News From Press Nippon India MF sees 10% rise in PBT to Rs 199 cr in June quarter

Nippon India MF sees 10% rise in PBT to Rs 199 cr in June quarter

Company had seen business recovery since ownership change, says it has onboarded more than 370 institutional investors after Reliance Capital exited

BS Jul 28, 2020

Nippon India Mutual Fund (NIMF) has seen a 10 per cent jump in profit before tax (PBT) for June quarter, on a year-on-year basis. The asset management company saw PBT of Rs 199 crore in June quarter. On a standalone basis, the company’s June quarter PBT improved by 7.8 per cent at Rs 192 crore.

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