A Hong Kong-based journal Asia Asset Management has named Reliance Capital Asset Management Company, which manages Reliance MF schemes, as the best fund in the country for 2008 as it has maintained its growth trajectory even in the midst of the ongoing global economic crisis.
Largest in terms of asset, Reliance Mutual Fund manages a corpus of over Rs 70,208 crore having over 71 lakh of investors as on December 31, 2008. The journal also named Vikrant Gugnani, CEO of Reliance Mutual Fund from October 2005 to December 2008, as the best CEO in the Indian MF industry.