Our presence in Leh reinforces our commitment to empowering investors in every corner of the nation.”
General VP Malik, highlighting Leh’s strategic and symbolic significance, stated, “Nippon India Mutual Fund’s decision to set up a branch here goes beyond financial services—it’s a signal of confidence in Ladakh’s local spirit and the aspirations of our armed forces, veterans, and civilian communities alike.”
To mark the occasion, NIMF also conducted a financial literacy program for 300 Army personnel, further cementing its goal of enhancing awareness of investment opportunities among the armed forces and the broader population.
Despite Ladakh’s growing tourism and economic activity, access to financial products remains limited. As of June 2025, the average assets under management (AAUM) in Jammu & Kashmir and Ladakh stood at Rs 10,844 crore, accounting for just 0.14% of India’s total mutual fund assets, which reached Rs 74.80 lakh crore.
However, signs of progress are evident. The region’s AAUM rose from Rs 8,703 crore in June 2024 to Rs 10,825 crore in June 2025—a 24% year-on-year growth. NIMF’s presence in Leh is expected to further stimulate financial literacy and investor participation.

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