Anil Ambani-led Reliance Nippon Life Asset Administration (RNMA) on Monday posted a 7 per cent year-on-year (yoy) rise in consolidated web revenue at Rs 486.09 crore for the monetary yr 2018-19.
“The corporate had clocked a consolidated web revenue of Rs 455.74 crore within the earlier yr,” RNMA mentioned in a submitting to the Bombay Inventory Alternate.
Complete earnings slipped by 5.64 per cent to Rs 1,649.92 crore in FY19 from Rs 1,748.62 crore in FY18, RNAM, asset supervisor of Reliance Mutual Fund.
For the fourth quarter ended March 31, 2019, the corporate’s web revenue jumped 34.16 per cent to Rs 151.08 crore as in comparison with Rs 112.61 crore in the identical quarter a yr in the past. Complete earnings fell by 9.70 per cent to Rs 397.49 crore from Rs 440.19 crore in Q4FY18.
As on March 31, 2019, the corporate’s property below administration stood at Rs 4,22,149 crore, registering a progress of seven per cent year-on-year. The mutual fund AUM was Rs 2,33,617 crore whereas retail property reported at Rs 89,911 crore. Fairness property grew 13 per cent to Rs 108,043 crore.
Through the yr, RNAM efficiently raised Rs 27,000 crore by way of two Additional Fund Affords (FFO) of CPSE ETF with participation throughout all investor classes, out of which Rs 10,000 crore was raised in March 2019 as a part of Additional Fund Provide Four of CPSE ETF.
FY19, digital buy transactions together with new SIP rose to 10.85 lakh – a yoy improve of 47 per cent.
Commenting on earnings numbers, Sundeep Sikka, ED and CEO, RNMA mentioned, “Mutual Fund Trade stays underpenetrated and presents large untapped potential. The business confronted a number of headwinds through the yr resulting from regulatory modifications, market volatility and credit score occasions. Nevertheless, submit elections, we count on a lot stronger progress.”
Previously referred to as Reliance Capital Asset Administration, the corporate mentioned it’s going to proceed to concentrate on retail property. The corporate has added highest retail property of Rs 16,696 crore within the business since March 2018, it mentioned.
“Our focus continues to be on Retail Property. In FY19, retail property demonstrated the best progress within the business and we proceed to be the chief on this phase, pushed by our unparalleled attain and robust distributor community,” Sundeep Sikka mentioned.
The corporate’s board has declared an interim dividend of Rs three per fairness share for 2018-19 and has fastened the file date as Could 10, 2019.
Edited by Chitranjan Kumar
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