Reliance MF (Mutual Fund) has overtaken HDFC MF to become the India's most profitable mutual fund company.
For the last financial year 2010-11, PAT (Profit After Tax) of Reliance MF stood at Rs, 261 Crore, While that of HDFC MF was Rs. 242 Crore. On this period Reliance AMC’s ( Asset Management Company) PAT rose by as much as 34% the fiscal 2010- 11, whereas HDFC MF's profit increased by about 16% only. This is AMFI’s (Association of Mutual Funds in India) data.
The Net Profit of other MF’s was,
Franklin Templeton - Rs 97 crore (for fiscal year ended September 2010).
Birla Sun Life AMC - Rs 85 crore,
SBI AMC - Rs 79 crore
ICICI Prudential AMC - RS 72 crore
DSP AMC - Rs. 47 crore,
Tata AMC - Rs. 17 crore
Kotak AMC - Rs 11 crore).
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Largest Mutual fund house in India: HDFC overtakes Reliance
For the last financial year 2010-11, PAT (Profit After Tax) of Reliance MF stood at Rs, 261 Crore, While that of HDFC MF was Rs. 242 Crore. On this period Reliance AMC’s ( Asset Management Company) PAT rose by as much as 34% the fiscal 2010- 11, whereas HDFC MF's profit increased by about 16% only. This is AMFI’s (Association of Mutual Funds in India) data.
The Net Profit of other MF’s was,
Franklin Templeton - Rs 97 crore (for fiscal year ended September 2010).
Birla Sun Life AMC - Rs 85 crore,
SBI AMC - Rs 79 crore
ICICI Prudential AMC - RS 72 crore
DSP AMC - Rs. 47 crore,
Tata AMC - Rs. 17 crore
Kotak AMC - Rs 11 crore).
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Largest Mutual fund house in India: HDFC overtakes Reliance
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