Reliance Nippon Life Asset Management (RNAM) reported a net profit growth of 10.4% YoY at Rs. 111 cr. The overall mutual fund QAAUM grew at a healthy pace of 5.8% YoY, which was led by 24.6% YoY growth in Equity QAAUM. However, debt QAAUM declined on a YoY basis due to redemption pressure witnessed across the industry during the quarter.