Reliance Mutual Fund - ICICI Direct
September 2019Contact your Financial Advisor Customer Care: 1860 266 0111* Visit www.reliancemutual.com*Local call charges apply.
CategoryEQUITYLarge Cap FundLarge & Mid Cap FundThematic(following a factor-based model)Balanced Advantage FundIndexMid Cap FundFocused FundSmall Cap FundValue FundMulti Cap FundAggressive Hybrid FundEquity ge FundThematic (International)FIXED INCOMEOvernight FundLiquid FundMoney Market FundUltra Short Duration FundLow Duration FundCorporate Bond FundBanking & PSU FundFloater FundShort Duration FundLong Duration FundCredit Risk FundMedium Duration FundMedium to Long Duration FundDynamic Bond FundGiltConservative Hybrid FundETFETF - EquityETF - Fixed IncomeETF - GoldFund of Fund (FOF)FOF - DomesticRETIREMENTRetirement - EquityRetirement - Fixed IncomeSIP Returns of Select SchemesFund Management TeamScheme PerformanceScheme Performance - Fund Manager WiseFunds at a GlanceDisclaimers, Statutory Details & Risk FactorsHow to Read FactsheetFund NameAbbreviationPage No.Reliance Large Cap FundReliance Vision FundReliance Quant FundReliance Balanced Advantage FundReliance Index Fund - Nifty PlanReliance Index Fund - Sensex PlanReliance Growth FundReliance Focused Equity FundReliance Small Cap FundReliance Value FundReliance Multi Cap FundReliance Equity Hybrid FundReliance Equity Savings FundReliance Banking FundReliance Power & Infra FundReliance Consumption FundReliance Pharma FundReliance Tax Saver (ELSS) FundReliance Arbitrage FundReliance Japan Equity FundReliance US Equity Opportunities 213141516171818191920212223Reliance Overnight FundReliance Liquid FundReliance Money Market FundReliance Ultra Short Duration FundReliance Low Duration FundReliance Prime Debt FundReliance Banking & PSU Debt FundReliance Floating Rate FundReliance Short Term FundReliance Nivesh Lakshya FundReliance Credit Risk FundReliance Strategic Debt FundReliance Income FundReliance Dynamic Bond FundReliance Gilt Securities FundReliance Hybrid Bond 9Reliance ETF Nifty BeESReliance ETF SensexReliance ETF NV20Reliance ETF Junior BeESReliance ETF Nifty 100Reliance ETF ConsumptionReliance ETF Dividend OpportunitiesReliance ETF Infra BeESReliance ETF Bank BeESReliance ETF PSU Bank BeESReliance ETF Shariah BeESReliance ETF Nifty Midcap 150Reliance ETF Hang Seng BeESReliance ETF Sensex Next 50CPSE ETFReliance ETF Liquid BeESReliance ETF Long Term GiltReliance ETF Gold ce Gold Savings FundReliance Junior BeES FOFRGOLDSFRJUNIORFOF5657Reliance Retirement Fund - Wealth Creation SchemeReliance Retirement Fund - Income Generation SchemeRRF-WCRRF-IG585960616270748183
Fixed Income Update and OutlookMarket UpdateAugust 2019 – Volatility remained the theme for the month as Monetary Policy Outcome, Lower Oil prices and US Treasuries (USTs) & RBI dividend paymentannouncement was negated by Fiscal slippage fears and uncertainty regarding the maiden Sovereign Bond issue Announcement which saw Indian bond yieldsrise during the month.The month started on a cautious note ahead of the scheduled August Monetary Policy meet. The Policy was a positive outcome as per the market expectations hence marketsaw some profit booking post the monetary policy announcement.The confusion regarding the maiden Sovereign Bond issuance from various ministry sources, saw bond yields remain volatile throughout the month. Also, with massive economicslowdown, market feared some fiscal sops/concessions from the government for a few ailing sectors, thus creating pressure on already tight fiscal deficit targets for the year.Thus, longer maturity bond yields remained under pressure.Despite of repeated assurance from the government sources on adhering to fiscal prudence, market continued to book profits on every fall in yields.The RBI announced