HDFC MF remains most profitable fund house; Reliance MF 2nd

Last Updated: Monday, June 1, 2015, 15:36

ICICI Prudential MF, the second largest fund house in terms of assets base, reported a profit after tax of Rs 247 crore, while Birla Sunlife MF posted a PAT of Rs 123 crore.

Reliance MF ropes in Samsung AMC for strategic alliance

Last Updated: Friday, April 24, 2015, 11:38

Top fund house Reliance Capital Asset Management Company on Friday roped in the largest Korean asset management firm Samsung AMC for a strategic alliance, which will allow the two companies to manage, market and distribute each other's investment products in India and South Korea.

Mutual funds line up 34 NFOs led by positive market rally

Last Updated: Monday, March 2, 2015, 16:18

Mutual fund companies have lined up nearly three dozen New Fund Offers (NFO) and have filed draft documents for them with market regulator Sebi pursuant to a rally in the stock market.

Nippon Life hikes stake in Reliance MF to 35 percent

Last Updated: Friday, February 27, 2015, 12:34

Japanese financial services giant Nippon Life has completed its acquisition of 9 percent additional stake in Reliance Capital Asset Management (RCAM) for Rs 657 crore, taking its total equity to 35 percent.

Reliance MF says SIP count up 3-times to 50,000 a month

Last Updated: Wednesday, February 18, 2015, 16:28

Showing a strong surge in retail investor interest, top fund house Reliance Mutual Fund has seen the number of its new 'Systematic Investment Plans' grow three-times to 50,000 per month.

Reliance MF closed-ended equity fund gets record Rs 1,000 cr

Last Updated: Thursday, January 29, 2015, 14:07

In a record collection of funds, a closed-ended equity fund of Reliance Capital Asset Management has garnered Rs 1,000 crore from investors.

Reliance MF retail debt assets grow 144% to Rs 19K cr

Last Updated: Wednesday, October 16, 2013, 18:26

Reliance Mutual Fund has posted a growth of nearly 1.5 times in its retail debt asset base to close to Rs 19,000 crore for the last fiscal 2012-13.

HDFC MF pips Reliance MF as most profitable fund house

Last Updated: Wednesday, October 9, 2013, 19:14

HDFC Mutual Fund has emerged as the most profitable fund house in 2012-13 with a profit after tax (PAT) of Rs 319 crore, amid weak equity markets, pushing rival Reliance Mutual Fund to the second slot.

Amfi names Reliance MF's Sundeep Sikka as chairman

Last Updated: Thursday, September 26, 2013, 15:56

The Association of Mutual Funds in India (Amfi) on Thursday appointed Sundeep Sikka, Reliance MF President and Chief Executive, as its Chairman.

Investor complaints dip at top MFs; Reliance sees biggest fall

Last Updated: Thursday, June 6, 2013, 13:31

The number of investor complaints has come down drastically at the country's top mutual funds, with Reliance MF leading the charts with the highest decline among the five biggest players.

Reliance MF launches portfolio SIP, targets Rs 1K cr in 1st yr

Last Updated: Tuesday, November 20, 2012, 19:36

Reliance Mutual Fund has launched portfolio systematic investment plan (PSIP) that will enable retail customers to invest in multiple schemes run by the company and said it aims to raise Rs 1,000 crore through this route in the first year of launch.

Reliance MF hikes stake in Madras Cements to over 5%

Last Updated: Monday, June 18, 2012, 20:59

With this acquisition on June 14, the Chennai-based cement maker said the fund house's holding in the company now stands at 5.01 percent, or 1.193 crore shares, according to a BSE filing by Madras Cements.