Reliance Nippon Life Asset Management (RNAM), asset manager of Reliance Mutual Fund, a subsidiary of Reliance Capital, announced its financial results for the period ended March 31, 2018.
The key performance highlights are; Q4 Revenues stood at Rs 5.14 billion (USD 79 million) a YoY increase of 26%; FY18 Revenues at Rs 18.15 billion (USD 279 million) a YoY increase of 26%; Q4 Profit after tax at Rs 1.62 billion (USD 25 million) a YoY increase of 35%; FY18 Profit after tax at Rs 5.22 billion (USD 80 million) a YoY increase of 30%; As on March 31, 2018, assets under management were Rs 3,963.70 billion (USD 61 billion).
Mutual Fund asset under management (Q-AAUM) was Rs 2,449.04 billion (USD 37.7 billion) a YoY increase of 16%; RMF is one of the largest MF with overall retail assets of Rs 732.15 billion (USD 11.3 billion)-added highest retail assets i.e. Rs 205.59 billion (USD 3.2 billion) in the industry in FY18; Company will continue to focus on high yielding assets. Equity Assets as a proportion of total MF assets grew from 27% in March 17 to 36% in March 18 (QAAUM basis).
RMF has AUM of Rs 512.60 billion (USD 7.9 billion) from 'Outside the Top 15 cities' category as on March 2018-a YoY increase of 25% (21% of overall MF AUM sourced from B-15 cities).
25 lakh SIPs, with annualised SIP inflows of approx. Rs 90 billion as on March 2018 (USD 1.4 billion). RMF's SIP Book grew by 70% in FY18.
81.7 Lakh Investor Folios-Added 1.1 Lakh investor folio per month in FY18.
Digital Purchases YoY increase of 120% in Q4; 3.35 Lakh digital purchase transactions in Q4 FY18.
One of the largest private ETF players in terms of Q-AAUM with 17.5% market share; Reliance AIF has total commitment of over Rs 20 billon.
Conducted 1,630 Investor Awareness Programs, covering 82,500+ participants in FY18; RMF has increased presence to 282 locations pan India, added 120 locations in FY18; Attracting share of incremental global inflows for India through our international subsidiaries, tie-ups in Japan, Korea and Thailand via different funds including UCITS; from Asia, Middle East, UK, Europe and Latin America.
Recently RNAM got certified as 'Great Place to Work' 2018 among Top 15 companies in BFSI space-average tenure of the employees is 5 years.
''With record profits this year, our focus remains on sustained profitable growth and increasing ROE. We continue to remain bullish on the industry, and will be investing in expanding gegraphical reach as well as increasing our digital footprint. The fact that post demonetization, the industry has seen lot of retail inflows and the highest market share has come to us, shows our execution capability and confidence of investors in the company,'' said Sundeep Sikka, ED & CEO, Reliance Nippon Life Asset Management.
Shares of the Reliance Capital declined Rs 3.35, or 0.78%, to trade at Rs 426.30. The total volume of shares traded was 277,038 at the BSE (3.22 p.m., Wednesday).
