Reliance Nippon Life Asset Management Ltd (RNAM) is the third largest Asset Management Company (AMC) in terms of quarterly average AUM (QAAUM) with 11.4% market share and is ranked second most profitable AMC. RNAM managed `3,84,061cr as on August 2017, which includes Mutual Fund (`2,28,329cr), Managed Account (`1,53,509cr) and offshore fu..