COMPANY PROFILE
Reliance Mutual Fund ('RMF'/ 'Mutual Fund') is one of India’s leading Mutual Funds, with Average Assets Under Management (AAUM) of Rs. 1, 01,259 Crores and an investor count of over 66.90 Lakh folios.
Reliance Mutual Fund, a part of the Reliance Group, is one of the fastest growing mutual funds in India
Reliance Capital Ltd. is one of
| Sponsor | : Reliance Capital Limited |
| Trustee | : Reliance Capital Trustee Co. Limited |
| Investment Manager / AMC | : Reliance Capital Asset Management Limited |
| Statutory Details | : The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act 1956. |
VISION & MISSION STATEMENT
Vision Statement
To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.
To create and nurture a world-class, high performance environment aimed at delighting our customers.
CORPORATE GOVERNANCE
OUR CORPORATE GOVERNANCE POLICY:
Reliance Capital Asset Management Limited has a vision of being a leading player in the mutual fund business and has achieved significant success and visibility in the market.
However, an imperative part of growth and visibility is adherence to good conduct in the marketplace. At Reliance Capital Asset Management Limited, the implementation and observance of ethical processes and policies has helped us in standing up to the scrutiny of our domestic and international investors.
However, an imperative part of growth and visibility is adherence to good conduct in the marketplace. At Reliance Capital Asset Management Limited, the implementation and observance of ethical processes and policies has helped us in standing up to the scrutiny of our domestic and international investors.
MANAGEMENT:
The management at Reliance Capital Asset Management Limited is committed to good corporate governance, which includes transparency and timely dissemination of information to its investors and unit holders. The Board of Directors of RCAM is a professional body constituting inter-alia of, well-experienced and knowledgeable independent members. Regular audit committee meetings are conducted to review the operations and performance of
The company.
EMPLOYEES
Reliance Capital Asset Management Limited has at present, a code of conduct for all its officers. It has a clearly defined prohibition on insider trading policy and regulations. The management believes in the principles of propriety and utmost care is taken while handling public money, making proper and adequate disclosures.
Reliance Capital Asset Management Limited has at present, a code of conduct for all its officers. It has a clearly defined prohibition on insider trading policy and regulations. The management believes in the principles of propriety and utmost care is taken while handling public money, making proper and adequate disclosures.
All personnel at RCAM are made aware of their rights, obligations and duties as part of the Dealing Policy laid down in terms of SEBI guidelines. They are taken through a well-designed HR program, conducted to impart work ethics, the Code of Conduct, information security, Internet and e-mail usage and a host of other issues.
One of the core objectives of RCAM is to identify issues considered sensitive by global corporate standards, and implement policies/guidelines in conformity with the best practices as an ongoing process.
RCAM gives top priority to compliance in true letter and spirit, fully understanding its fiduciary responsibilities.
SPONSORS
Reliance Capital Limited:
Corporate&RegisteredOffice:
Reliance Capital Ltd. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, NaviMumbai-400710.Tel.022–30327000,Fax.022–30327202
Reliance Mutual Fund schemes are managed by Reliance Capital Asset Management Limited, a subsidiary of Reliance Capital Limited, which holds 92.93% of the paid-up capital of Reliance Capital Asset Management Limited, the balance paid up capital being held by minority shareholders. Reliance Mutual Fund (RMF) has been sponsored by Reliance Capital Ltd(RCL).The promoter \of RCL is AAA Enterprises Private Limited.
Reliance Capital Limited is a Non Banking Finance Company and is one of the India’s leading and fastest growing financial services companies, and ranks among the top three private sector financial services and banking companies in India, in terms of net worth.
Reliance Capital Limited has interests in asset management and mutual funds, life and non-life insurance, private equity and proprietary investments, stock broking and other activities in the financial services sector. The net worth of RCL is as follows:
Reliance Capital Ltd. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, NaviMumbai-400710.Tel.022–30327000,Fax.022–30327202
Reliance Mutual Fund schemes are managed by Reliance Capital Asset Management Limited, a subsidiary of Reliance Capital Limited, which holds 92.93% of the paid-up capital of Reliance Capital Asset Management Limited, the balance paid up capital being held by minority shareholders. Reliance Mutual Fund (RMF) has been sponsored by Reliance Capital Ltd(RCL).The promoter \of RCL is AAA Enterprises Private Limited.
Reliance Capital Limited is a Non Banking Finance Company and is one of the India’s leading and fastest growing financial services companies, and ranks among the top three private sector financial services and banking companies in India, in terms of net worth.
