Reliance MF has become the first mutual fund in the country to cross an average asset under management of Rs one lakh crore due to the improving liquidity and strengthening market sentiment. Reliance MF has witnessed a growth of about 13 per cent with the average AUM crossing the Rs 1,00,000 crore-mark in May as against Rs 88,387.98 crore at the end of April.
Reliance MF had crossed the Rs one lakh crore mark in May last year, but in terms of total assets under management. But, this time the level has been crossed in the average AUM for the month.
For the past two years, Reliance AMC has been topping the charts of AUM backed by the strong inflows into equity and later in debt or money market schemes.
Reliance MF had crossed the Rs one lakh crore mark in May last year, but in terms of total assets under management. But, this time the level has been crossed in the average AUM for the month.
For the past two years, Reliance AMC has been topping the charts of AUM backed by the strong inflows into equity and later in debt or money market schemes.
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