24 May 2014

Reliance Growth Fund`s NAV crosses Rs 600

Published on Fri May 23, 2014 at 07:03 PM

Reliance Growth Fund, an open ended equity diversified growth scheme of Reliance Mutual Fund has achieved a net asset value (NAV) of Rs 600, being the first fund in the industry to achieve this NAV level.

As on 22 May 2014, the NAV was recorded at Rs 612.52. The scheme was launched on 25 September 1995 with the primary investment objective to achieve long term growth of capital through a research based investment approach. The scheme is managed by Sunil Singhania.

Reliance Growth Fund, a mid-cap oriented fund, is primarily invested in financial, information technology, industrials and healthcare companies.

The fund has a corpus of Rs 4169.79 crore and the investors that stayed with the fund since inception have been benefited by growing their wealth over 60-times till date.