Reliance AMC: AUM, revenue may see uptick of over 20% each in next 2 years

Share of equity funds in total assets under management (AUM) is also expected to increase, boosting the top line and profitability of AMCs such as Reliance Nippon

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Concerns over long-term capital gains tax introduced in the Budget have affected the shares of Reliance Nippon Life Asset Management which are 11 per cent down since then.

However, analysts are bullish over the prospects of India’s sole-listed asset management company (AMC), given the growth in mutual fund (MF) investments, especially in equities, over the medium term. Though the recent data by the Association of Mutual Funds in India shows that net inflows (all categories) in MFs have declined (over 60 per cent year-on-year, or y-o-y) in February 2018, experts …

Source business-standard.com
Via business-standard.com

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