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Reliance Capital Appoints Chief Investment Strategist

(RTTNews) - Reliance Capital Ltd., or RCL, a part of Reliance Anil Dhirubhai Ambani Group, announced the appointment of Madhusudan Kela, presently Head of Equities, Reliance Mutual Fund, as Chief Investment Strategist.

He will play a crucial role in expanding the assets of the company, mentoring portfolio managers across the RCL group, and providing strategic inputs and guidance on investments across the Reliance Capital group companies, within the scope of the existing regulatory framework.

RCL group companies mange substantial equity assets of over Rs.50,000 crore, spread across various business, including life insurance, mutual fund, private equity, venture capital, offshore funds, portfolio management services, and wealth management.

In a related move, Reliance Mutual Fund (RMF), the country's largest fund house, announced the elevation of Sunil Singhania, current Deputy Head of Equities, as the Head of Equities in RMF.

In line with the philosophy of career advancement and development, three senior research analysts??”Samir Rachh, Viral Berawala and Shrey Loonker??”were also elevated as Assistant Fund Managers, to further broad base RMF's existing equity fund management team, the company said.

As on March 31 this year, Reliance Anil Dhirubhai Ambani Group has a market capitalization of over Rs.1,25,000 crore ($28 billion), total assets of over Rs.1,74,000 crore ($39 billion and net worth in excess of Rs.83,000 crore (19 billion).

At the BSE, Reliance Capital shares are currently trading at Rs.768.80, up by 0.52% from the previous close.