Reliance Growth Fund touches a net asset value of Rs 600

Tags: News
Reliance Capital Asset Management's open-ended equity growth scheme, Reliance Growth Fund, has achieved a net asset value (NAV) of Rs 600.

This is the first fund in the industry to achieve this NAV level. The fund was launched 19 years ago.

"Our in-depth research capabilities coupled with stocks picking abilities have, over the years, yielded superior returns to our investors. We are confident of offering superior returns to our investors in future," Reliance Capital Asset Management CEO Sundeep Sikka told PTI.

Reliance Growth Fund, a mid-cap oriented fund, is primarily invested in financial, information technology, industrials and healthcare companies.

The fund has a corpus of over Rs 4,600 crore from six lakh investors.

Investors that stayed with the fund since inception and have been benefited by growing their wealth over 60-times till date.

"Investors that invested Rs 1 lakh in Reliance Growth Fund have now grown their investments to Rs 60.44 lakh. However, if the same amount was invested in benchmark, the wealth would have grown to Rs 7.74 lakh. We are hopeful of maintaining our focus towards generating better returns for our investors," he said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture