Reliance Mutual Fund has always dreamt big and managed on several counts to be really big. An important part of the way Reliance is managed is risk management. According to Sundeep Sikka, the CEO, given the large number and diverse characteristics of funds that the AMC runs, risk management is a large and visible function. At Reliance, the risk function reports directly to the board. An offshoot of this approach is the basic discipline of portfolio construction. In recent times, the fund house has clearly articulated the position that each individual fund is to take. The outcome is that sectoral, size and stock-level guidelines are strictly followed.
Through Edge, the fund house's learning academy, it has conducted more than 10,000 investor awareness programs in more than 400 unique locations, with majority of them beyond the top-15 cities. Sikka's advice to investors: view investments in capital market with a long term perspective. After all someone rightly said: stone after stone in the pitcher brings the water level up.
Total assets: Rs 95,228 crore, Net Profit: Rs 228.99 crore
This article was originally published on December 26, 2013.
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