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Reliance Equity Savings Fund

An open ended scheme investing in equity, arbitrage and debt

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This product is suitable for investors who are seeking*:

  • Income and Capital Appreciation over long term
  • Investment predominantly in arbitrage opportunities between cash & derivative market and in unhedged equity

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

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  • Investment Objective:
    The primary investment objective of this fund is to generate income and capital appreciation by investing in arbitrage opportunities & pure equity investments along with investments in debt securities & money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Fund PerformanceGROWTH PLAN

  • Latest NAV (16 Aug 2019)12.1192


NAV as on July 31, 2019: ` 12.2128

Performance of Reliance Equity Savings Fund as on 31/07/2019
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Reliance Equity Savings Fund -4.51 4.33 N.A 4.91
​B: NIFTY Equity Saving Index 4.95 7.98 N.A 7.53
AB: S&P BSE Sensex TRI 0.93 11.49 N.A 8.94
Value of `10000 Invested
Reliance Equity Savings Fund 9,549 11,357 N.A 12,213
B: NIFTY Equity Saving Index 10,495 12,595 N.A 13,540
AB: S&P BSE Sensex TRI
10,093 13,865 N.A 14,297
Inception Date: May 30, 2015
​​​B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
Fund Manager: Sanjay Parekh (Since May 2015) & Anju Chhajer (Since May 2015), Anand D Gupta (Since Sep 2018)​
NA stands for schemes in existence for more than 1 year but less than 3 years or 5 years or instances where benchmark data for corresponding period is not available.
​​

 

​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Sanjay Parekh

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Reliance Hybrid Bond Fund 3.1710.295.598.267.829.52
Reliance Equity Hybrid Fund -7.952.085.399.008.689.67
Reliance Retirement Fund - Wealth Creation Scheme-7.63-5.286.128.63N.A.N.A.
Reliance Retirement Fund - Income Generation Scheme13.4110.146.928.32N.A.N.A.

​​Note​:

a.Mr. Sanjay Parekh manages 5 open-ended schemes of Reliance Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Mr. Sanjay Parekh has been managing Reliance Hybrid Bond Fund since Apr 2012, Reliance Reliance Equity Hybrid Fund since Apr 2012, Reliance Retirement Fund - Wealth Creation Scheme since Feb 2015, Reliance Retirement Fund - Income Generation Scheme since Feb 2015, Reliance Equity Savings Fund since May 2015 ​

 

​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Anju Chhajer

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Top 3
Reliance Retirement Fund - Income Generation Scheme13.4110.146.928.32N.A.N.A.
Reliance US Equity Opportunites Fund12.358.3815.2714.35N.A.N.A.
Reliance Banking & PSU Debt Fund10.499.377.767.00N.A.N.A.
Bottom 3
Reliance Ultra Short Duration Fund5.718.486.007.646.678.05
Reliance Japan Equity Fund-0.10-6.016.477.42N.A.N.A.
Reliance Retirement Fund - Wealth Creation Scheme-7.63-5.286.128.63N.A.N.A.
​​​​​ ​

​​Note​:

a.Ms. Anju Chhajer manages 11 open-ended schemes of Reliance Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes,the top 3 and bottom 3 schemes managed by fund manager has been provided herein are on the basis of 1 Year CAGR returns.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

​Ms. Anju Chhajer has been managing Reliance Low Duration Fund since Oct 2009, Reliance Prime Debt Fund since Oct 2009, Reliance Ultra Short Duration Fund since Oct 2013, Reliance Liquid Fund since Oct 2013, Reliance Japan Equity Fund since Aug 2014, Reliance Retirement Fund - Wealth Creation Scheme since Feb 2015, Reliance Retirement Fund - Income Generation Scheme sinceFeb 2015, Reliance Banking & PSU Debt Fund since May 2015, Reliance Equity Savings Fund since May 2015, Reliance US Equity Opportunities Fund since Jul 2015,Reliance Overnight Fund since Dec 2018

​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Anand Gupta

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Reliance Arbitrage Fund6.696.806.415.426.796.17

​​Note​:

a.Mr. Anand Gupta manages 2 open-ended schemes of Reliance Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Mr. Anand Gupta has been managing Reliance Arbitrage Fund since Sept 2018, Reliance Equity Savings Fund since Sept 2018 ​

 

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other Investment. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of dividend option would be Net of Dividend distribution tax, if any. Face value of scheme is `10/- per unit. Face Value of Reliance Low Duration Fund is `1000/- per unit. Face Value of Reliance Money Market Fund, Reliance Liquid Fund, Reliance Ultra Short Duration Fund is `1000/- per unit w.e.f 5th Aug 2012. Face value of Reliance ETF Junior BeES is `1.25/- per unit. Face value of Reliance ETF Liquid BeES is `1000/- per unit. Face value of Reliance ETF Gold BeES is `100/- per unit. Face value of Reliance Overnight Fund is `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. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended schemes are not provided since these are not comparable with other schemes.​​​Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

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Fund Details

  • Inception Date30 May 2015
  • Fund ManagerMs. Anju Chhajer | Mr. Anand Gupta | Mr. Sanjay Parekh
Current Investment Philosophy
    • Reliance Equity Savings Fund seeks to invest in combination of Active Equities, Arbitrage Opportunities and Fixed Income securities.
    • The fund endeavors to capture the Equity growth potential along with moderate volatility & regular income through investment in arbitrage opportunities and fixed income securities.
    • The fund attempts to provide higher growth potential than debt funds due to moderate equity exposure and relatively lower volatility than equity funds through allocation to fixed income instruments & arbitrage opportunities.
Minimum Investment
5000.00

    and in multiples of Re. 1 thereafter

Load Details

Entry Load*:

Not Applicable

*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**:

10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load, Redemption of units would be done on First in First out Basis (FIFO):

1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units.

Nil, thereafter.

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Income and Capital Appreciation over long term
  • Investment predominantly in arbitrage opportunities between cash & derivative market and in unhedged equity

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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Details as on Jul 31 , 2019

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