Reliance’s Rise

Reliance Equity Fund has claimed to have collected Rs 5,000 crore to become the most successful new fund offering of all time. The last time an equity fund had raised this kind of money was UTI Mastergain '92 which pooled in Rs 4,472 crore in 1992. According to the media, Reliance Equity's astounding success underscores the current mutual fund boom. In 2006 alone 12 funds have collected over...

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