Reliance Capital Asset Management (RCAM), a part of Reliance Capital has decided to voluntarily disclose total investments made by Group companies in its total mutual fund Average Assets Under Management (AAUM). The Company, in addition to disclosing its total mutual fund Assets Under Management (AUM) and AAUM, will also be giving total investments made by Group companies in its mutual fund AAUM.
RCAM will be the first AMC to make such separate disclosures in public domain of total investments by group companies in its mutual funds. As of December 31, 2013, the investment of Group Companies stood at Rs 3,274 crore ($ 528 million) and accounted for 3.2 per cent of the total mutual fund AAUM of Rs 1,02,487 crore ($ 16.5 billion). The disclosure would be made on a quarterly basis, in line with the frequency of disclosures mandated for all AMCs.
Investments from Group Companies will include investments made by Reliance Capital Limited ( Sponsor & holding company); Reliance Group Affiliate Companies, subsidiaries and businesses including Insurance, Securities, Power, Infrastructure and Communications & Media etc.
