Results     22-Jan-19
Analysis
Reliance Nippon Life Asset Management
Overall AUM moves up 7%
Related Tables
 Reliance Nippon Life Asset Management: Consolidated Financials
Reliance Nippon Life Asset Management has reported 17% decline in the net profit to Rs 109.52 crore in the quarter ended December 2018 (Q3FY2019). The operating profit of the company declined 7% to Rs 118.17 crore, while other income dipped 24% to Rs 54.12 crore in Q3FY2019. The depreciation moved up 9% to Rs 8.97 crore. The profit before tax declined 14% to Rs 163.32 crore. The effective tax was higher at 32.8% in Q3FY2019 from 32.0% in Q3FY2018. The net profit declined 17% to Rs 109.52 crore in Q3FY2019.

Business highlights:

Assets under management rose 7% to Rs 414362 crore end December 2018 over December 2017. Mutual Fund assets under management (QAAUM) declined 3% to Rs 236256 crore end December 2018.

Reliance MF has leadership position in Retail Assets at Rs 83005 crore, while added highest retail assets i.e. Rs 12007 crore in the industry since December 2017.

Equity Assets (including ETF) grew 12% to Rs 102734 end December 2018.

Equity Assets (as a proportion of MF assets) grew from 34% to 38% as on December 2018 (QAAUM basis) as RMF continues to focus on high yielding assets.

RMF has AUM of Rs 42864 crore (US$ 6.1 billion) from ‘Outside the Top 30 cities' category as on December 2018 (18% of overall MF AUM).

Over 29 lakh SIP folios, with annualised book of Rs 10100 crore (US$ 1.4 billion) as on December 2018.

In Q3FY19, Digital Purchase transactions rose to 2.73 lakh - a YoY increase of 71%.

Successfully raised Rs 17000 crore (US$ 2.4 billion) as part of Further Fund Offer 3 of CPSE ETF with participation across all investor categories.

One of the largest ETF players with approx. 17% market share (in terms of QAAUM).

Reliance AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of approx Rs 2500 crore across various schemes. It has recently launched "Reliance Yield Plus AIF Scheme 1" in the High Yield Debt Space.

RMF is the only asset manager with all four prestigious mandates of Employees' Provident Fund Organization, The Pension Fund Regulatory and Development Authority, Employees' State Insurance Corporation and The Coal Mines Provident Fund Organization.

RMF has a pan India presence at nearly 300 locations and over 72,500 empanelled distributors.

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