Reliance Capital assets under management (AUM) rise Rs 7,000 cr

Reliance Capital assets under management (AUM) rise Rs 7,000 cr

Reliance Capital registered 21 pct increase in its AUM in mutual funds at Rs 97,771 cr.

Reliance Capital Asset Management today said its assets under management (AUM) have increased by Rs 7,000 crore in the April-June period 2013,taking the total AUM to Rs 1.80 lakh crore.


* Mutual Funds: Top Performers

Total AUM now stands over Rs 1,80,000 crore across mutual funds,PMS,EPFO,pensions funds and offshore mandates,” the company said in a statement.

During the first quarter of this fiscal year,the company registered 21 per cent increase in its average AUM in mutual funds at Rs 97,771 crore.

Related: Rs 25,000 cr to help mutual fund industry

Related: Rise in yields takes a toll on debt fund returns


“Our focus on increased retail participation and expanding our reach in Tier 2 and Tier 3 cities have helped us maintain high profitability in challenging times for the industry,” Reliance Capital Asset Management (RCAM) CEO Sundeep Sikka said.

Meanwhile,the company completed 10,000 investor awareness programmes,the highest in the industry,across the country till the first quarter of FY14.

Moreover,it has added over 1,000 distributors in its network to 41,500 distributors in the first quarter of FY14,as compared to 40,500 during the same quarter last fiscal year.

RCAM is part of Reliance Capital,one of India’s largest financial services companies with over 20 million customers.