Reliance Capital Asset Management (RCAM), part of Reliance Capital, has increased its total assets under management (AUM) by Rs 7,000 crore in Q1FY14. The total AUM now stands over Rs 180,000 crore across MFs, PMS, EPFO, Pensions Funds and Offshore mandates. The company has registered a 21% jump in its average AUM in mutual funds to Rs 97,771 crore during Q1FY14.
Besides, the company has completed 10,000 Investor Awareness Programs, the highest in the industry, across the country till Q1FY14. The programs have been conducted in nearly 400 locations covering 1.8 lakh investors, with over 80% coverage beyond the top 15 cities. RCAM added over 1,000 distributors in its network to 41,500 distributors in Q1FY14, as compared to 40,500 during the same quarter last fiscal year.
RCAM is part of Reliance Capital, one of India’s largest financial services companies with over 20 million customers. RCAM is the only AMC in India to have been chosen to manage both public funds sponsored by the Indian government - the Provident Fund and Pension Fund.
