Reliance mutual fund, promoted by the Anil Dhirubhai Ambani (ADAG)
group, is one of the fastest growing mutual funds in India having
doubled its assets over the last one year. In March, 2006, the Reliance
mutual fund emerged as the largest private sector fund house in the
country, overtaking Prudential ICICI which has been holding that
position for many years.
The sponsor of the fund is Reliance Capital Limited, the financial
services arm of ADAG. Reliance Capital Asset Management Limited, a
wholly owned subsidiary of Reliance Capital Limited, acts as the AMC to
the fund. Directors of the company include Amitabh Jhunjhunwala, a
senior executive of ADAG. Amitabh Chaturvedi is the managing director of
the AMC.
As of end August 2006, Reliance mutual fund has Rs 28,753 crore of
assets under management. Reliance Equity Fund, launched by Reliance MF
in early 2006, is the largest mutual find scheme in the country with a
fund size of over Rs 5,500 crore.
Here is a list of mutual funds of Reliance which includes Debt/Income
Funds , Equity Funds and Sector Specific Funds.