Mumbai, Sept. 26 (pti) Anil Ambani group firm Reliance Mutual Fund today entered into a strategic partnership with the world’s third-largest risk management service provider, msci Barra.

Reliance Mutual Fund is the largest fund house in the country in terms of assets under management. It aims to offer risk management services for investments in equity, fixed income and derivatives in all its funds through this tieup.

“In an emerging capital market such as India, there are many unique factors that influence return and risk of securities. Msci Barra offers us with a powerful multi-factor tool which describes the Indian markets better,” president Vikrant Gugnani said.

“This tool helps us perform better portfolio analytics and risk management and enhances our investment decision capabilities,” he added. Msci Barra’s models and analytics are global industry standard benchmarks for risk and performance reporting.

The partnership will give Reliance Mutual Fund access to the msci emerging markets module that includes msci India index — the common benchmark used by non-Indian investors looking to allocate money in Indian equities.

Reliance Mutual Fund has the largest corpus of over Rs 67,597 crore for 40 lakh investors, according to the latest data by the Association of Mutual Funds in India.