In an interview with ET Now, Sundeep Sikka , ED & CEO, Reliance Nippon Life AM , says always retail focused, in smaller cities and town, traditional investors in gold and real estate are moving towards equity mutual funds.
Edited excerpts:
Your profit this quarter has been at about 25% and revenue growth at 25% as well. What has been the key driver according to you?
Yes, it has been great set of numbers. What we are very happy about is also that maiden dividend has been declared post listing. Coming to the numbers, what has clearly worked for us is our focus on retail assets. Overall, as an asset management company, our overall assets have crossed Rs 3,80,000 crore broken down into mutual funds which ..
