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Reliance Nivesh Lakshya Fund

An open ended debt scheme investing in instruments such that the Macaulay Duration of the portfolio is greater than 7 years (Please refer to the page number 1 of the Scheme Information Document on which the concept of Macaulay’s Duration has been explained)

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This product is suitable for investors who are seeking*:

  • Income over long term
  • Investment in debt and money market instruments such that the Macaulay duration of the portfolio of greater than 7 years

*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 optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments.

Fund PerformanceGrowth Plan

  • Latest NAV (16 Aug 2019)12.2108


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NAV as on July 31, 2019: ` 12.34

Performance of Reliance Nivesh Lakshya Fund as on 31/07/2019
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Reliance Nivesh Lakshya Fund 23.08 N.A. N.A. 21.75
​B: Crisil Long Term Debt Index 14.09 N.A. N.A. 14.09
AB: Reliance Crisil 10 Yr Gilt Index 16.64 N.A. N.A. 16.76
Value of `10000 Invested
Reliance Nivesh Lakshya Fund 12,308 N.A. N.A. 12,340
B: Crisil Long Term Debt Index 11,409 N.A. N.A. 11,512
AB: Reliance Crisil 10 Yr Gilt Index 11,664 N.A. N.A. 11,801
Inception Date: July 6, 2018
​​​B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index​
​​​Fund Manager: Prashant Pimple (Since July 2018) ​
​​

​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER:Prashant Pimple

Scheme Name/sCAGR %
1 Year Return3 Years Return5 Years Return
SchemeBenchmarkSchemeBenchmarkSchemeBenchmark
Top 3
Reliance ETF Long Term Gilt*17.0517.108.198.34N.A.N.A.
Reliance Gilt Securities Fund16.6714.639.537.8011.009.54
Reliance Income Fund15.1012.817.757.559.119.13
Bottom 3
Reliance Short Term Fund8.719.576.907.537.968.32
Reliance Credit Risk Fund3.418.885.928.097.419.05
Reliance Strategic Debt Fund -1.288.854.158.116.719.58
​​​​​

Note:

a.Mr. Prashant Pimple manages 8 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) .

*The Scheme does not offer any Plans/Options. The performance details are provided at Scheme level using Dividend Reinvestment NAV's.

Mr. Prashant Pimple has been managing Reliance Dynamic Bond Fund since Oct 2008, Reliance Income Fund since Oct 2008, Reliance Gilt Securities Fund since Oct 2008, Reliance Short Term Fund since Oct 2008, Reliance Classic Bond Fund Option since Aug 2010, Reliance Credit Risk Fund since Jun 2014, Reliance ETF Long Term Gilt since Jul 2016,Reliance Nivesh Lakshya Fund since July 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 Date6 Jul 2018
  • Fund ManagerMr. Prashant Pimple
Current Investment Philosophy
    • Investments in long term fixed income securities including Government Securities at the current yields.
    • Most of the securities would be bought and held till maturity.
    • Rebalancing the portfolio to ensure that similar securities mix is maintained.
Minimum Investment
5000.00

    and in multiples of Re. 1 thereafter

Fund Manager
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 can be redeemed every year without any exit load, on or before completion of 36 months from the date of allotment of units. Any redemption in excess of such limit in the first 36 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 36 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 over long term
  • Investment in debt and money market instruments such that the Macaulay duration of the portfolio of greater than 7 years

*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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