| Performance as on 30/06/2010 |
| |
Absolute |
CAGR |
| |
6 months |
1 year |
3 Years |
5 Years |
Since Inception |
| Reliance Long Term Equity Fund- Growth |
12.62 |
42.17 |
10.59 |
N.A |
12.07 |
| BSE 200 |
3.64 |
27.22 |
7.58 |
N.A |
9.11 |
Past Performance may or may not be sustained in the future.
Compounded annualized returns of Growth Option. (Inception Date:27/12/2006)
Calculations assume that all payouts during the period have been reinvested in the units of the
scheme at the then prevailing NAV.
PRODUCT POSITIONING
The scheme is targeted towards investors having a long-term investment horizon of around 3 years to 5 years. Unlike other equity schemes of Reliance Mutual Fund, this fund will predominantly concentrate on opportunities in small and mid cap space.
Product Features
Type : An open ended Diversified Equity Scheme
Investment Objective :
The primary investment objective of the scheme is to seek to generate long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and Derivatives and the secondary objective is to generate consistent returns by investing in debt and money market securities.
Asset Allocation/Investment pattern
Under normal circumstances, the anticipated asset allocation would be
| Instruments |
Indicative asset
allocation |
Risk Profile |
| Equity and Equity related Securities |
70% to 100% |
Medium to High |
Debt and Money market securities (including investments in
securitised debt) |
0% to 30% |
Low to Medium |
An overall limit of 100% of the portfolio value has been introduced for the purpose of equity derivatives in the scheme.
Options Available :
Reliance Long Term Equity Fund has a Growth Plan and a Dividend Plan. The Growth Plan has a Growth Option. The Dividend Plan has a
Dividend Payout Option and Dividend Reinvestment Option.
(i) Growth Option
(i) Dividend Payout Option
(ii) Dividend Reinvestment Option
Benchmark Index : BSE - 200
Application Amount : Rs 5000 and in multiples of Re. 1 thereafter
Liquidity
The Scheme will offer for Sale/Switch-in and Redemption / Switch-out of Units at NAV based prices on every Business Day on an ongoing basis.
As per SEBI Regulations, the Mutual Fund shall despatch Redemption proceeds within 10 Working Days of receiving a valid Redemption request. A penal interest of 15% per annum or such other rate as may be prescribed by SEBI from time to time, will be paid in case the Redemption proceeds are not made within 10 Working Days of the date of receipt of a valid Redemption request. However, under normal circumstances, the Mutual Fund will endeavor to despatch the Redemption cheque within 3 - 4 Working Days from the receipt of a valid Redemption request.
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.
Load Structure : No Entry Load for Direct Investments w.e.f January 4th, 2008
Entry Load : Nil
In accordance with the requirements specified by the SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load will be charged for purchase / additional purchase / switch-in accepted by RMF with effect from August 01, 2009. Similarly, no entry load will be charged with respect to applications for registrations under Systematic Investment Plans / Systematic Transfer Plans (including Reliance SIP Insure, Salary AddVantage, Recurring Investment Plan for Corporate Employees and Dividend Transfer Plan) accepted by RMF with effect from August 01, 2009.
The upfront commission on investment made by the investor, if any, will be paid to the ARN Holder (AMFI registered Distributor) directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder. Exit Load : Nil
With effect from August 01, 2009, exit load/ CDSC (if any) up to 1% of the redemption value charged to the unit holder by RMF on redemption of units will be retained by each of the schemes in a separate account and will be utilized for payment of commissions to the ARN Holder and to meet other marketing and selling expenses.
Any amount in excess of 1% of the redemption value charged to the unit holder as exit load/ CDSC will be credited to the respective scheme immediately. Pursuant to SEBI circular No. SEBI/IMD/CIR No. 14/120784/08 dated March 18, 2008, with effect from April 1, 2008, no entry load or exit load shall be charged in respect of bonus units and of units allotted on reinvestment of dividend.
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. Reliance Long Term Equity 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 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. 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 Scheme Information Document and Statement of Additional Information carefully before investing.
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