Reliance MF Q2 net profit up 12% to Rs 1.14 bn, revenues flat at Rs 3.91 bn

For the quarter, the company's total assets under management stood at Rs 4.04 trillion, an increase of 6% year on year

Reliance Nippon Life Asset Management (Reliance MF) reported a 12 per cent year-on-year increase in net profit to Rs 1.14 billion for the quarter ended September 2018. 

Revenues from operations for the period under consideration stood little changed at Rs 3.91 billion. 

For the quarter, the company’s total assets under management stood at Rs 4.04 trillion, an increase of six per cent year-on-year, while mutual fund (MF) assets for the quarter were up six per cent at Rs 2.45 trillion. 

Reliance MF’s equity AUM rose 25 per cent YoY to Rs 1 trillion. The share of equity assets in its portfolio rose to