“Reliance separated the financial business from the core business so that they could raise more capital in it as debt without hurting the debt equity ratio of the core business. It also becomes the holding company for all their financial practices if they want to get into broking, asset management, any of the other insurance plays and so on.”
Looking for top-performing equity mutual funds? Here are the best performers across categories in the last 1 year
Returns from mutual fund schemes over the past year show a wide gap between the best- and worst-performing funds across categories, underscoring the importance of