record dividend payouts to the government this fiscal year, but that did not help market sentiments much and profit booking continued throughout themonth.The fall in Crude Oil prices & UST yields saw 10yr Gsecs fall to lows of 6.27% during the month.The yield curve saw Bull Steepening with 5-year Gsecs closing the month at 6.25% vs 6.30%(July) while 10-year GSecs closed the month at 6.55% vs 6.39% (July). Shortermaturity Corporate bonds yields fell in line with GSecs as expectations of Surplus Liquidity stance from RBI saw steepener trade play out during the month.Large Foreign Portfolio Investment (FPI) flows continued into Debt market post the positive policy outcome last month.With further slowdown in domestic growth & fall in Crude prices and USTs, expectations of further 25 - 40 bps rate cuts are very high in the market.Market ViewThe RBI in its previous policy has re-iterated its priority to reviving Growth as Inflation remains within its comfort range. With economic indicators clearly pointing towards aslowdown in the economy and the recent low GDP print, it further makes a case for future monetary policy easing ahead.Further, with low commodity prices (esp. Crude prices) & sharp fall in USTs, we expect a higher probability for further rate cuts (15 – 40 bps) based on the evolving macrotrends, INR Currency movement as well as commodity price movements.From a markets’ perspective, Market has priced in another rate cut in the upcoming policy. With the demand – supply situation under control, surplus Liquidity stance of RBI,lower international Crude Oil prices as well as sharp fall in Global bond yields, we see robust demand in fixed income assets going ahead.The overall investors as well traders positioning in markets is now moderately heavy. The underlying term premia (10yr G-Sec yields – Repo Rate) in bond market have reducedsharply in anticipation of rate cuts. We expect the supply of G-Secs / State Development Loans (SDLs) & Corporate bonds may be at record high for Financial Year 2020. Withabsence of aggressive Open Market Operations (OMOs) next year, we expect shorter maturity G-Secs and AAA PSUs / Privates to outperform. We remain cautious on longermaturity corporate bonds and GSecs.Our base case remains of a 15 - 40 bps rate cut followed by a prolonged pause in interest rate this Financial Year. Carry with a neutral duration construct could be a suitableportfolio strategy in near to medium term. We will focus on Steepener Spread play in terms of Core portfolio construct.On the yield curve, the 3 - 7 yr G-sec rates & 2 - 3 yr AAA corporate bond rates are still reasonably priced. There may be significant protection build up in the current prices.Thus, we would run this segment as our Core portfolio while longer duration would be tactically added to the portfolio only through G-Secs.We also expect new 10yr bond yield to remain range bound from near term (3 months) perspective as market starts pricing in a terminal Repo rate of around 5.00% anda prolonged pause on policy rate action thereafter & Durable Liquidity Support in form of OMOs / Forex (FX) Swap to take care of any major demand – supply mismatches.Common Source: Bloomberg, RBI, Centre for Monitoring Indian Economy Pvt. Ltd., RMF Internal ResearchThe views expressed herein constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Thisinformation is meant for general reading purposes only and is not meant to serve as a professional guide for the readers.FundamentalsSeptember 20193
