value or NAV of Reliance Mutual Fund's equity fund, Reliance Growth Fund, hit the Rs 1,000 milestone. This is the first fund in the industry to achieve this Rs 1,000 NAV level, according to news agency Press Trust of India. The fund was launched.
This would be the first initial public offering by an asset management company in India, although UTI Mutual Fund IPO have been in the works for a long time. According to the draft papers filed with SEBI, the public issue of Reliance Nippon Life Asset.
Mumbai: Mutual ... to mutual funds’ holdings, they cut exposure to three of them to book profits, but a strong rally ensured these stocks still added substantial value. These three stocks were HDFC Bank, Maruti Suzuki India Ltd and Reliance Industries.
HDFC MF was also in the race to acquire Goldman Sachs' India mutual fund assets, but lost out and the deal will help Reliance MF close the gap on its two bigger rivals. Globally, Goldman Sachs Asset Management is one of the biggest fund managers with AUM.
Reliance Mutual Fund has unveiled a new fund named as Reliance Dual Advantage Fixed Tenure Fund XI- Plan E, a close ended hybrid scheme with the duration of 1301 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.
Look at the fact sheet of the mutual fund. It gives a credit rating break-up of the portfolio. Invest if you draw comfort from it," says Kaustubh Belapurkar, director of fund research at Morningstar Investment Adviser India. Even if an investor is willing.
Consequently, it covers a broader portion of India’s corporate sector than the SENSEX 30. RELIANCE MUTUAL FUND- RELIANCE has relatively good liquidity. The NIFTY has a base value of 1,000 and its base date is 1995. Like the SENSEX 30, it comprehensively.
On Friday, Reliance Nippon Life AMC filed its IPO document with Sebi which is expected to value the company at around Rs 15,000 crore or $2.3 billion. This would be the first IPO by a mutual fund house in India. RNLAM is offering a total of 6.12 crore.
KOLKATA: Reliance Mutual Fund on Thursday launched India's first systematic investment plan (SIP) in Reliance Gold Savings Fund, wherein premium will be made on a monthly basis. CEO of Reliance Capital Asset Management Sundeep Sikka said it was the first.
Mumbai, Oct 21: In its first ever acquisition, Reliance Capital Asset Management (RCAM) today announced takeover of global giant Goldman Sachs’ mutual fund business in India for Rs 243 crore in an all-cash deal as yet another foreign player exits the Rs.