Asset management firm Reliance Mutual Fund had reported a growth of 1.5 times of its retail debt asset base. The company generated the highest income per unit across the industry, closing at INR19,000 crore for the last fiscal year of 2012 to 2013.
The house's retail debt asset grew by almost 144% to INR 18,988 crore for the same period. which was reported as INR7,770 crore in the previous year. The fund also saw its Asset under Management for debt asset class, increasing by 39% to INR15,141 crore in the latest fiscal year. It had outperformed the industry by an average growth of nearly 33%.
The RMF also had the highest income per unit of AUM at 0.81% as against HDFC Mutual Fund's 0.80%, Birla Sunlife MF's 0.59% and ICICI Prudential at 0.49%. The total income increase was pegged at 11% for RMF during 2012 and 2013, which is a bit lower compared to HDFC MF's 13.62% and ICICI Pru's 11.14%.
Join the Conversation