Macro and Equity Market UpdatesGLOBAL MACRO & MARKETSGlobal market weakened in August amidst renewed concerns on trade war and global growth slowdown. Bond yields dipped further in most markets while US strengthenedagainst most currencies. Within equities, the fall was broad based across markets. Developed markets equities fared marginally better than emerging markets (EM). The S&P 500index (US) lost nearly 1.8%m/m in August. EM equities fell over 5% over the month led by China. Indian equities materially outperformed in August by declining (Sensex index) just0.4%m/m. However, INR depreciated by 4%m/m versus US on weak foreign flows and CNY depreciation led EM forex selloff. Commodities prices were weak in August. Crudeoil prices sharply fell as Brent lost 7.3%m/m in August.DOMESTIC MACRO AND MARKETIndian markets were down for the third consecutive month in August on global and domestic slowdown concerns. The broad market continued to remain under pressure as midcapand small cap declined 1.3% and 1.2%, respectively in August. Foreign Portfolio Investors (FPIs) recorded net outflows of US 2.3bn in Indian equities in August after outflows ofUS 1.9bn in July. Year till date in CY2019, the FPI flows still remained at sizeable US 7.1bn as of July end. Over the month, Energy, IT Services and Consumer Staples were keyoutperformers, while Materials, Utilities and Financials were notable laggards.RBI continue to ease ratesIn its last Monetary Policy Committee (MPC) meeting on 6th August 2019, RBI cut policy rates by an unconventional 35bps cut (vs. consensus expectations of 25bps cut). Thiswas the 4th consecutive rate cut and with that the RBI has cut repo rate by total 110 bps so far this year and has retained its stance as ‘accommodative’, suggesting the possibilityof more rate cuts. July CPI inflation at 3.15%yoy remains comfortably below the RBI’s target of 4% and is likely to remain so in the near term given the tepid growth. Weak GDPgrowth, normal monsoon, benign crude prices and lower inflation make the environment conducive for further easing. 2Higher transfer of surplus by the RBIRBI’s income more than doubled to INR1.9 tn in 2019 (period ending June 2019) led by higher domestic and foreign income and the write back of excess risk provision fromcontingency fund. This led to a surplus transfer of Rs1.76 tn to the Central government. This was INR 0.58 tn higher than what was budgeted by the Government. The extra transferwill provide comfort on Government’s fiscal target.India’s high frequency data remains weak:The weakness in demand was apparent in most data points. Few examples: PMI: India’s Manufacturing PMI declined to 51.4 in August from 52.5 in July. The decline was driven by a deterioration in domestic demand indicators, particularly new orders. Auto sales: Automobile sales remained weak in August as all manufacturers reported a YoY decline. Core sector production: Core sector growth for July came in at 2.1%yoy. Electricity, cement and steel production has exhibited strong growth. Index of Industrial Production (IIP): IIP grew in June at 2%yoy as compared to 4.6%yoy in May 2019. Credit growth: Gross bank credit grows at around 12% in July 2019 as against 11% in June. Trade deficit: Trade deficit in July came in lower at US 13.4 bn versus US 15.3 bn in June. July exports rose by 2.3%yoy whereas imports contracted by 10.4%yoy onlower oil imports. GST collection: Total GST collection grew by 4.5%yoy at INR982 bn in July versus INR1021 bn in June. Monsoon: Monsoon made significant progress in August and the overall rainfall deficiency reduced to merely 0.2% below long-term average as of August 28, 2019. GDP growth: Real GDP growth in 1QFY20 decelerated sharply to 5%yoy on the back of weakness in private consumption and investment.Chart of the month: India’s GDP deflator grew by less than 3% in 1QFY20. The underlying disinflationary conditions underscore the need for enhanced policy stimulus.Common Source: Bloomberg, RBI, Centre for Monitoring Indian Economy Pvt. Ltd., RMF Internal ResearchThe views expressed herein constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. This information is meant for generalreading purposes only and is not meant to serve as a professional guide for the readers.4September 2019Fundamentals
