Is it worth to persue Msc. In applied finance from NMIMS?

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Depends on what you mean worth

Distance education.. placement is in alumni portal.. and I already have an MBA from a tier 2 institute.. will it get me a good hike? Or a better profile?

Distance learning programs aren't any value add here in India.
Better go for an international certification like CFA, CPA, if you want something meaningful.
If you need just a rubber stamp on a piece of paper, do these DLPs.

Yes I’m thinking of doing CFA, considering the overlap on syllabus I was thinking of this.

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