New Delhi: Two domestic mutual fund schemes – Reliance Growth and Reliance Vision – managed by Reliance MF have emerged as the two top performing funds globally on a five-year basis, the data available with international fund intelligence agency Lipper shows.
According to Lipper, Reliance Growth and Reliance Vision topped the list of 20 best performers from a global universe of open-ended equity funds based on their five-year performance till October 31.
Reliance Growth Fund has given compounded returns of 71.39 per cent per annum, while Reliance Vision Fund has given return of 68.16 per cent over the past five years in the US dollar currency, the Lipper data shows.
The two schemes have also emerged as the top performers among all the domestic open-ended equity schemes based on their five-year performance as on Wednesday, data available with Association of Mutual Funds in India (AMFI) reveals.
Reliance Growth tops the chart with a return of 69.01 per cent as on November 15, followed by Reliance Vision at the second position with a five-year return of 66.03 per cent.
Magnum Contra, managed by SBI Mutual Fund, is at third position with five-year return of 60.83 per cent, followed by Franklin India Prima and Magnum Taxgain with returns of 60.83 per cent and 59.85 per cent, respectively.
Birla Sun Life MIP (Monthly Income Plan) tops the list of open-ended debt schemes with five-year returns of 12.15 per cent, followed by FT India MIP at the second position with a return of 12.11 per cent.
Reliance Mutual Fund, which is owned by Anil Dhirubhai Ambani Group company Reliance Capital, manages Rs 31,572 crore with over 2.3 million investors as on October 31.
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