Reliance Growth, Reliance Vision top global list

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Reliance Growth and Reliance Vision, two equity funds managed by Reliance Mutual Fund, have been ranked as the top two funds globally, based on their five year performance track record.

The ranking is as per data from the internationally acclaimed Lipper, which benchmarked the top 20 performers from a global universe of open-ended equity funds. The base date for the performance calculation was taken till October 31, 2006 and the data was evaluated on USD.

Based on Lipper's data, Reliance Growth Fund- Growth Plan - has given compounded returns of 71.39% per annum, while Reliance Vision Fund has given compounded returns of 68.16%, on a five year performance, making them the top two performing funds across the globe.

Reliance Mutual Fund manages Rs. 31,572 crore (approx USD 7 billion) and presently has 2.3 million investors (Oct 31, 2006).

Reliance Mutual Fund is owned by Reliance Capital Ltd.,part of the Reliance Anil Dhirubhai Ambani Group.