Reliance Large Cap FundRLCFPortfolio as on August 31, 2019Large Cap Fund% of AssetsCompany/Issuer% of AssetsDetails as on August 31, 2019Company/IssuerType of SchemeTata Motors Limited2.22Siemens Limited*2.44An open ended equity scheme predominantly investingin large cap stocksAshok Leyland Limited1.64ABB India Limited2.18TVS Motor Company Limited1.02Honeywell Automation India Limited1.82Industrial Capital GoodsAutoCurrent Investment PhilosophyReliance Large Cap Fund is a large cap fundpredominantly investing in stocks of top 100 companiesby full market capitalization. Large cap stocks endeavorto provide stability & liquidity to the portfolio. Itendeavors to generate alpha while owning best of theindex companies. It endeavors to invest in leaders orpotential leaders with established business models &sustainable free cash flows. It endeavors to invest ingrowth companies at a reasonable valuation & withhigh return on equity. It invests in emerging large capcompanies which have an established business modelwith a proven management track record and a potentialto generate high cash flows.Industrial ProductsBanksICICI Bank Limited*8.14Bharat Forge Limited2.31State Bank of India*7.18Cummins India Limited1.57HDFC Bank Limited*6.60Petroleum ProductsAxis Bank Limited*4.94Indian Oil Corporation Limited1.86Bank of Baroda*3.21Bharat Petroleum Corporation Limited1.80IndusInd Bank Limited1.36Hindustan Petroleum Corporation Limited1.05PharmaceuticalsConstruction ProjectLarsen & Toubro Limited*6.29Consumer Non DurablesITC Limited*6.032.39FinanceHDFC Life Insurance Company LimitedAugust 8, 20072.20The Indian Hotels Company Limited2.19Chalet Hotels Limited2.03Monthly Average: 11,857.09 CrMonth End: 11,819.31 CrNAV as on August 30, 2019 .62Tata Consultancy Services Limited1.53Telecom - Services2.32Equity Less Than 1% of Corpus10.240.98Grand Total100.00*Top 10 Holdings10 Note: The above measures have been calculated using monthly rolling returns for 36months period with 5.45% risk free return (FBIL Overnight MIBOR as on 30/08/2019).0.76Total Expense Ratio 1.861.06Entry Load: NilExit Load: 10% of the units allotted shall be redeemed without anyexit load, on or before completion of 12 months from the date ofallotment of units. Any redemption in excess of such limit in the first12 months from the date of allotment shall be subject to the followingexit load, Redemption of units would be done on First in First outBasis (FIFO): 1% if redeemed or switched out on or before completion of 12months from the date of allotment of units. Nil, thereafter.Special Feature: Reliance Any Time Money CardPlease refer page no. 81 for explanation on symbol: and @ wherever available3 Years3,60,0003,72,7102.316.149.781 Year1,20,0001,13,748-9.99-0.573.94Dividend HistoryRecord DateBanksRate ( / Unit)Cum DividendNAVEx-Dividend NAV31.44%Industrial Capital GoodsDividend s7.51%17-Jun-190.0915.530015.4300Construction rect - Dividend nsumer Non Durables6.35%Petroleum ProductsLoad structure5 Years6,00,0007,02,6996.328.3510.05Past performance may or may not be sustained in future. It is assumed that a SIP of 10,000 each executed on 10th of every month including the firstinstallment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out ofuniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration.B: Benchmark, AB: Additional Benchmark, TRI: Total Return IndexTRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent indexstocks, thereby showing a true picture of returns.For scheme performance refer page 62-69. For Fund manager wise scheme