Rs 522 crores profit by Reliance Mutual Fund

Reliance Mutual Fund announced its financial results for the period ended March 31, 2018, announcing increase in AMC revenues of Q4 by 26% year on year to Rs 514 crores. The profit after tax in Q4 was Rs 162 crore and in FY18 it was at Rs 522 crore – an increase of 30 per cent YoY. The average return on equity in FY18 was 25 per cent.  The fund house added retail assets worth Rs 20,559 crore in the industry in FY18.

As on March 31, 2018, assets under management of Reliance Mutual Fund was Rs 2,44,904 crore – an increase of 16 per cent YoY. Equity assets as a proportion of total mutual fund assets grew from 27 per cent in March 2017 to 36 per cent in March 2018.

The fund house has total 25 lakh SIPs, with an annualised SIP inflows of approximately Rs 9,000 crore as on March 2018. RMF’s SIP book grew by 70 per cent in FY18. Around 81 lakh investor folios were added in FY18.