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Reliance Mutual Fund Most Successful Fund House, says CRISIL
India’s largest Mutual Fund House, Reliance Mutual Fund, a part of Anil Dhirubai Ambani Group was declared the most successful fund house for the quarter ended June 2009 by CRISIL Fund Services in its Composite Performance Ranking (Crisil-CPR).
By: Clea PR
Reliance Mutual Fund schemes* accredited with CPR 1 ranking
Reliance Regular Savings Fund Equity under Small & Mid Equity Schemes
Reliance Regular Savings Fund – Balanced under Balanced Scheme Category.
Reliance Floating Rate Fund, under the Liquid Schemes.
Reliance Monthly Income plan – Growth under MIP Aggressive Scheme
Reliance Medium Term Fund under Ultra Short Debt Scheme.
Reliance Diversified Power Sector Fund under Diversified Equity Schemes
Reliance Growth Fund under Consistent CPR Performer – Equity
Reliance Liquid Fund – Treasury Plan under Liquid Schemes
Reliance Liquidity Fund under Liquid Super Institutional Schemes
Reliance Liquid Fund – Treasury Plan – Institutional under Liquid Schemes.
*details on the ranking and their parameters are available on www.crisil.com
“A number one ranking of any sort, is always reassuring for our 75 lac strong investment community who have placed their trust with RMF. This reaffirms the investor's faith not in just the accredited schemes, but also in Reliance Mutual Fund as a brand which always endavours towards long term wealth creation for its investors.,”
This achievement comes at the back of recent accolades such as, “Best Equity Fund House” for the year 2008 by Morning Star India & “Best Fund House” for the year at Asia Asset Management Award 2008.
“Such Industry recognition for our schemes is a culmination of a conviction to always strive for risk adjusted returns for our investors which is supported by a prudent investment strategy.,” remarked Mr. Sikka
About Reliance Mutual Fund
RMF has grown to be the leader in the Mutual Fund Industry in a short span of time beating much more established players in the field. With Assets Under Management (AUM), of 1,08,334 crore(as on 31st July'09), RMF is a clear leader with close to 30% lead over its nearest competition. With More than 90% of the applicants having less than Rs. 50,000 of investments and over 1 million SIP investors proves that Reliance Mutual Fund is truly a very retail focused fund house.Reliance Mutual Fund schemes are managed by Reliance Capital Asset Management Limited., a subsidiary of Reliance Capital Limited, which holds 93.37% of the paid-up capital of RCAM, the balance paid up capital being held by minority shareholders. Reliance Capital Ltd. is one of India’s leading and fastest growing private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital Ltd. has interests in asset management, life and general insurance, private equity and proprietary investments, stock broking and other financial services.
For further information contact:
Vinod G. Nair, Managing Director, Clea Public Relations India, +91-98678-00008;