Reliance Capital Limited has interests in asset management and mutual funds, life and non-life insurance, private equity and proprietary investments, stock broking and other activities in the financial services sector. The net worth of RCL is as follows:
| Particulars (Rs.in crores) | 2009-10 | 2008-09 | 2007-08 |
| Net Worth | 6885.70 | 6687.30 | 5927.50 |
| Total Income | 2366.62 | 2974.85 | 2079.79 |
| Profit After Tax | 339.42 | 968.02 | 1025.45 |
Reliance Capital Limited has contributed Rupees One Lac as the initial contribution to the corpus for the setting up of the Reliance Mutual Fund. Reliance Capital Limited is responsible for discharging its functions and responsibilities towards the Fund in accordance with the Securities and Exchange Board of India (SEBI) Regulations.
The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond the contribution of an amount of Rupees one Lac made by them towards the initial corpus for setting up the Fund and such other accretions and additions to the corpus.
THE AMC
About Reliance Capital Asset Management Limited.
Reliance Capital Asset Management Limited (RCAM) is an unlisted Public Limited Company incorporated under the Companies Act, 1956 on February 24, 1995, having its registered office at "Reliance House", Near. Mardia Plaza, Off. C.G. Road, Ahmadabad, 380 006 and its Corporate Office at One Indiabulls Centre, Tower 1, 11-12 Floors, Jupiter Mills Compound , 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. RCAM has been appointed as the Asset Management company of Reliance Mutual Fund by the Trustees of Reliance Mutual Fund vide Investment Management Agreement (IMA) dated May 12, 1995 and executed between Reliance Capital Trustee Co. Limited and Reliance Capital Asset Management Limited and amended on August 12, 1997 and amended on August 12, 1997, January 20, 2004 and February 17, 2011 in line with SEBI (Mutual Funds) Regulations, 1996.
REGISTRAR
Reliance Capital Asset Management Limited has appointed M/s. Karvy Computershare Pvt. Limited to act as the Registrar and Transfer Agent to the Schemes of Reliance Mutual Fund. M/s. Karvy Computershare Pvt. Limited (KCL) having their office at Madhura Estate, Muncipal No 1-9/13/C, Plot No 13 & 13C, Survey No 74 & 75,Madhapur Village, Serlingampally Mandal & Muncipality R R District, Hyderabad 500 081, is a Registrar and Transfer Agent registered withSEBIunderregistrationno.INR000000221.
Reliance Capital Asset Management Ltd. and the Trustee have satisfied themselves, after undertaking appropriate due diligence measures, that they can provide the services required and have adequate facilities, including systems facilities and back up, to do so.
TRUSTEES
RelianceCapitalTrusteeCo.Limited
Regd. Office:“Reliance House”, NearMardia Plaza C G Road , Ahmadabad
Corporate Office: One Indiabulls Centre, Tower 1, Jupiter Mills Compound , 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Boardline No.: 022 3099 4600.
Reliance Capital Trustee Co. Limited (RCTC), a company incorporated under the Companies Act, 1956, has been appointed as the Trustee to the Fund vide the Trust Deed dated April 25, 1995 executed between the Sponsor and the Trustee and amended on March 15, 2011 in line with SEBI (Mutual Funds) Regulations, 1996.
Regd. Office:“Reliance House”, Near
Corporate Office: One Indiabulls Centre, Tower 1, Jupiter Mills Compound , 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Boardline No.: 022 3099 4600.
Reliance Capital Trustee Co. Limited (RCTC), a company incorporated under the Companies Act, 1956, has been appointed as the Trustee to the Fund vide the Trust Deed dated April 25, 1995 executed between the Sponsor and the Trustee and amended on March 15, 2011 in line with SEBI (Mutual Funds) Regulations, 1996.
MANAGEMENT TEAM
BOARD OF DIRECTORS
Ø Kanu Doshi
Ø Sushil Tripathi
Ø Manu Chadha
Ø Soumen Ghosh
Management Team
Ø Sundeep SikkaCEO
Ø Sunil B. SinghaniaHead - Equity Investments
Ø Amitabh MohantyHead - Fixed Income
Equity Fund Managers
Ø Shailesh Raj Bhan
Ø Ashwani Kumar
Ø Krishan Daga
Ø Omprakash S. Kuckian
Ø Govind Agrawal
Debt Fund Managers
Ø Amit Tripathi
Ø Prashant Pimple
Ø Anju Chhajer
PRODUCTS
EQUITY
Ø Diversified Large cap
Ø Diversified multicap
Ø Diversified mid cap and small cap
Ø Index
Ø Banking
Ø Diversified theme based
Ø Sector
Ø Tax saver
Ø Arbitrage
Ø Balanced
DEBT
Ø Ultra short term
Ø Short term funds
Ø Monthly income plans
Ø Money market funds
Ø Long term funds
GOLD
Ø Gold exchange traded fund
Ø Gold savings fund
ORGANIZATION STRUCTURE
AWARDS AND ACHIEVEMENTS
CNBC TV18 - CRISIL Mutual Fund of the Year Award for 2009: Reliance Mutual Fund has won the ‘CNBC TV18 - CRISIL Mutual Fund of the Year’ Award in the Category – Mutual Fund House of the Year (Awarded by CRISIL Fund Services, CRISIL Limited). In total 37 fund houses were considered as the award universe. Fund Houses winning at least one award for their schemes in the category level awards for 2009 were eligible to be in contention for the award. The award is based on consistency of fund house’s performance across various scheme categories in the four quarterly CRISIL Composite Performance Rankings (CPRs) released during the calendar year 2009. The individual CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses. The mutual fund house with the highest final score is the “Mutual Fund House of the Year”. The award has been granted for the year 2009 and will be in vogue till the announcement of the award for the next year in the same category. A detailed methodology of the CRISIL CPR is available atwww.crisilfundservices.com. Past performance is no guaranteeoffutureresults.
