Friday, October 7, 2011

Reliance Mutual Fund loses top spot to HDFC MF

HDFC Mutual Fund, partly owned by Standard Life of UK, has become the biggest in the country for the first time since inception in 1999, as Reliance Mutual Fund loses its 5-year pole position due to investor withdrawals in a sliding market.
The fund, led by Milind Barve, managed to change the pecking order since it has weathered the storm better than most as its strong retail base and conservative approach prevented knee-jerk reaction from unit-holders during the times of crisis.
Reliance Mutual Fund's asset under management was Rs 90,660 crore in September, compared with HDFC Mutual's Rs 91,827 crore. Reliance's base shrunk over 11% in September quarter. In contrast, HDFC's fell 0.2%.

Source: http://articles.economictimes.indiatimes.com/2011-10-06/news/30250538_1_sundeep-sikka-reliance-mutual-fund-reliance-equity

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Aggrasive Portfolio

  • Principal Emerging Bluechip fund (Stock picker Fund) 11%
  • Reliance Growth Fund (Stock Picker Fund) 11%
  • IDFC Premier Equity Fund (Stock picker Fund) (STP) 11%
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  • Sundram BNP Paribas Select Midcap Fund (Midcap Fund) 8%
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  • Principal MIP Fund (15% Equity oriented) 10%
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Moderate Portfolio

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  • Principal Large Cap Fund (Largecap Equity Fund) 10%
  • Reliance Vision Fund (Large Cap Fund) 10%
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  • Reliance Regular Saving Fund (Stock Picker Fund) 10%
  • Birla Sun Life Front Line Equity Fund (Large Cap Fund) 9%
  • HDFC Prudence Fund (Balance Fund) 9%
  • ICICI Prudential Dynamic Plan (Dynamic Fund) 9%
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Conservative Portfolio

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  • Principal Monthly Income Plan (MIP Fund) 16%
  • HDFC TOP 200 Fund (Large Cap Fund) 8%
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