About Reliance Capital Asset Management Limited.
Reliance Capital Asset Management Limited (RCAM) is an unlisted Public Limited Company incorporated under the Companies Act, 1956 on February 24, 1995, having its registered office at
'H' Block,1st Floor, Dhirubhai Ambani Knowledge City,
Koparkhairne, Navi Mumbai - 400 710 Maharashtra
and its Corporate Office at
One Indiabulls Centre, Tower 1, 11-12 Floors, Jupiter Mills Compound,
841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013
RCAM has been appointed as the Asset Management company of Reliance Mutual Fund by the Trustees of Reliance Mutual Fund vide Investment Management Agreement (IMA) dated May 12, 1995 and executed between Reliance Capital Trustee Co. Limited and Reliance Capital Asset Management Limited and amended on August 12, 1997 and amended on August 12, 1997, January 20, 2004 and February 17, 2011 in line with SEBI (Mutual Funds) Regulations, 1996.
Pursuant to this IMA, RCAM is acting as the Investment Manager of the Mutual Fund. The net worth of the Asset Management Company based unautdited financials statements as on September 30, 2011 is Rs. 1,228.89 Crore. The Mutual Fund has launched following Schemes till date, namely:
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Reliance Growth Fund (September 1995)
Reliance Income Fund (December 1997)
Reliance Medium Term Fund (August 2000)
Reliance Fixed Term Scheme (March 2003)
Reliance Gilt Securities Fund (July 2003)
Reliance Monthly Income Plan (December 2003)
Reliance Pharma Fund ( May 2004)
Reliance Media & Entertainment Fund (September 2004)
Reliance NRI Income Fund (October 2004)
Reliance Equity Opportunities Fund (February 2005)
Reliance Fixed Maturity Fund – Series II (April 2005)
Reliance Liquidity Fund (June 2005)
Reliance Fixed Tenor Fund (November 2005)
Reliance Fixed Horizon Fund I (August 2006)
Reliance Fixed Horizon Fund III (March 2007)
Reliance Interval Fund (March 2007)
Reliance Equity Advantage Fund (June 2007)
Reliance Fixed Horizon Fund V (September 2007)
Reliance Equity Linked Saving Fund - Series I (December 2007)
Reliance Natural Resources Fund (January 2008)
Reliance Fixed Horizon Fund VIII (March 2008)
Reliance Banking Exchange Traded Fund (May 2008)
Reliance Fixed Horizon Fund XI (October 2008)
Reliance Fixed Horizon Fund X (August 2008)
Reliance Fixed Horizon Fund XII (November 2008)
Reliance Infrastructure Fund (June 2009)
Reliance Fixed Horizon Fund XIII (September 2009)
Reliance Fixed Horizon Fund XIV (Februrary 2010)
Reliance Fixed Horizon Fund XV (April 2010)
Reliance Small Cap Fund(September 2010)
Reliance Index Fund - Nifty Plan (October 2010)
Reliance Index Fund - Sensex Plan (October 2010)
Reliance Arbitrage Advantage Fund (October 2010)
Reliance Dual Advantage Fixed Tenure Fund (May 2010) |
Reliance Vision Fund (September 1995)
Reliance Liquid Fund (March 1998)
Reliance Short Term Fund (December 2002)
Reliance Banking Fund (May 2003)
Reliance Diversified Power Sector Fund (March 2004)
Reliance Floating Rate Fund (August 2004)
Reliance NRI Equity Fund (October 2004)
Reliance Index Fund (February 2005)*
Reliance Fixed Maturity Fund – Series I (March 2005)
Reliance Regular Savings Fund (May 2005)
Reliance Tax Saver (ELSS) Fund (July 2005)
Reliance Equity Fund (February 2006)
Reliance Fixed Horizon Fund (April 2006)
Reliance Fixed Horizon Fund II ( November 2006)
Reliance Long Term Equity Fund (November 2006)
Reliance Money Manager Fund (March 2007)
Reliance Fixed Horizon Fund IV (August 2007)
Reliance Gold Exchange Traded Fund (October 2007)
Reliance Fixed Horizon Fund VI (December 2007)
Reliance Fixed Horizon Fund VII (January 2008)
Reliance Fixed Horizon Fund IX (March 2008)
Reliance Fixed Horizon Fund XVI (September 2010)
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Other Activities of RCAM
RCAM is also registered as a Portfolio Manager vide SEBI Registration Number PM/INP000000423 and renewed with effect from August1, 2009.
