RIL invests 800cr in Anil’s Rel MF

New Delhi: Close on the heels of Rs 1,200 crore deal between Mukesh and Anil Ambani, the elder brother Mukesh-controlled Reliance Industries Ltd (RIL) has invested Rs 800 crore in various mutual funds schemes of Anil-controlled Reliance Mutual fund.      RIL has made these investments in the Fixed Maturity Plans (FMPs) and other debt schemes of Reliance Mutual Fund. Since the division of the group in 2005, RIL was not investing in Reliance Mutual fund, despite the fact that RIL is one of the biggest investors of its surplus funds in mutual funds.      At the end of 2011-12, 2012, RIL had invested over Rs 8,700 crore in various mutual fund schemes, including FMPs, but they did not include any scheme of Reliance MF.