India's largest mutual fund may also be the first to go public. Sundeep Sikka, CEO, Reliance Mutual Fund, says the company is considering an initial public offering. "I think we are well capitalized at this point of time, but we are open for an IPO also. We are open and it is on the white board only."
According to him, Reliance MF is looking to expand through global acquisitions. "As far as global ambitions are concerned, yes we are. We are already present in Singapore, Malaysia, Dubai and we have a subsidiary in UK. As far as acquisitions are concerned, we are open for it as along as anything is coming at the right price."
As per the company's website, Reliance Mutual Fund is a part of the Reliance - Anil Dhirubhai Ambani Group. RMF offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 118 cities across the country. "Reliance Mutual Fund schemes are managed by Reliance Capital Asset Management Limited., a subsidiary of Reliance Capital Limited, which holds 93.37% of the paid-up capital of RCAM, the balance paid up capital being held by minority shareholders."
Reliance Mutual Fund (RMF) has Average Assets Under Management (AAUM) of Rs 1,08,334.38 crore and an investor base of over 74.63 lakh. (AAUM and investor count as on July 31, 2009).
Reliance Capital has interests in asset management, life and general insurance, private equity and proprietary investments, stock broking and other financial services.
According to him, Reliance MF is looking to expand through global acquisitions. "As far as global ambitions are concerned, yes we are. We are already present in Singapore, Malaysia, Dubai and we have a subsidiary in UK. As far as acquisitions are concerned, we are open for it as along as anything is coming at the right price."
As per the company's website, Reliance Mutual Fund is a part of the Reliance - Anil Dhirubhai Ambani Group. RMF offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 118 cities across the country. "Reliance Mutual Fund schemes are managed by Reliance Capital Asset Management Limited., a subsidiary of Reliance Capital Limited, which holds 93.37% of the paid-up capital of RCAM, the balance paid up capital being held by minority shareholders."
Reliance Mutual Fund (RMF) has Average Assets Under Management (AAUM) of Rs 1,08,334.38 crore and an investor base of over 74.63 lakh. (AAUM and investor count as on July 31, 2009).
Reliance Capital has interests in asset management, life and general insurance, private equity and proprietary investments, stock broking and other financial services.
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