performance refer page 70-73.Industry AllocationVolatility MeasuresFundamentalsSince Inception14,50,00030,42,99811.6710.7311.07Total Amount Invested ( )Market Value ( )Scheme Return (%)B: S&P BSE 100 TRI Return (%)AB: S&P BSE Sensex TRI Return (%)Inception Date: August 8, 2007Fund SizeRegular/Other than DirectDirectInfosys Limited*SIP - If you invested 10000 every month in RLCFS&P BSE 100 TRIPortfolio Turnover (Times)1.48Cash and Other ReceivablesHotels, Resorts And Other Recreational ActivitiesBenchmarkStandard DeviationBetaSharpe Ratio2.41Cipla LimitedBharti Airtel LimitedGAIL (India) LimitedSailesh Raj BhanGrowth PlanDividend PlanBonus OptionInstitutional Bonus OptionDirect - Growth PlanDirect - Dividend PlanDirect - Bonus Option1.08GasFund Manager2.86Divi’s Laboratories LimitedSoftwareFerrous MetalsTata Steel LimitedDate of AllotmentSun Pharmaceutical Industries Limited*Past performance may or may not be sustained in future. Pursuant todividend payment, NAV falls to the extent of payout & statutory levy (ifapplicable). Face Value- 10.5.66%Hotels, Resorts AndOther Recreational 4.22%Industrial Products3.88%AMFI ClassificationProduct LabelThis product is suitable for investors who are seeking*: Long term capital growth Investment predominantly into equity and equity related instruments of largecap companies*Investors should consult their financial advisors if in doubt about whether theproduct is suitable for them.Investors understand that their principalwill be at Moderately High riskSeptember 20195
Reliance Vision FundRVFPortfolio as on August 31, 2019Large and Mid Cap FundDetails as on August 31, 2019Type of SchemeAn open ended equity scheme investing in both largecap and mid cap stockCurrent Investment PhilosophyReliance Vision Fund is an open ended equity schemeinvesting in both large cap and mid cap stocks. Thefund attempts to invest in high quality businesses whoare market leaders in their respective sectors, with aproven track record across market conditions.Large cap stocks endeavor to provide stability &liquidity to the portfolio and mid caps allocation canpotentially generate relatively better returns. Backed byFund Management expertise & growth orientedstrategy, the fund endeavors to generate relativelybetter risk adjusted returns over the long term.Date of AllotmentOctober 8, 1995Fund ManagerMeenakshi Dawar, Sanjay Doshi (Co-Fund Manager)Company/IssuerAutoTVS Motor Company Limited*Tata Motors LimitedAshok Leyland LimitedAuto AncillariesMRF LimitedBanksState Bank of India*ICICI Bank Limited*HDFC Bank Limited*Axis Bank LimitedBank of BarodaCanara BankThe Federal Bank LimitedConstruction ProjectLarsen & Toubro Limited*Consumer DurablesVoltas LimitedConsumer Non DurablesTata Global Beverages LimitedITC LimitedFerrous MetalsTata Steel Limited*FinanceHousing Development Finance Corporation LimitedHDFC Life Insurance Company LimitedHotels, Resorts And Other Recreational ActivitiesThe Indian Hotels Company LimitedIndustrial Capital GoodsBenchmarkMonthly Average: 2,603.83 CrMonth End: 2,606.17 CrNAV as on August 30, 2019 1.071.61% of 2.261.621.285.801.561.121.455.815.18100.00*Top 10 Holdings20 Years24,00,0001,63,34,18316.70N.A.14.3215 Years18,00,00038,18,2949.43N.A.11.9110 Note: The above measures have been calculated using monthly rolling returns for 36months period with 5.45% risk free return (FBIL Overnight MIBOR as on 30/08/2019).Banks24.11%Industrial Capital GoodsRate ( / Unit)Cum Dividend NAVEx-Dividend 544.661140.4111Dividend Plan13.49%Software8.48%6.80%Direct - Dividend PlanPetroleum Products6.49%Consumer Non Durables6.15%Regular/Other than Direct2.09PowerDirect1.55Construction ProjectEntry Load: Nil1 Year1,20,0001,13,860-9.81-6.643.94Dividend HistoryRecord DateAutoLoad structure3 Years3,60,0003,35,068-4.691.709.78For