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Home / Our Schemes / Equity/Growth Schemes Print
(An open-ended Diversified Equity Scheme.) The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio predominantly of equity & equity related instruments with investments generally in S & P CNX Nifty stocks and the secondary objective is to generate consistent returns by investing in debt and money market securities.
Latest NAVs

SchemeCurrent NAVNav Date
Institutional Bonus Plan12.564930 Jul 2010
Institutional Dividend Plan12.564930 Jul 2010
Institutional Growth Plan12.564930 Jul 2010
Retail Dividend Plan12.357530 Jul 2010
Retail Growth Plan12.357530 Jul 2010
Retail Bonus Plan12.357530 Jul 2010

Performance as on 30/06/2010
  Absolute CAGR
  6 months 1 yr 3 Years 5 Years Since Inception
 Reliance Equity Advantage Fund- Retail Plan - Growth 5.98 26.47 N.A. N.A. 8.38
 S&P CNX Nifty 2.77 23.80 N.A. N.A. 6.70

Past Performance may or may not be sustained in the future.
Compounded annualized returns in % of Retail Plan - Growth Option. (Inception Date:- 09/08/2007)
Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV.

Product Features

Investment Objective :
The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio predominately of equity & equity related instruments with investments generally in S & P CNX Nifty stocks and the secondary objective is to generate consistent returns by investing in debt and money market securities.

 
Asset Allocation

Under normal circumstances, the anticipated asset allocation would be
Instrument Indicative asset allocation
(% of total assets)		 Risk Profile
Maximum Minimum  
Equity and Equity related Instruments 100% 70% High to Medium
Debt Instruments & Money Market Instruments (including investments in securitised debt*) 30% 0% Medium to Low

Including upto 25% of the corpus In Securitized Debt. An overall limit of 100% of the portfolio value (i.e. net assets including cash) has been introduced for the purpose of equity derivatives in the scheme, however the same is the notional value and it will be seen that, the notional value of the net exposure to derivatives will not exceed the fund corpus at any point of time. Notional value shall mean value of Futures or notional value of the Options.

The above Asset Allocation Pattern is only indicative. The investment manager in line with the investment objective as may alter the above pattern for short term and on defensive consideration. The allocation between debt and equity, in line with the investment objective, will be decided based upon the prevailing market conditions, macroeconomic environment and the performance of corporate sector, the equity market and other considerations.

Fund Manager: Mr.Ashwani Kumar & Mr.Sailesh Raj Bhan

Plans Available: Retail Plan & Institutional Plan
Both Retail Plan and Institutional Plan with have Growth Plan and Dividend Plan.

 
  • Growth Plan : Growth Option & Bonus Option
  • Dividend Plan : Dividend Pay-out Option & Dividend Reinvestment Option

Benchmark Index : S&P CNX Nifty

Minimum Application Amount
Retail Plan : Rs 5000 per plan per option and in multiples of Re.1 thereafter
Institutional Plan : Rs. 5 Crore per plan per option and in multiples of Re.1 thereafter

Minimum additional purchase amount
Retail Plan : Rs. 1,000 per plan per option (plus in the multiple of Re.1 thereafter)
Institutional Plan : Rs. 1, 00,000 per plan per option(plus in the multiple of Re.1 thereafter)

Load Structure:

 
Entry Load Under both Retail and Institutional Plan NIL
In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor  
   
Exit Load Retail Plan & Institutional Plan  
If redeemed or switched out on or before completion of 1 year from the date of allotment of units. 1%
If redeemed or switched out after the completion of 1 year from the date of allotment of units. Nil

Facilities Available:

 
Systematic Investment Plan Available
Systematic Transfer Plan Available
Auto Debit and Electronic Clearing Service Available
Systematic Withdrawal Plan Available
Dividend Transfer Plan Available
Recurring Investment Plan for Corporate Employees Available
Trigger Facility Available
Online Transaction Available
Redemption by means of ATM cum Debit Card Available
Reliance SIP Insure Available

Please refer Scheme Information Document for details.

Applicable NAV :
Subscriptions/Purchases including switch - ins: In respect of valid applications received upto 3 p.m. by the Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable.
In respect of valid applications received after 3 p.m. by the Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.
Redemptions including switch - outs: In respect of valid applications received upto 3 p.m. by the Mutual Fund, closing NAV of the day of receipt of application, shall be applicable.
In respect of valid applications received after 3 p.m. by the Mutual Fund, the closing NAV of the next business day shall be applicable.

Disclaimer :
Sponsor: Reliance Capital Limited. Trustee: Reliance Capital Trustee Co. Limited. Investment Manager: Reliance Capital Asset Management Limited. Statutory Details: The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act 1956.

Risk Factors :
Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the capital markets. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of the future performance of the Scheme. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond their initial contribution of Rs.1 lakh towards the setting up of the Mutual Fund and such other accretions and additions to the corpus. Reliance Equity Advantage Fund is the name of the Scheme and does not in any manner indicate either the quality of the Scheme; its future prospects or returns. The NAV of the Scheme may be affected, interalia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. All dividend distributions are subject to the availability of distributable surplus in the Scheme. Please read the Statement of Additional Information and Scheme Information Document carefully before investing.

 
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