Reliance MF wins Lipper award for banking fund in Gulf region

Reliance Mutual Fund on Friday said it has received an award from global fund tracking firm Lipper for its performance in 'Banking Fund' in the Gulf region over a three-year period.

Updated on: Apr 10, 2009, 16:48:07 IST

PTI | By HT Correspondent, New Delhi

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Reliance Mutual Fund on Friday said it has received an award from global fund tracking firm Lipper for its performance in 'Banking Fund' in the Gulf region over a three-year period. The fund house has also bagged awards for its 'Regular Saving Fund-Equity Plan-Growth', 'Growth Fund – Growth Plan', 'Banking Fund Retail-Growth Plan-Growth Option' and 'Growth Fund-Growth Plan', Reliance MF said in a statement.

"This award is very special as it comes from one of the most respected institutions for the category. This proves our consistent performance in countries outside India. "We convey our gratitude to our investors and partners in the Gulf Cooperation Council (GCC) region who have been the driving force towards our success," Reliance MF CEO Sundeep Sikka said.

The company has operations in 400 cities and towns across the country and has assets under management of around Rs 80,962.94 crore as on March 31, making it the most valued fund house in the country.

The Lipper Fund Awards highlight funds that have excelled in delivering consistent strong risk-adjusted performance.

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