The publication has also named Vikrant Gugnani, the CEO of Reliance Mutual Fund from October 2005 to December 2008, as the best CEO in the MF industry. Currently, he is the CEO of International Business of Reliance Capital.
Reliance Mutual Fund manages a corpus of over Rs 70,208 crore in the country and has over 71 lakh investors as on December 31, 2008. I was elated with the news because I have invested in Reliance Mutual Fund. And this recognition will make the company more committed towards serving its investors with better products and services.
Investing your hard earned money in mutual funds is always better than investing them in shares. It is because mutual funds collect money from millions of investors and therefore, they achieve economies of scale. Mutual funds are typically very liquid investments. Unless they have a pre-specified lock-in period, your money will be available to you anytime you want.
Moreover, mutual fund companies offer you the services of a qualified fund manager who diversifies your investments in different sectors. If you invest most of your savings in a single security or one investment becomes very large in your portfolio, you are exposed to the risk that is attached to those investments. For instance, if you have Rs 2 lakh, you will be able to purchase only some shares of a reputed company belonging to a particular sector. And if that sector goes down or that company suffers a loss, you also stand to suffer a huge loss. On the other hand, a fund manager efficiently invests your limited funds in different sectors so that even if one sector is down, your investments do not suffer as much.
So, I feel that this recognition offered to the Reliance Mutual Fund has enhanced its reputation in the eyes of the investors. Now, more and more people will be attracted to invest in the company, further strengthening its position in the market.
Its a very good news for Indian as well as investors.
In this blog writer says that the Mutual funds are better than share market. Reliance is a big company I feel proud if this company help to reduce the hit of recession.
Comment by Shiv Kumar — February 4, 2009 @ 11:44 am
Reliance Mutual Fund as the country’s best fund house for 2008. Thanks for Giving me information related to Mutual funds.
Comment by Vishal Sharma — February 6, 2009 @ 10:04 am