scheme performance refer page 62-69. For Fund manager wise scheme performance refer page 70-73.1.05Total Expense Ratio 5 Years6,00,0006,07,0320.466.8610.05N.A : Since TRI data is not available prior to 01/04/2005 & 19/08/1996 for Nifty Large Midcap 250 & S&P BSE Sensex respectively, performance for such period is not provided.Past performance may or may not be sustained in future. It is assumed that a SIP of 10,000 each executed on 10th of every month including the firstinstallment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out ofuniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration.B: Benchmark, AB: Additional Benchmark, TRI: Total Return IndexTRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent indexstocks, thereby showing a true picture of returns.Industry AllocationVolatility MeasuresPortfolio Turnover (Times)2.842.471.49Since Inception28,70,0003,64,16,88717.83N.A.N.A.Total Amount Invested ( )Market Value ( )Scheme Return (%)B: NIFTY Large Midcap 250 TRI Return (%)AB: S&P BSE Sensex TRI Return (%)Inception Date: October 8, 1995Fund SizeStandard DeviationBetaSharpe RatioCompany/IssuerHoneywell Automation India Limited*ABB India Limited*Siemens LimitedBharat Electronics LimitedIndustrial ProductsBharat Forge LimitedPetroleum ProductsHindustan Petroleum Corporation Limited*Bharat Petroleum Corporation LimitedReliance Industries LimitedPharmaceuticalsTorrent Pharmaceuticals LimitedAlkem Laboratories LimitedPowerNTPC LimitedTata Power Company LimitedRetailingTrent LimitedAditya Birla Fashion and Retail LimitedSoftwareInfosys Limited*Tata Consultancy Services LimitedMphasiS LimitedTelecom - ServicesBharti Airtel LimitedEquity Less Than 1% of CorpusDerivatives, Cash and Other ReceivablesGrand TotalSIP - If you invested 10000 every month in RVFNifty Large Midcap 250 TRI (w.e.f. 10 July, 2019)Growth PlanDividend PlanBonus OptionDirect - Growth PlanDirect - Dividend PlanDirect - Bonus Option% of Assets5.45%Past performance may or may not be sustained in future.Pursuant to dividend payment, NAV falls to the extent of payout &statutory levy (if applicable). Face Value- 10.3.30%Retailing2.90%Ferrous Metals2.89%AMFIClassificationExit Load: 1% if redeemed or switched out on or beforecompletion of 1 year from the date of allotment of units.Nil, thereafter.Product LabelThis product is suitable for investors who are seeking*: Long term capital growth investment in equity and equity related instruments of large cap & mid capcompanies through a research based approachSpecial Feature: Reliance Any Time Money CardPlease refer page no. 81 for explanation on symbol: and @ wherever available6September 2019*Investors should consult their financial advisors if in doubt about whether theproduct is suitable for them.Investors understand that their principalwill be at Moderately High riskFundamentals
Reliance Quant FundRQFThematic (following a factor based model)Details as on August 31, 2019Type of SchemeAn open ended equity scheme investing in quant modelthemeCurrent Investment PhilosophyActively managed fund Scientific approach Expertise Back test Reliance Quant Fund. RelianceQuant Fund is an actively managed investment fundthat approaches stock selection process based on aproprietary system-based model. The model wouldshortlist 30-35 S&P BSE 200 stocks through a screeningmechanism at pre-determined intervals, i.e. onquarterly basis. Stocks are selected on basis ofparameters like valuation, earnings, price, momentum& quality.Date of AllotmentApril 18, 2008Portfolio as on August 31, 2019Company/IssuerBanksHDFC Bank Limited*ICICI Bank Limited*Kotak Mahindra Bank Limited*City Union Bank LimitedThe Federal Bank LimitedCementShree Cement LimitedConstructionGodrej Properties LimitedConsumer DurablesBata India LimitedConsumer