News From Press Reliance AMC’s net profit up 12% at Rs 114 crore

Reliance AMC’s net profit up 12% at Rs 114 crore

Source: The Economic Times Nov 1, 2018

Reliance Nippon Life Asset Management (RNAMNSE 5.50 %), asset manager of Reliance Mutual Fund, announced its financial results for the period ended September 30. RNAM’s revenues from operations rose to Rs 391 crore and its net profit increased by 12 per cent to Rs 114 crore.

Other key highlights of the financial results were as below:

RNAM’s assets under management (AUM) rose by 6 per cent year-on-year to Rs 4.05 lakh crore.
The AMC’s quart ..

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