Reliance Nippon Life Asset Management (RNAM), asset manager of Reliance Mutual Fund, on Tuesday said it closed the third quarter of the current fiscal with a net profit of about Rs 110 crore.
The company board also declared an interim dividend of Rs 3 per share.
“With our value accretive investments in strong physical distribution network and digital space we are clearly seeing the results of it. We are getting higher retail flows across smaller cities and towns and RNAM has emerged as a leader in terms of retail assets. We continue our focus on profitable growth and in state of readiness for incremental growth going forward,” Sundeep Sikka, ED & CEO was quoted as saying in the statement.