ADAG-promoted Reliance Capital was ranked the topmost retirement fund manager overall by the EPFO for providing good returns and investing money in quality assets on the other hand the state-owned SBI finished at the bottom.
HSBC AMC and ICICI Pru AMC have been ranked second and third respectively for their performance during the nine-month period ending December 2009.
On the basis of maturity profile, Reliance Capital AMC continues to perform the best on the said parameter followed by ICICI Pru AMC, HSBC AMC and SBI in that order. On Asset quality profile, ICICI Pru AMC is ahead followed by Reliance Capital, HSBC AMC and SBI.
The analysis placed before EPFO's key advisory body, Finance and Investment Committee, last week, pointed out that HSBC AMC churned out the highest yield (return) of 8.43 per cent followed closely by Reliance Capital at 8.41 per cent.
However, among all fund managers appointed in July, 2008, ICICI Pru has been ranked first on overall basis for managing fund since September 17, 2008 till December 31, 2009 followed by HSBC AMC, Reliance Capital followed by the SBI.