Rankings and Award Source: CRISIL Fund Services, CRISIL Limited.
Rankings and Award Source: CRISIL Fund Services, CRISIL Limited.
MUTUAL FUND
ABOUT RELIANCE MUTUAL FUND
Reliance Mutual Fund (RMF) has been established as a trust under the Indian Trusts Act, 1882 with Reliance Capital Limited (RCL), as the Settler/Sponsor and Reliance Capital TrusteeCo.Limited(RCTCL),astheTrustee.
RMF has been registered with the Securities & Exchange Board of India (SEBI) vide registration number MF/022/95/1 dated June 30, 1995. The name of Reliance Capital Mutual Fund was changed to Reliance Mutual Fund effective 11th March 2004 vide SEBI's letter no. IMD/PSP/4958/2004 date 11th March 2004. Reliance Mutual Fund was formed to launch various schemes under which units are issued to the Public with a view to contribute to the capital market and to provide investors the opportunities to make investments in diversified securities.
The main objectives of the Reliance Mutual Fund are:
RMF has been registered with the Securities & Exchange Board of India (SEBI) vide registration number MF/022/95/1 dated June 30, 1995. The name of Reliance Capital Mutual Fund was changed to Reliance Mutual Fund effective 11th March 2004 vide SEBI's letter no. IMD/PSP/4958/2004 date 11th March 2004. Reliance Mutual Fund was formed to launch various schemes under which units are issued to the Public with a view to contribute to the capital market and to provide investors the opportunities to make investments in diversified securities.
The main objectives of the Reliance Mutual Fund are:
Ø To carry on the activity of a Mutual Fund as may be permitted at law and formulate and devise various collective Schemes of savings and investments for people in India and abroad and also ensure liquidity of investments for the Unit holders;
Ø To deploy Funds thus raised so as to help the Unit holders earn reasonable returns on their savings and
Ø To take such steps as may be necessary from time to time to realize the effects without any limitation.
Statutory Auditor to the Schemes of Reliance Mutual Fund:
Haribhakti & Co.
Chartered Accountants
42, Free Press House,
Nariman Point, Mumbai - 400 021.
Internal Auditor to the Schemes of Reliance Mutual Fund:
Price Waterhouse Coopers.
Chartered Accountants
252, Veer Savarkar Marg,
Mumbai - 400 028.
Statutory Auditors to the Asset Management Company
BSR & Co.
KPMG House, Kamla Mills Compound,
448, Senapati Bapat Marg,
Lower Parel, Mumbai
Statutory Auditors to the Trustee Company
M/s. Malpani & Associates
Chartered Accountants
307, Chartered House,
Dr. C.H. Street,
Near Marine Lines Church,
Mumbai - 400 002.
M/s. Malpani & Associates
Chartered Accountants
307, Chartered House,
Dr. C.H. Street,
Near Marine Lines Church,
Mumbai - 400 002.
CUSTODIAN
DeutscheBank,AG
The Trustee has appointed Deutsche Bank, AG located at Kodak House, Ground Floor, 222 Dr. D.N.Road, Mumbai-400 001, as the Custodian of the securities that are bought and sold under the Scheme. A Custody Agreement has been entered with Deutsche Bank in accordance with SEBI Regulations. The Custodian is approved by SEBI under registration no. IN/CUS/003 to act as Custodian for the Fund.
The Trustee has appointed Deutsche Bank, AG located at Kodak House, Ground Floor, 222 Dr. D.N.Road, Mumbai-400 001, as the Custodian of the securities that are bought and sold under the Scheme. A Custody Agreement has been entered with Deutsche Bank in accordance with SEBI Regulations. The Custodian is approved by SEBI under registration no. IN/CUS/003 to act as Custodian for the Fund.
OUR SERVICE PROVIDERS
Registrar to the schemes
Karvy Computershare Pvt. Ltd
Custodians to the schemes
Deutsche Bank AG
Bankers to the Schemes Bankers to the Schemes to be notified from time to time.
WebservicesReliance Infocomm
Karvy Computershare Pvt. Ltd
Custodians to the schemes
Deutsche Bank AG
Bankers to the Schemes Bankers to the Schemes to be notified from time to time.
WebservicesReliance Infocomm
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