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Reliance Hybrid Bond Fund (formerly known as Reliance Monthly Income Plan)

An open ended hybrid scheme investing predominantly in debt instruments

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This product is suitable for investors who are seeking*:

  • Regular income and capital growth over long term
  • Investment in debt & money market instruments and equities & equity related securities

*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 the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital.

Fund PerformanceGrowth Plan Growth Option

  • Latest NAV (21 May 2018)40.6530


NAV as on Apr 27, 2018: ` 40.8048

Performance of Reliance Monthly Income Plan as on 30/04/2018
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Reliance Monthly Income Plan 4.996.959.5510.31
B:CRISIL Hybrid 85+15 - Conservative Index5.638.459.218.00
AB: Crisil 10 Yr Gilt Index-1.015.745.595.14
Value of `10000 Invested
Reliance Monthly Income Plan 10,49812,22915,77340,805
B:CRISIL Hybrid 85+15 - Conservative Index10,56112,74915,52630,144
AB: Crisil 10 Yr Gilt Index9,89911,81913,12120,513
Inception Date: Dec 29, 2003
​​​B - Benchmark    |   AB - Additional Benchmark   
Fund Manager: Amit Tripathi (Since Oct 2008) & ​Sanjay Parekh (Since Apr 2012)
​​

​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Amit Tripathi

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Reliance Liquidity Fund 6.726.857.307.298.048.05
Reliance Money Manager Fund 6.486.857.637.298.228.05
Reliance Floating Rate Fund - Short Term Plan 5.556.857.197.297.848.05
Reliance Medium Term Fund 6.395.537.827.628.208.28
Reliance Equity Hybrid Fund 13.3312.3912.2411.2017.3813.50

Note:

a.Mr. Amit Tripathi manages 6 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. Amit Tripathi has been managing Reliance Liquidity Fund since Jun 2005, Reliance Money Manager Fund since Mar 2007, Reliance Floating Rate Fund since - Short Term Plan Oct 2007, Reliance Monthly Income Plan Oct 2008, Reliance Medium Term Fund since Oct 2008, Reliance Equity Hybrid Fund since - Aug 2010

​​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 Equity Hybrid Fund13.3312.3912.2411.2017.3813.50
Reliance Retirement Fund - Wealth Creation Scheme17.0316.7511.7111.80N.A.​N.A.
Reliance Retirement Fund - Income Generation Scheme3.895.636.348.45N.A.N.A.
Reliance Equity Savings Fund 8.789.48N.A.N.A.N.A.N.A.
Reliance Banking Fund 13.2814.8415.1412.5618.90​16.28
​​​​

​​Note​:

a.Mr. Sanjay Parekh manages 6 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).

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.

Mr. Sanjay Parekh has been managing Reliance Monthly Income Plan since Apr 2012, 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 Reliance Banking Fund since Sep 2017​

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 Money Manager Fund is `1000/- per unit. Face Value of Reliance Liquidity Fund, Reliance Liquid Fund - Treasury Plan & Reliance Liquid Fund - Cash Plan 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. 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.​​​​​​

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Fund Details

  • Inception Date29 Dec 2003
  • Fund ManagerMr. Amit Tripathi | Mr. Sanjay Parekh
Current Investment Philosophy

    Debt Portfolio:

    • The portfolio has been positioned with medium to long term view of softening of interest rates and improved macros of Indian Economy.
    • The fund manages the duration through G-Sec exposure & higher accrual through right blend of short to medium tenor corporate bonds.
    • In line with our view on interest rate, the fund has G-Sec exposure of 25% - 35% so as to maintain modified duration of 4.5 – 6.5 years.
    • The remaining debt exposure is currently in non psu corporate bonds which helps to give higher carry to the portfolio.

    Equity Portfolio:

    • Investment style is Growth at reasonable price (GARP). Flexi cap portfolio with minimum 50% of equity exposure in large cap stocks and rest in mid and small cap stocks.
    • If divergence between midcap and large cap stocks is not too large then would even increase allocation to large cap stocks.
    • Key strategy is to take aggressive sector deviation calls, yet being quite conservative by having higher margin of safety in stock selection.
    • Bottom up stock selection of stocks (early identification) with a long term view have been a key strength of the Portfolio.
    • Capital Preservation & Quality bias is kept in mind for stock selection.
    • It endeavors to remain fully invested in equities (i.e. upto 20%) with minimum allocation to cash & cash equivalents.
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% - On or before completion of 12 months from the date of allotment of units.

Nil - after 12 months from the date of allotment of units.

**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*:

  • Regular income and capital growth over long term
  • Investment in debt & money market instruments and equities & equity related securities

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



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Details as on Apr 30 , 2018

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