Reliance Nippon Asset Management saw its net profit rise 34 per cent for the quarter ended March 2019 to Rs 151 crore from the same period a year ago.
For the full year, net profit rose 7 per cent to Rs 486 crore on the back of rising inflows and as more profitable equity assets as a proportion of total mutual fund assets grew to 39 per cent from 36 per cent. The asset manager added 9 lakh folios during the year.
