Reliance Mutual fund News

The government will next week launch the third tranche of CPSE Exchange Traded Fund, managed by Reliance Mutual Fund, to garner about Rs 2,500 crore.  

The second tranche sale of government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 12,000 crore from investors, which is twice the amount sought to be raised.  

FreeCharge on Friday announced the launch of Mutual Funds on its platform in partnership with Reliance Mutual Fund.

Reliance Capital Asset Management's open-ended equity growth scheme, Reliance Growth Fund, has achieved a net asset value (NAV) of Rs 900.

Reliance Mutual Fund has received the government's approval to manage its Rs 3,000 crore CPSE Exchange Traded Fund, which was launched in March 2014.  

More than half of the country's investment professionals think that equities will provide the best returns to investors compared with other asset classes and have predicted an 11 percent surge in the benchmark BSE Sensex by the end of 2016-17, says a report.

Japanese financial services giant Nippon Life has completed acquisition of additional 14 percent stake in Reliance Capital Asset Management (RCAM) for Rs 1,200 crore, raising its holding to 49 percent.

Japanese financial services giant Nippon Life has got markets regulator Sebi's nod for raising its stake in Reliance Mutual Fund to 49 per cent, completing the regulatory approval process for the deal.

Reliance Mutual Fund has hiked stake in Tatas-run Indian Hotels to nearly 8 percent, making the hospitality sector another key area with significant investments by the two Ambani groups. 

After acquiring Goldman Sachs' India mutual fund business, top fund house Reliance Capital Asset Management (RCAM) is looking for more acquisitions in this highly-fragmented market.

 To make it easier for investors to buy or sell mutual fund products, fund houses are offering an electronic, or e-KYC, initiative to first-time investors.

Competition Commission has approved Japanese financial services giant Nippon's proposed deal to hike its stake in India's top fund house Reliance Mutual Fund to 49 percent in multiple tranches.

Shares of Reliance Capital rose by nearly 5 percent as Japanese financial services giant Nippon will hike its stake in India's top fund house Reliance Mutual Fund from 26 percent to 49 percent.

Besides Reliance Capital, which has applied for universal banking licence, would explore all opportunities in the banking space.

RCAM is part of Anil Ambani-led business conglomerate Reliance Group's financial services arm Reliance Capital.