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Reliance Mutual Fund - At a Glance
- Reliance Mutual Fund is one of India’s leading Mutual Funds, with Average Assets Under Management (AAUM) of Rs. 1,04,511 Crores (AAUM as of August 2010 ) (source: www.amfiindia.com) and an investor count of over 73.30 Lakh folios.
- *(Over 73.30 lakh investor folios is calculated on the basis of live folios as on February, 2010 and includes investors across all the schemes of Reliance Mutual Fund and Presence in over 400 locations includes the Designated Investor Service Centres (DISCs) of RCAM and Registrar & Transfer Agents , Offices and Resident Representatives of RCAM as on December 31, 2009)
- Reliance Mutual Fund has over 14 years of extensive market experience, 35 schemes (as on January 31, 2010) combined with a strong performance track record.
Reliance Capital Asset Management Limited
- Reliance Capital Asset Management Limited has won the prestigious US based, 2010 CIO 100 award. The 2010 CIO 100 Awards is presented by the CIO magazine & honors 100 companies worldwide that are creating new business value by innovating with technology.
- Vinay Nigudkar, CTO, Reliance Caital Asset Management Limited has been awarded this honor for implementation of the CRMnext System that integrates sales force automation, lead management, customer service and other sales and analysis applications.
- To know more about the this award, you can click here http://www.cio.com/cio100/detail/2079.
- What makes this award more special is that Reliance Capital Asset Management Limited is the only Indian Company to receive 2010 CIO 100 award.
Methodology
CIO - In November 2009, applications were solicited for the 2010 CIO 100 Awards through ads in CIO and online newsletters, as well as electronic mailings to print subscribers, event attendees and to publicists who sign up to receive our editorial announcements. Entrants filled out an online application between November 2009 and early March 2010. Although most applications came from companies headquartered in North America, the pool included entries from multiple continents. Two CIO 100 judges, who included former CIOs, academic experts and independent consultants-read each application. The judges evaluated the applications according to two criteria: innovation and business value. Applications that received a score of 15 or higher (out of a possible 20) were selected for a second round of scrutiny by CIO editors. The examination was done on how each company stacked up against the others in the pool, putting emphasis on submissions that told the best stories about generating business value through creative and cutting-edge uses of technology. It was sought to cull the most exciting initiatives in the mix for the CIO 100 honor. The companies selected for this year's CIO 100 Awards range from organizations with a few million dollars in revenue to multibillion-dollar global powerhouses, and they span every industry. Companies had to demonstrate not only that they were able to create new value using IT and execute their project well but also that they did so in uncommon, innovative ways: pioneering a new technology, applying a familiar technology to a new purpose, setting the bar higher for their competitors. We emphasized as well projects that, due to their scope and impact, positioned companies to weather today's economic challenges. In short, these companies are technology leaders. The award has been granted for the year 2009 and will be in vogue till the announcement of the award for the next year in the same category. Past performance is no guarantee of future results. Source: www.cio.com.
CRISIL Fund House Level 1
“CRISIL Fund House Level 1” rating denotes that RCAM has been judged by CRISIL Limited (Rating Agency) to possess HIGHEST LEVEL OF PROCESS QUALITY AND RISK MANAGEMENT CAPABILITY IN FUND MANAGEMENT PRACTICES. The other levels of rating are Level 2, Level 3, Level 4, and Level 5 denoting High, Average, Below Average and Poor ‘level of process quality and risk management capability in Fund Management Practices’, respectively. “CRISIL Fund House Level 1” is a rating and not a ranking. CRISIL, a Standard & Poor's company is India's leading Ratings, Research, Risk and Policy Advisory Company. CRISIL's majority shareholder is Standard & Poor's, the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. The rating methodology emphasizes qualitative over quantitative factors. The Rating Agency has also factored inputs from Association of Mutual Funds of India & Securities and Exchange Board of India. The parameters which were used to arrive at the rating cover all the critical areas of operation of RCAM and a high score on these parameters which Rating Agency believes, have a strong co-relation with good long-term performance by the fund house. The five broad parameters evaluated for assigning this rating were (i) Organization Structure (ii) Investment Decision-making Process and Performance (iii) Operational Policies and Efficiencies (iv) Risk Management (v) Selling & Client Servicing Practices. The rating is valid for the period of 12 months from February 2, 2010. For detailed methodology, please visit www.crisil.com > Ratings > Methodology / Criteria > Funds.
- CNBC TV18 - CRISIL Mutual Fund of the Year Award for 2009:
Reliance Mutual Fund has won the ‘CNBC TV18 - CRISIL Mutual Fund of the Year’ Award in the Category – Mutual Fund House of the Year (Awarded by CRISIL FundServices, CRISIL Limited). In total 37 fund houses were considered as the award universe. Fund Houses winning at least one award for their schemes in the category level awards for 2009 were eligible to be in contention for the award. The award is based on consistency of fund house’s performance across various scheme categories in the four quarterly CRISIL Composite Performance Rankings (CPRs) released during the calendar year 2009. The individual CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses. The mutual fund house with the highest final score is the “Mutual Fund House of the Year”. The award has been granted for the year 2009 and will be in vogue till the announcement of the award for the next year in the same category. A detailed methodology of the CRISIL CPR is available at www.crisilfundservices.com. Past performance is no guarantee of future results.
Rankings and Award Source: CRISIL FundServices, CRISIL Limited.
- Asia Manager for the year 2009 :
Reliance Capital Asset Management Limited has been awarded “Asset Manager for the year 2009” i.e. from July 2008 to July 2009 at Asia Risk Awards 2009 by Incisive Media Publishing Limited. The participation was open for all the Asset Managers across Asia Pacific. Twelve Asset Managers participated for the award exercise. The Asia Risk Annual Award is renowned for recognizing and rewarding institutions for the best risk management practices adopted by them. The judging panel comprise of the editorial team of Incisive Media Publishing Limited. The panel identifies asset managers that have demonstrated a responsible approach to risk management over the year and/or launched innovative products. Key factors determining the awards include significant improvements in internal risk management practices, risk systems, corporate governance and utilization of derivatives in a prudent and responsible manner. Past Performance may or may not be sustained in future. Source: Asia Risk Magazine and www.asiarisk.com.hk.
Disclaimer
Sponsor : Reliance Capital Limited.Trustee : Reliance Capital Trustee Company Limited. Investment Manager : Reliance Capital Asset Management Limited (Registered Office of Trustee & Investment Manager: “Reliance House” Nr. Mardia Plaza, Off. C.G. Road, Ahmedabad 380 006). The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act 1956. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond their initial contribution of Rs.1 lakh towards the setting up of the Mutual Fund and such other accretions and additions to the corpus. Statutory Details : Reliance Mutual Fund has been constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882.
Risk Factors : Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the capital markets. The names of the Schemes do not in any manner indicate either the quality of the Scheme; its future prospects or returns. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of the future performance of the Scheme. The NAV of the Scheme may be affected, interalia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. For details of scheme features apart from those mentioned above and for Scheme specific risk factors, please refer to the Scheme Information Document which is available at all the DISC / Distributors / www.reliancemutual.com. Please read the Scheme Information Document and Statement of Additional Information carefully before investing.
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