Non DurablesHindustan Unilever Limited*Asian Paints Limited*Nestle India Limited*Dabur India Limited*Berger Paints (I) LimitedFinanceBajaj Finserv LimitedICICI Lombard General Insurance Company LimitedHDFC Asset Management Company LimitedPower Finance Corporation Limited% of 4.172.523.913.092.442.36Company/IssuerMuthoot Finance LimitedGasGujarat State Petronet LimitedMinerals/MiningNMDC LimitedPesticidesPI Industries LimitedPharmaceuticalsDr. Reddy's Laboratories LimitedAbbott India LimitedPowerPower Grid Corporation of India Limited*Torrent Power LimitedSoftwareInfosys Limited*Tata Consultancy Services Limited*MphasiS LimitedTextile ProductsSRF LimitedTransportationInterGlobe Aviation LimitedCash and Other ReceivablesGrand Total% of 1.272.923.13100.00*Top 10 HoldingsFund ManagerSIP - If you invested 10000 every month in RQFAshutosh BhargavaArun Sundaresan [Co-Fund Manager]Total Amount Invested ( )Market Value ( )Benchmark10 Years12,00,00017,65,7045 Years6,00,0006,71,4823 Years3,60,0003,68,2941 508.0510.051.515.229.78-4.81-1.413.94Scheme Return (%)B: S&P BSE 200 TRI Return (%)AB: S&P BSE Sensex TRI Return (%)Inception Date: April 18, 2008S&P BSE 200 TRIFund SizeMonthly Average: 24.09 CrPast performance may or may not be sustained in future. It is assumed that a SIP of 10,000 each executed on 10th of every month including the firstinstallment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out ofuniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration.B: Benchmark, AB: Additional Benchmark, TRI: Total Return IndexTRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent indexstocks, thereby showing a true picture of returns.Month End: 24.22 CrNAV as on August 30, 2019Growth PlanDividend PlanBonus OptionDirect - Growth PlanDirect - Dividend PlanDirect - Bonus OptionSince Inception13,70,00022,74,010 24.184812.8934For scheme performance refer page 62-69. For Fund manager wise scheme performance refer page 70-73.24.184825.206814.5010Dividend HistoryIndustry AllocationRecord Date25.2068Consumer Non DurablesVolatility MeasuresStandard DeviationBetaSharpe Ratio3.370.830.01Note: The above measures have been calculated using monthly rolling returns for 36months period with 5.45% risk free return (FBIL Overnight MIBOR as on 30/08/2019).Portfolio Turnover irect - Dividend onRegular/Other than DirectEx-Dividend NAVSoftwarePast performance may or may not be sustained in future. Pursuant todividend payment, NAV falls to the extent of payout & statutory levy (ifapplicable). Face Value- 10.4.77%CementTotal Expense Ratio Cum Dividend NAVDividend Plan23.21%BanksRate ( / Unit)3.76%2.92%Minerals/Mining1.84%Consumer Durables1.47%AMFIClassificationLoad structureEntry Load: NilExit Load: 0.25% if redeemed or switched out on orbefore completion of 1 month from the date of allotmentof units. Nil, thereafter.Product LabelThis product is suitable for investors who are seeking*: Long term capital growth Investment in active portfolio of stocks selected on the basis of a mathematicalmodel.Special Feature: Reliance Any Time Money CardPlease refer page no. 81 for explanation on symbol: and @ wherever availableFundamentals*Investors should consult their financial advisors if in doubt about whether theproduct is suitable for them.Investors understand that their principalwill be at High riskSeptember 20197
