Mumbai:
Reliance Mutual Fund, a part of the Anil Dhirubhai Ambani Enterprises'' Reliance
Capital, has reported its assets under management (AuM) have crossed Rs50,000
crore, emerging as the largest fund house in the country. ICICI Prudential was
at second place with AuM of Rs42,268 crore in April.The
company says it has become the second asset management company in the country
to have been certified as being ISO 9001:2000-compliant, covering all functional
areas, which is valid till the end of 2007. Reliance
mutual fund, part of reliance capital, bagged the ISO 9001:2000 certification,
which is valid for its products'' design and development, sales and customer support
services, a company release said. According
to the figures released by Association of Mutual Funds in India, Reliance Mutual
Fund''s AuM reached Rs48,828 crore in April,
netting Rs2,521 crore over Rs46,307 crore in March. The
combined AuMs of the 30 registered fund houses rose over Rs24,017 crore during
the month to report a total of Rs350,441 crore in April this year as against Rs326,425
crore in March.
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