The AMC is also rendering advisory services in respect of ‘Emergent India Investment Limited’, an offshore fund for investment in India.
Subsidiary of RCAM - Indian
RCAM - has also incorporated a wholly owned subsidiary in India named Reliance Capital Pension Fund Limited for managing the funds of New Pension System introduced by Pension Fund Regulatory and Development Authority
Subsidiary of RCAM - Foreign
(1) Singapore, viz., Reliance Asset Management (Singapore) Pte. Ltd
(2) Mauritius, viz., Reliance Asset Management (Mauritius) Limited
(3) United Kingdom viz., Reliance Asset Management (UK) Limited
(4) Malaysia, viz Reliance Asset Management (Malaysia) Sdn. Bhd
RCAM has ensured that key personnel of the AMC, the systems, back office, bank and securities accounts are segregated activity wise and there exists systems to prohibit access to inside information of various activities. As per SEBI Regulations, it will further ensure that AMC meets the capital adequacy requirements, if any, separately for each such activity.
However, there is no conflict of interest between various business activities carried on by RCAM.
The details of Directors of RCAM are as under:
| Name and Address |
Other Directorships |
Mr. Soumen Ghosh *
Kalpataru Horizon, Flat No. 264,
Tower A, S.K. Ahire Marg,
Worli, Mumbai – 400 025
B.Sc (Hons) Mechanical Engineering from University of London.
ACA – Institute of Chartered
Accountants England & Wales |
Reliance General Insurance Co. Ltd
Reliance Life Insurance Company Limited
Reliance Asset Management (Mauritius) Ltd
Reliance Home Finance Pvt Ltd
Reliance Capital (Singapore) Pte Ltd
Reliance Capital Pension Fund Ltd.
Reliance Exchangenext Pvt. Ltd.
Reliance Securities Limited |
Mr. Kanu Doshi
102, Shivala, Khatau Road,
Cuffe Parade, Mumbai - 400 005.
Chartered Accountant |
Chairman :
Matrix Advisors (India) Private Ltd.
Director :
Motilal Oswal Asset Management Limited
Peoples Financial Services Ltd.
Dalton Capital Advisors (India) Private Ltd.
Edelweiss Asset Management Ltd.
Gartner India Research & Advisory Services Pvt Ltd. |
Mr. Manu Chadha *
C-35, Malcha Marg,
Chankyapuri,
New Delhi - 110 021.
Chartered Accountant |
Director :
TRC Corporate Consulting (P) Ltd.
GIC Housing Finance Ltd.
M/s TRC Securities Pvt Ltd.
Reliance Asset Management (Singapore) Pte Ltd.
Genesis Capital Catalyst Advisors Private Limited
Reliance Securities Ltd
Gartner India Research & Advisory Services Pvt Ltd.
Partner : M/s T.R.Chadha & Co.,
Chartered Accountants |
Mr. Sushil C. Tripathi, I. A. S. (Retd.)
27, Sector 15A,
NOIDA - 201 301(UP)
(Former Secretary to Government of India,
Ministry of Petroleum & Natural Gas /
Ministry of Education) |
Director :
IL&FS Infrastructure Development
Corporation Ltd.
Indusind Bank Ltd.
ILFS Energy Development Corporation Ltd
Kailash Healthcare Ltd
Gammon Infrastructure Projects Ltd.
Shipping Corporation of India Ltd
Samvardhana Motherson Finance Limited
The State Trading Corporation of India Limited |