Article

Reliance Mutual Fund : A name reciprocating trust in business

Topic: InvestingPublished November 6, 2017

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Ram and Shyam were childhood buddies. They had grown up together, studied in same school and college, luckily got placed in the same company. Ram was a spending freak and did not bother to save let alone investing. But, Shyam was sincere and intended to invest for unforeseen. The difference in their nature was eminent in the way both of them managed their income and expenditure. On one hand, where Shyam spent wisely and also invested some amount Reliance mutual fund’s equity-oriented scheme to accumulate corpus, on the other hand, Ram was the exact opposite. He used to lavishly spend money and by month end would be left with no money even to pay for conveyance. Shyam would always support his friend and motivate him to at least save some money if not invest for the rainy day. But, Ram always turned a deaf ear towards his advises. One fine day, Ram met with an accident on his way to office and broke his leg. But, he didn’t have enough money so as to pay the bills. Ram by now had accumulated good amount through Reliance Growth Fund - (D). He used the money to pay the bill. rnWhen Ram recovered he intended to return the amount to his friend but Shyam urged him to invest in an equity oriented scheme of Reliance mutual fund. Shyam had done a thorough market research on the background of the company and this is what he found out which he shared with his friend. Reliance mutual fund is a subsidiary of the Reliance group. Established in the year 1995 by the founder of the group Late Mr. Dhirubahi Ambani with a view to return the investment of clients multiplied manifolds. He believed that the people of India are capable of making money that no other nation can even imagine. Born to a school teacher (father), Mr. Dhirubahi Ambani had very little interest in studies and was fascinated by words like money, business, profit, etc. His interest laid the foundation of a business empire Reliance Group. Reliance group depicts the story of how a common man is capable of doing miracles. In addition to that Reliance mutual is standing erect on the basis of some rock solid principles that are followed without fail. Investor is the prime focus of the company. In an interview Mr. Anil Dhirubhai Ambani praising his father said that he was the only person to multiply wealth of the Indians to the extent which no other person was capable of doing. Making the policies that would not only create wealth but will strengthen the trust of the investors in the company. Maximizing profit is not the aim at Reliance mutual fund, client satisfaction is the target. Human resource or the staff of any organization is the vital element in the its growth. The employees ensure that the policies of the company are actually benefiting the clients. Staff bridges the gap between a company and its clients. Thus, Reliance mutual fund hones talent to provide the best customer dealing environment. Growth is an unparalleled term of mutual fund investing. Declaring the final quarter dividends, Reliance mutual fund online has been able to top the charts and provide increasing returns to its clients in almost all the schemes. In addition to this the company has been able to receive a CRISIL rating for maximum schemes making it even more reliable. Accessing a huge geographical area the company is able to maintain complete coordination among the branches numbering as high as 170 including branches in many of the rural areas. The clients have the ease of access to the branches and the environment is conversation-friendly. The investors are free to put forward their views and are required to be fully satisfied before commencing their investment. After hearing such detailed explanation Ram was awestruck by the way his friend was concerned about his money and had done a rigorous research before handing over his hard-earned money to the fund managers. At the same time, he was also guilty for not paying heed on investing in spite of the constant reminders by his friend. But, after the discussion on that very day Ram started to invest and pledged to continue the same. Reliance group shows how an ordinary man perform extraordinary tasks. A subsidiary of such a huge company Reliance mutual fund follows the same strategies. The clients and their needs are of utmost value. There are no hidden costs that would be later on deducted from the principal amount. All the charges are stated beforehand along with the terms and conditions of the scheme. Hence, we can say that putting your money through such a company is not only safe but fruitful for you.

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