Reliance Mutual Fund is country’s largest mutual fund house. Last month, It became the first mutual fund (MF) house in India to cross the Rs.1 Lakh crore mark in average Asset under Management (AUM) for a month.
The fund house recorded 13% increase in average AUM for May to Rs.1.02 lakh crore compared with Rs.88,387 crore in April.
Reliance MF’s schemes are managed by Reliance Capital Asset Management, a subsidiary of listed Reliance Capital.
Reliance MF is the largest fund house in the country and has been topping the industry AUM charts for the past 2 years.
Other largest fund house of the country are,
- HDFC MF
- ICICI Prudential MF
- UTI MF
- Birla Sun Life MF
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