Reliance Nippon Life AMC’s prospectus states that the industry is expected to grow at a compounded annual growth rate of 20% over the next four years of which the growth of equity AUM would be faster. Anil Ambani-promoted Reliance Nippon Life Asset Management Co. Ltd is first off the block. The penetration of mutual funds among households is a measly 2.9% of financial savings and, therefore, the potential is there. How does Reliance Nippon Life AMC fare? Also, a lot will depend on whether Reliance Nippon Life AMC continues to deliver.
Source: Mint October 24, 2017 01:41 UTC