Though RNAM is aggressively priced at P/E of 43. Investors should consider applying for listing gain as well as long term investment. It will become first AMC to get listed on the exchange, so RNAM may give 20% return on listing.
Disclaimer: I am not SEBI registered financial adviser. I will apply to RNAM
Reliance Nippon Life Asset Management (RNAM) is subsidiary of Reliance Capital Limited. RNAM is one of the only few company of ADAG which enjoys goodwill as well as leadership in the market.
Disclaimer: I am not SEBI registered financial adviser. I will apply to RNAM