Reliance Balanced Advantage FundPortfolio as on August 31, 2019Balanced Advantage FundDetails as on August 31, 2019Type of SchemeAn Open Ended Dynamic Asset Allocation FundCurrent Investment PhilosophyReliance Balanced Advantage Fund attempts tocapitalize on the potential upside in equity marketswhile attempting to limit the downside by dynamicallymanaging the portfolio through investment in equityand active use of debt, money market instruments andderivatives. A model based Dynamic Asset AllocationFund that aims to offer Triple Benefits of 1. EmotionFree Asset Allocation through Model Based AssetAllocation, 2. Lowers downside risk through hedgingand 3. Long Term Alpha – through Active Stockselection and Sector. The fund follows an in-houseproprietary Model (which follows Valuations & TrendFollowing) to determine unhedged equity allocation.The fund maintains a large cap oriented portfoliodiversified across sectors. Debt portfolio is managedconservatively, focused at the shorter end throughinvestment in a combination of liquid and short termfixed income securities.Date of AllotmentNovember 15, 2004Fund ManagerManish Gunwani, Ashutosh Bhargava (Co-Fund Manager)BenchmarkCRISIL Hybrid 35 65 - Aggressive IndexFund SizeMonthly Average: 2,270.03 CrMonth End: 2,313.65 CrNAV as on August 30, 2019Growth PlanDividend PlanBonus OptionDirect - Growth PlanDirect - Dividend Plan 89.170225.279589.170293.531629.9271V
ELSS Reliance Tax Saver (ELSS) Fund RTSF 20 Arbitrage Fund Reliance Arbitrage Fund RAF 21 Thematic (International) Reliance Japan Equity Fund RJEF 22 Reliance US Equity Opportunities Fund RUSEOF 23 FIXED INCOME Overnight Fund Reliance Overnight Fund ROF 24 Liquid Fund Reliance Liquid Fund RLF 25 Money Market
Sectoral Reliance Banking Fund RBF 18 Thematic Reliance Power & Infra Fund (formerly known as Reliance Diversified Power Sector Fund) RPIF 18 Thematic Reliance Consumption Fund (formerly known as Reliance Media & Entertainment Fund) RCF 19 Sectoral Reliance Pharma Fund RPF 19 ELSS Reliance Tax Saver (ELSS) Fund RTSF 20
18 Reliance Mutual Fund ELSS Schemes Reliance Tax Saver Fund 19 SBI Mutual Fund ELSS Schemes SBI Magnum Tax Gain Scheme 1993 20 Sundaram Mutual Fund ELSS Schemes Sundaram Diversified Equity 21 Tata Mutual Fund ELSS Schemes Tata India Tax Savings Fund 22 UTI Mutual Fund ELSS Schemes UT
Titanium Credit Card / ICICI Bank HPCL Coral Credit Card 199 Nil 199 Nil 50,000* ICICI Bank Platinum Chip Credit Card Nil Nil Nil Nil Nil Manchester United Signature Credit Card by ICICI Bank 2,499 Nil 2,499 100 2,50,000* Manchester United Platinum Credit Card by ICICI Bank 499 Nil 499 100 1,25,000* ICICI Bank Unifare Credit Card
performance of diversified large cap fund and sectoral fund in Reliance mutual fund. To compare the diversified large cap fund with sectoral fund in Reliance mutual fund Methodology: The methodology adopted was Non- Probabilistic method, Judgmental Sampling as only Large Cap fund and sectoral Mutual Fund schemes are selected for
Reliance Quant Plus Fund Reliance Diversified Power Sector Fund Reliance Long Term Equity Fund Reliance Media & Entertainment Fund. Other Eligible Schemes You can invest money in other eligible schemes for the purpose of short / mid / long term Primary Account
Evaluating Pakistan's Mutual Fund Performance Alam & Qadar Journal of Managerial Sciences 174 Volume X Number 1 investors to invest in mutual Fund as it is considered low risk and safer investment. Pakistan holds around 1.4 % assets of Mutual Fund of the world total Mutual fund assets (Bhatti et al, 2015). Pakistan Mutual fund
30 Mrs. X Reliance Reliance Tax Saver (ELSS) Fund Growth Direct 27,002 0.18% Diversified ELSS Very High 31 Mrs. X Kotak Kotak Flexi Debt Div. Reinvest Direct 7,55,675 5.08% Income Medium/Long Term Average 32 Mrs. X ICICI ICICI Pru Short Term Plan Div.
2.1.6 Adding NDK Hooks Using ACD Support . It is not intended as an API reference. How to Use This Manual The information presented in this document is divided into the following chapters: Chapter 1: Overview introduces the stack and developing network applications. Chapter 2: Network Application Development describes the NDK software, and how to start developing network applications .
