The fund is an open ended equity linked savings scheme which gives dual advantage of tax savings & growth potential. It is a large cap orientation fund with a mix of minimum 50% exposure to top 100 companies
NAV as at September 30, 2013 (Rs.) 20.6457
|Performance of Tax Saver
(ELSS)Fund - Growth Plan - Growth Option as on 30/09/2013
||NAV Per Unit (Rs.)
||Scheme Returns (%)
||Benchmark Returns # (%)
||Additional Benchmark Returns # # (%)
||Current Value of Standard
Investment of Rs 10000 in the
||Additional Benchmark #
|Since inception till September
|September 28, 2012 to
September 30, 2013
|September 30, 2011 to
September 28, 2012
|September 30, 2010 to
September 30, 2011
Since Inception Date - 22/09/2005
# Benchmark: BSE 100
## Additional Benchmark: BSE SENSEX
Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Since inception returns (wherever provided) is computed on Compounded Annualized Growth Returns (CAGR) basis. For Scheme(s) which has completed more than 3 years, point to point returns for twelve month periods for last 3 years is provided basis the last day of the calendar quarter and are computed on absolute basis. In case the scheme(s) which is in existence for more than 1 year but less than 3 years, point to point returns is provided for as many period as possible, such period being counted from the last day of the calendar quarter and are computed on absolute basis. Further (wherever applicable), Returns for 7 days, 15 days and 30 days are computed on a simple annualized basis. Performance of dividend option would be Net of Dividend distribution tax, if any. Since inception returns are based on first declared NAV. Face of value of scheme is Rs. 10/- per unit. Face of Value of Reliance Money Manager Fund is Rs.1000/- per unit. Face of Value of Reliance Liquidity Fund, Reliance Liquid Fund - Treasury Plan & Reliance Liquid Fund - Cash Plan is Rs.1000/- per unit w.e.f 5th Aug 2012.Face value of R* Shares Gold Exchange Traded Fund is Rs.100 per unit. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns.
Investment Pattern : 80-100% in equity and equity related securities.
Upto 20% in Debt and Money Market Instruments.
Investment Objective : The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.
Fund Manager :Ashwani Kumar
Assistant Fund Manager :Viral Berawala
Plans Options :
- Growth Option :
- Dividend Pay-out Option & Dividend Reinvestment Option
Direct Plan (w.e.f. 01-01-2013)
- Direct Plan Growth Option :
- Direct Plan Dividend Pay-out Option & Dividend Reinvestment Option
Minimum Application Amount : The minimum amount for all category of investors is Rs. 500/- and in multiples of Rs. 500 thereafter. There is no cap on the maximum amount. However investments only upto Rs. 1 lakh by the eligible investor in the scheme will qualify for deduction under the Act.
Min. Additional Purchase Amount : Rs. 500 & in multiples of Rs. 500 thereafter.
Load StructureEntry Load*: 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: Nil
Inter-Scheme Switch : Unitholders will have the flexibility to alter the allocation of their investments among the scheme(s) offered by the Mutual Fund, in order to suit their changing investment needs, by easily switching between all the scheme(s)/plans/options of the Mutual Fund, after the statutory lock-in period of 3 Years. No load applicable for switches between the equity schemes. However, differential load shall be charged for switching from Reliance Index Fund and switching to Reliance NRI Equity Fund.
Inter Plan/Inter Option Switch : Unitholders will have the flexibility to alter the allocation of their investments among the scheme(s) offered by the Mutual Fund, in order to suit their changing investment needs, by easily switching between all the scheme (s)/plans/options of the Mutual Fund, after the statutory lock-in period of 3 Years.
Redemption Cheques Issued : Will be allowed only after the expiry of the lock in period of 3 years.
Minimum Redemption Amount : Will be allowed only after the expiry of the lock in period of 3 years.
Cut off time : 3:00 p.m. on working days as defined in the Offer Document
Regular investment option for corporate employees : Available
Trigger Facility : Value & NAV Trigger to introduce a Stop loss or a Gain Cap. Available only after the expiry of the lock in period of 3 years.
Switch Facility : Available after the statutory lock-in period of 3 Years.
Systematic Transfer Plan / Dividend Transfer Plan : Available. However, the scheme cannot become a transferor scheme before 3 year lock-in-period.
Nomination Facility : Available
Mode of Holding : Single, Joint or Anyone or Survivor
Benchmark Index : S&P BSE 100
Switching Option : Available only after the expiry of the lock in period of 3 years.
Allotment of Units : For Subscriptions received at the DISC's within the cut-off timings and considered accepted for that day, the units will be allotted on the T day. Where the T day is the transaction day, provided the application is received within the cut-off timings for the transaction day.
Applicable NAV :