Reliance Mutual Fund Case Study

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Reliance Mutual Fund ('RMF'/ 'Mutual Fund') is one of India’s leading Mutual Funds, with Average Assets Under Management (AAUM) of Rs. 90,636 Crores and an investor count of over 58.42 and 64.53 Lakh folios. (AAUM and investor count as of Oct to Dec '12) Source Reliance Mutual Fund, a part of the Reliance Group, is one of the fastest growing mutual funds in India. RMF offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 179 cities across the country. Reliance Mutual Fund constantly endeavors to launch innovative products and customer service initiatives to increase value to investors. Reliance Capital Asset Management Limited (‘RCAM’) is the asset manager of Reliance Mutual Fund.…show more content…
The Board of Directors of RCAM is a professional body constituting inter-alia of, well-experienced and knowledgeable independent members. Regular audit committee meetings are conducted to review the operations and performance of the company. Employees:Reliance Capital Asset Management Limited has at present, a code of conduct for all its officers. It has a clearly defined prohibition on insider trading policy and regulations. The management believes in the principles of propriety and utmost care is taken while handling public money, making proper and adequate disclosures. All personnel at RCAM are made aware of their rights, obligations and duties as part of the Dealing Policy laid down in terms of SEBI guidelines. They are taken through a well-designed HR program, conducted to impart work ethics, the Code of Conduct, information security, Internet and e-mail usage and a host of other issues. One of the core objectives of RCAM is to identify issues considered sensitive by global corporate standards, and implement policies/guidelines in conformity with the best practices as an ongoing process. RCAM gives top priority to compliance in true letter and spirit, fully understanding its fiduciary responsibilities. RELIENCE CAPITAL…show more content…
Reliance Capital Asset Management Limited (RCAM) is an unlisted Public Limited Company incorporated under the Companies Act, 1956 on February 24, 1995, having its registered office at 'H' Block,1st Floor, DhirubhaiAmbani Knowledge City, Koparkhairne, Navi Mumbai - 400 710 Maharashtra and its Corporate Office at One Indiabulls Centre, Tower 1, 11-12 Floors, Jupiter Mills Compound, 841, SenapatiBapatMarg, Elphinstone Road, Mumbai - 400 013 RCAM has been appointed as the Asset Management company of Reliance Mutual Fund by the Trustees of Reliance Mutual Fund vide Investment Management Agreement (IMA) dated May 12, 1995 and executed between Reliance Capital Trustee Co. Limited and Reliance Capital Asset Management Limited and amended on August 12, 1997 and amended on August 12, 1997, January 20, 2004 and February 17, 2011 in line with SEBI (Mutual Funds) Regulations, 1996. Pursuant to this IMA, RCAM is acting as the Investment Manager of the Mutual Fund. The net worth of the Asset Management Company based unautdited financials statements as on September 30, 2011 is Rs. 1,228.89 Crore. The Mutual Fund has launched following Schemes till date, namely : Reliance Growth Fund (September

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