Reliance Capital’s subsidiary, Reliance Nippon Life Asset Management (RNAM), has reported financial results for the first quarter ended June 30, 2017. The company’s profit after tax stood at Rs 103 crore ($15.8 million)-Y-o-Y- increase of 27%, while total income stood at Rs 378 crore ($58.1 million)-Y-o-Y increase of 23%. The company’s assets grew by 24% Y-o-Y with Assets under Management (AUM) of Rs 3,62,550 crore ($55.7 billion) as on June 30, 2017 and Mutual Fund Quarterly Average AUM for the quarter stood at Rs 2,22,964 crore ($34.3 billion) - up 34%.
Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It ranks amongst the top private sector financial services and banking groups, in terms of net worth.
