Analyst Meet / AGM     17-Jan-18
Conference Call
Reliance Nippon Life Asset Management
Focus to continue on profitable growth
Reliance Nippon Life Asset Management conducted a conference call on 17 January 2018 to discuss its financial results for the quarter ended December 2017. Sundeep Sikka, ED & CEO of the Company addressed the call:

Highlights:

  • The company has reported strong growth in assets under management (AUM) and profitability in the quarter ended December 2017. The company continues focus towards profitable growth and get the highest share of money into capital markets from retail investors and foreign investors coming into India.
  • The net profit of the company improved 25% to Rs 130 crore, driven by 31% jump in the revenues to Rs 470 crore in Q3FY2018. The equity segment contributed about 58% of revenues, while fixed income served 42% of revenues. The company is focusing on have equal contribution from equity and fixed income segments to overall revenues in the long term.
  • The AUM of the surged 17% to Rs 387871 crore end December 2017 over December 2017, which is the largest in the industry. The share of equity asset in the AUM has moved up to 34% end December 2017 from 27% a year ago.
  • The total asset under management (in term of QAAUM) was Rs 243595 crore end December 2017, showing a surge of 24% over December 2016.
  • The company manages 23 lakh SIPs with annualized inflows of around Rs 7800 crore. The SIPs is showing monthly addition of 1 lakh SIPs and inflows of Rs 650 crore.
  • The company has clocked return on equity of 24% for Q3FY2018, while remains committed to continue profitable growth. The company is putting strong focus for improving profitability of its assets.
  • The presence of the company has increased by 89 locations to 261 locations in Q3FY2018, which is double to next competitor AMC in the industry. The company has well diversified distribution network, while none of the single distributor account for more than 4.5% of AUM.
  • The company holds AUM of Rs 50815 crore from ‘Outside the Top 15 cities' category as on December 2017, showing an increase of 34% over December 2016.
  • With only 3% mutual penetration in India and financial saving on rise, the company sees strong growth opportunities for the mutual fund industry.
  • Post demonetization, the company has added highest retail assets amounting Rs 27075 crore, out of the total retail asset inflows of Rs 1.8 trillion. The company manages overall retail assets of Rs 70998 crore, amongst the highest in industry, end December 2017.
  • The company is one of the largest ETF players in terms of QAAUM with 19.3% market share.
  • The Reliance AIF launched 2 new Category III AIF Funds - Equity Opportunities AIF Scheme II & Equity Opportunities AIF Scheme III.
  • The company expects 8-10% growth in fixed expenses, which accounts for 42% of overall expenses. It expects the share of variation expenses to rise, which depends on market conditions.
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