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| Reliance Declares Dividend On It's Growth Fund |
| Announcement / Markets Oct 26, 2009, 20:05 IST |
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India’s leading Mutual fund house, Reliance Mutual Fund, under Reliance Capital Asset Management part of the Anil Dhirubhai Ambani Group, announced a 50% dividend in their Reliance Growth Fund.
Reliance Growth Fund is an open ended equity scheme whose primary investment objective is to achieve long-term growth of capital by investing in equity and equity related securities through a research based investment approach. Reliance Growth Fund has given a consistent dividend payout of a cumulative 745% of the face value till date. The flagship scheme of RMF, Reliance Growth Fund has given returns of approximately more 30 %( CAGR) since its inception.
The consistency in performance and track record of the flagship scheme has won many accolades to its credit.
- CRISIL~CPR 1 : Consistent CPR Performer under Open End Diversified Equity Scheme, June 2009
- Reliance Growth Fund-Growth Plan" won 2 awards at the inaugural Lipper Fund Awards 2006, viz
* "Best Fund Over Three Years - Equity India"
* "Best Fund Over Five Years - Equity India"
- In 2006-2007 Lipper, the internationally acclaimed fund intelligence agency, adjudged Reliance Growth Fund & one of the best performing open-ended equity funds over a period of 5 years. The evaluation was done over 13000 open ended global equity schemes.
A long journey of nearly a decade and a half of Reliance Growth has seen investor’s trust grow even more where most of them still vouch by it. The charm lies in the fact that the fund has impressed investor’s, during trying market conditions with consistent performance and a brilliant track record.
“We’re happy to fulfil the financial dreams of our investors by creating wealth and by helping them in times of need. However we believe that leaders never rest on their laurels and always focus on future challenges. As we cross this milestone and move ahead in this quest for new frontiers we seek our investor’s reimposed faith in what is now the one of our flagship funds”, said Mr. Sundeep Sikka, CEO, Reliance Mutual Fund.
About Reliance Mutual Fund
RMF has grown to be the leader in the Mutual Fund Industry in a short span of less than 5 years, beating much more established players in the field. With Assets Under Management (AUM), of 1,08,334 crore, RMF is a clear leader with a 30% lead over its nearest competition. With More than 90% of the applicants having less than Rs. 50,000 of investments and over 1 million SIP investors proves that Reliance Mutual Fund is truly a very retail focused fund house.
Reliance Mutual Fund schemes are managed by Reliance Capital Asset Management Limited., a subsidiary of Reliance Capital Limited, which holds 93.37% of the paid-up capital of RCAM, the balance paid up capital being held by minority shareholders.
Reliance Capital Ltd. is one of India’s leading and fastest growing private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital Ltd. has interests in asset management, life and general insurance, private equity and proprietary investments, stock broking and other financial services.
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