Mutual fund is combined investment scheme in which many investors invest their money in investment securities (stocks, bonds, short-term money market instruments, other mutual funds, other securities, and/or commodities such as precious metals). www.reliancemutual.com is the official website of the Reliance Mutual Fund. Anil Dhirubhai Ambani (ADAG) group promotes Reliance mutual fund, is one of the fastest growing mutual funds in India having doubled its assets over the last one year. Reliance Anil Dhirubhai Ambani Group holds India’s top 3 private sector business houses, with a market capitalization of US$ 81 billion and net assets of US$ 29 billion.
Reliance Mutual Fund (RMF) is India’s leading Mutual Funds, holding Average Assets of Rs. 1, 10,413 Crores under Management (AAUM) and an investor count of over 74.75 Lakh folios. By overtaking Prudential ICICI which has been holding 1st position for many years, the Reliance mutual fund emerged as the largest private sector fund house in the country in March, 2006.To meet varying investor requirements, RMF offers a well-rounded portfolio of products. To increase value of investors, Reliance Mutual Fund launches innovative products and customer service initiatives. “Reliance Mutual Fund schemes are managed by Reliance Capital Asset Management Limited., a subsidiary of Reliance Capital Limited, which holds 93.37% of the paid-up capital of RCAM, the balance paid up capital being held by minority shareholders.”
Reliance contains five schemes in Mutual Funds i.e. Equity/Growth Schemes, Debt/Income Schemes, Sector Specific Schemes, Exchange Traded Funds (ETFs), and Fixed Maturity Plans (FMPs). In Equity/Growth Schemes, they provide capital appreciation over the medium to long- term. Normally, Investors of these schemes invest the major part of their corpus in equities. Such funds have relatively high risks. Different options to the investors like dividend option, capital appreciation, etc. are provided by these schemes and the investors may select an option depending on their preferences. The investors have to specify the option in the application form. You can also change the option according to your wish. It is beneficial for those people who are looking for long-term outlook seeking appreciation over a period of time.
Debt/Income Schemes gives you regular and steady income. Normally, in this scheme investors can invest their money in fixed income securities such as bonds, corporate debentures, Government securities and money market instruments. Such funds are less risky compared to equity schemes. Due to change in interest rates in the country, the NAVs (Net Asset Value) of such funds are affected. In the short run, if the interest rates fall, NAVs of such funds are likely to increase and vice versa. Sector Specific Schemes are those funds/schemes which invest in the securities of only those sectors or industries as specified in the offer documents for e.g. Pharmaceuticals, Software, Fast Moving Consumer Goods (FMCG), Petroleum stocks, etc. The incomes in these funds are reliant on the performance of the respective sectors/industries. These are funds are more risky than diversified funds, although they give high returns.
Exchange Traded Funds (ETFs) operates mutual fund schemes by tracking a benchmark index and reflect the performance of that index. It has flexibility of trading like a share on the stock exchange; therefore ETFs are listed on the stock exchange. You can also used ETFs like a security that tracks an index, a commodity or a basket of assets like an index fund. Mutual funds offer debt oriented investment schemes with a pre-specified tenure which is known as Fixed Maturity Plans (FMPs). The main objective of a FMP is to create income as aiming to protect the capital by investing in a portfolio of debt and money market securities. Depending upon the investment horizon and the requirement of cash flows, one can invest their money in any of the relevant plans as FMPs are available with several maturity options.
Reliance Mutual Fund is registered with SEBI (Securities and Exchange Board of India) and therefore the entire income from the Mutual Fund is exempt as per the provisions of Section 10(23D) of the Income Tax Act, 1961. If you want to buy the Reliance Mutual fund, for that you have to enclose a demand draft or local cheque payable at par at the place where you are submitting the application. OR if you want to invest online, for that you have to enter user ID and password then click on ‘submit’ option. If the application is received before 3 p.m., the closing NAV of the day on which the application is received would be valid. In case the application is received after 3 p.m., the closing NAV of the next business day would be valid.
For Purchase, Redeem, Switch units or any other transaction of Reliance Mutual Fund schemes online, Reliance provides online service for their investors called Transact Online. You can see Account Details, Transaction Details and Statement of Account online. Features like My Portfolio, Transact Online and Manage My Account are provided by Mutual Fund. In My Portfolio an investor can track his portfolio with RMF, view the Portfolio Snapshot and Asset class wise summary of his Investments, Account Information, Request for Statement of Account, Personal details, track his Pin Dispatch, generate Capital Gain Statement and STT Letter. In Manage My Account option, investors can manage their account by entering Username and Transaction PIN for the Folio. You can also change your password, Change Pin and Regenerate Pin, if the earlier Pin is forgotten or lost.
With Transact Online Account, you can make transactions online for New Purchases, Additional Purchases, Redemption, Switch, etc., Dividend Transfer Plan, Subscribe for E statements, Check the balance of Units in a Folio, Modify your Personal Details Register for E-statement, Register Mobile number for SMS alerts, Registration / Cancellation of STPs & SWPs, apply online for Reliance Any Time Money Card, Track your Transactions, etc. You can make a request for account statement, by entering folio number in the given box.
Some of the Reliance Mutual Fund Plans are as follows:
- Reliance Growth Fund: An open-ended Equity Growth Scheme
- Reliance Banking Fund: An open-ended banking sector Scheme
- Reliance Pharma Fund: An open-ended Pharma sector Scheme
- Reliance NRI Equity Fund: An open-ended Diversified Equity Scheme
- Reliance Equity Opportunities Fund: An open-ended Diversified Equity Scheme
- Reliance Tax Saver Fund: An open-ended Equity Linked Savings Scheme
- Reliance Equity Fund: An open-ended Diversified Equity Scheme
- Reliance Long Term Equity Fund: A close-ended Diversified Equity Scheme
- Reliance Natural Resources Fund: An open-ended Equity Scheme
- Reliance Equity Linked Saving Fund: A 10 year close-ended Equity Linked Savings Scheme
- Reliance Vision Fund: An open-ended Equity Growth Scheme
- Reliance Equity Advantage Fund: An open-ended Diversified Equity Scheme
- Reliance Index Fund: An open-ended Index Linked Scheme
- Reliance Diversified Power Sector Fund: An open-ended Power sector Scheme
- Reliance Media and Entertainment Fund: An open-ended Media and Entertainment Sector Scheme
- Reliance Regular Saving Fund: An open-ended Scheme
For more information, visit www.reliancemutual.com.