Beating demonetisation blues, financial services major Reliance Capital saw its mutual fund business register 25 per cent surge in Assets Under Management to Rs. 1.95 lakh crore in the third quarter of the current fiscal and said it is on track to list home finance unit by April.
Reliance Mutual Fund also registered an 8 per cent growth in profit to Rs. 151 crore with a 10 per cent increase in the total number of SIPs (Systematic Investment Plans) during the October-December quarter of 2016-17.
Reliance Capital said that notwithstanding the slowdown in business that followed immediately after the demonetisation announcement by the government, the company has been able to register growth across all its businesses.
