Reliance Mutual Fund in India has been awarded the best equity fund house of the country for 2008 by an international research firm Morningstar India, the domestic arm of Morningstar Inc, a global research and information provider on stocks, mutual funds.

“The objective of awards was to recognise funds that had delivered superior performance in 2008 and also had delivered strong risk-adjusted returns for investors over the long haul, relative to appropriate benchmarks,” Reliance statement quoted Morningstar as saying.
Reliance MF remained the largest fund house in the country with an assets under management of of Rs 81,62,708 crore at the end of February 2009.