Reliance Mutual Fund (MF) has been awarded the ``India Equity Fund House`` for the year 2008 by Morningstar India. The award has been given for delivering sustained performance on a risk-adjusted basis across their fund line-ups in the equity category for period ending December 31, 2008.
The award is based on the three year Morningstar Ratings assigned to each of the equity schemes offered by the fund house. Reliance MF has received the award from 28 fund houses considered for the award exercise.
Reliance Growth Fund has also been awarded the Morningstar Fund Award (India) in the ``India Open Ended Small/Mid Cap`` from among 38 schemes in the category for its three-year performance ending December 31, 2008.
The methodology used by Morningstar India eliminates schemes based on fund size, below-median calendar year returns, and gives score on the basis of returns in one-year and three-year periods and risk for a three-year period. The methodology also includes various qualitative measures like the investment management team, processes among others.
Reliance Monthly Income Plan has been awarded the Morningstar Fund Award (India) in the ``India Open Ended Conservative Allocation`` category for its three-year performance ending December 31, 2008 from 24 schemes.
The award is based on the three year Morningstar Ratings assigned to each of the equity schemes offered by the fund house. Reliance MF has received the award from 28 fund houses considered for the award exercise.
Reliance Growth Fund has also been awarded the Morningstar Fund Award (India) in the ``India Open Ended Small/Mid Cap`` from among 38 schemes in the category for its three-year performance ending December 31, 2008.
The methodology used by Morningstar India eliminates schemes based on fund size, below-median calendar year returns, and gives score on the basis of returns in one-year and three-year periods and risk for a three-year period. The methodology also includes various qualitative measures like the investment management team, processes among others.
Reliance Monthly Income Plan has been awarded the Morningstar Fund Award (India) in the ``India Open Ended Conservative Allocation`` category for its three-year performance ending December 31, 2008 from 24 schemes.
