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A part of Reliance Capital, Reliance Mutual Fund has crossed Rs 2 lakh crore in assets under management and expects big gains from demonetisation.
Reliance Nippon Life Asset Management with this manages over Rs 3.3 lakh crore in total AUM and retains its position as the largest asset manager in the country.
Reliance Mutual Fund (RMF) has been the third fund house that has crossed the 2 lakh crore AUM mark after HDFC and ICICI MF.
