New Delhi, Aug. 12 -- Domestic brokerage firm Motilal Oswal, in its latest note, has maintained an optimistic outlook on Nippon Life India AMC, keeping its buy rating unchanged with a target price of Rs.930 apiece, a record target for the stock. The target price also indicates an 15.4% upside for the stock.

The brokerage highlighted the company's rapid growth in the domestic mutual fund industry, with expanding market share supported by consistent net inflows, strong SIP traction, and a healthy equity mix.

According to Motilal, the company has delivered the fastest Quarterly Average Assets Under Management (QAAUM) growth in the industry, rising 27% YoY to Rs.6.1 trillion as of June 2025.

This growth has lifted the company's overall mar...