Reliance Mutual Funds
Reliance mutual fund – is one of the best known and fastest growing in India mutual funds.
Over the past year, the company's assets, which is supported and promoted by Anil Dhirubhai Ambani (ADAG) group, grew in 2 times.
In early 2006, Reliance, ahead of Prudential ICICI (who held this position for many years) has become the largest fund houses of the private sector.
Reliance Capital Limited - the main sponsor of the company and at the same time, the financial component of Anil Dhirubhai Ambani.
Another subsidiary of Reliance Capital Limited is the Reliance Capital Asset Management Limited, which operates as AMC to fund.
The Director is Amitabh Jhunjhunwala, who is also executive director of ADAG. Managing Director of AMC is Amitabh Chaturvedi. Funds that were invested by investors in the reporting mutual fund and subsequently turn on the securities market and the shares of fixed income in different industries and companies, designed primarily to generate income for investors.
Acquisition of Reliance Mutual Fund
Concluding a local cheque at par or demand draft, you can buy Reliance Mutual Fund in a place where you are applying.
Net asset value of Reliance mutual funds in India
Closure of the NAV in the day on which the application is received, will be applied. This means the entry into force if the application is received up to 3 hours. If your application is received after 3 p.m., you can close the NAV on the next working day.
The scheme of annual profits in mutual funds
For different investors and investor groups of the considered mutual fund, there are several schemes and plans, and compound annual interest, which shows a high percentage of returns - up to 40%, although this percentage may vary depending on the investment plan you choose.
The dividend policy of mutual fund
Dividends in this mutual fund are distributed after the excess of amount after deducting all charges and taxes. Reliance mutual funds at the end of August 2006 has available about Rs 28,753 crores of assets.
The company was launched in early 2006, by Reliance MF and it is one of the largest mutual funds in India with the volume of funds of about Rs 5,500 crores.
Reliance as a mutual fund registered with SEBI and, therefore, all income generated from assets in the fund are exempt from income tax under the Income Tax Act, 1961, and immediately with the provisions of Article 10 (23D).
• Reliance Medium Term Fund-Retail Plan - Growth Plan Bonus Option
• Reliance Diversified Power Sector Fund-Dividend Plan-Dividend