Reliance Mutual Fund

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The Reliance Mutual Fund is one of the most popular and leading mutual fund in the mutual fund sector of India. The Reliance Mutual Fund is owned by Anil Dhirubhai Ambani Group and with respect to net worth it ranks among the top three of all the private financial service providers in India. It is an ISO 9001:2000 certified company, which offers innovative mutual fund products to a wide pool of customers.

The Reliance mutual fund products are available in hundred and fifteen cities across India. It is one of the fastest growing mutual fund in India and the main reason of its popularity is that it has a wide portfolio of products that meets the requirements of each and every type of investors. The Reliance Mutual Fund is headed by Mr. Vikrant Gugnani - the CEO of the company.

Details of Reliance Mutual Fund:

  • The schemes of Reliance Mutual Fund are being managed by Reliance Capital Asset Management Ltd, which is a subsidiary of Reliance Capital Limited.

  • Reliance Capital Ltd holds 93.37% of the paid-up capital of the Reliance Capital Asset Management Ltd.

  • The value of the cumulative assets that are being managed (also called Assets Under Management (AUM)) amounted to ` 80,779 crores, as on Dec 31st 2007.

  • The investor base of Reliance Mutual Fund is over 43.67 lakh.

Different types of mutual fund offered by the Reliance Mutual Fund:

Equity / Growth based products- The main objective of investing in such scheme is to provide capital appreciation over the medium to long- term range. Generally, in such schemes a major portion of the accumulated sum is invested in equities.

Debt / Income based products- the main objective of investing in such scheme is to provide regular and steady income to the investors of such funds. Generally, in such schemes a major portion of the accumulated sum is invested in fixed income securities.

Sector Specific products - The main objective of investing in such funds is to gain leverage out of the fast growing sectors. Generally, in such schemes all the sum accumulated is invested in securities of a particular type of sector.

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Last Updated 06/30/2011

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