Reliance has the best mutual fund options which many people are opting to get into. Reliance became the first Indian mutual funds whose AUM has reached Rs. 2500 crore.

Reliance average AUM was in the range of Rs 90,938 crore for March, 2008. Reliance has 66.87 lakh investors which is the largest on the competitor sheet. Last month the AUM increased due to interest hardening & expectation of high yield which attracted investors.

Reliance mutual fund has its presence over 115 sities in India. Relicance Capital is listed in BSE and NSE. Reliance Capital has the largest share of 93.37% in RCAM. Through Reliance Natual Resources Fund, the company had one of the biggest NFO collection ever collected which was Rs 5,600 crore. The net profit of RCAM for the year 2007-2008 was at Rs. 150 crore which is an increase of 210% as reported in early years.

Categories: Banking and Finance
Tags: Reliance, Reliance mutual fund