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​​​​​​​​​ ​​​​​Home Funds and Performance Reliance-Short-Term​-Fund.​ ​​​​​​

Reliance Short Term Fund

An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 to 3 years (Please refer to the page number of the Offer 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 short term.
  • Investment in debt & money market instruments with portfolio Macaulay Duration between 1 - 3 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 stable returns for investors with a short term investment horizon by investing in debt and money market instruments.

Fund PerformanceGrowth Plan Growth Option

  • Latest NAV (21 May 2018)32.4515


NAV as on Apr 27​, 2018: ` 32.5077

Performance of Reliance Short Term Fund as on 30/04/2018
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Reliance Short Term Fund5.147.317.937.97
B: Crisil Short Term Bond Fund Index5.537.628.287.06
AB: Crisil 1 Yr T-Bill Index6.136.916.975.94
Value of `10000 Invested
Reliance Short Term Fund10,51212,35314,63832,508
B: Crisil Short Term Bond Fund Index10,55212,46014,87628,547
AB: Crisil 1 Yr T-Bill Index10,61112,21614,00124,266
Inception Date: Dec 18, 2002
​​​B - Benchmark    |   AB - Additional Benchmark   
Fund Manager: Prashant Pimple (Since O​ct 2014)
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​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER:Prashant Pimple

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Top 3
Reliance Regular Savings Fund - Debt Option5.873.708.067.578.537.87
Reliance Corporate Bond Fund5.473.708.277.57N.A.N.A.
Reliance Gilt Securities Fund3.422.847.957.328.448.53
Bottom 3
Reliance Dynamic Bond Fund 2.723.706.627.577.387.87
Reliance Income Fund 2.423.706.207.576.567.87
Reliance ETF Long Term Gilt*0.920.72​N.A.N.A.​N.A.N.A.
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Note:​

a.Mr. Prashant Pimple manages 7 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 Regular Savings Fund - Debt Option since Aug 2010, Reliance Corporate Bond Fund since Jun 2014, Reliance ETF Long Term Gilt since Jul 2016

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, perform​ance 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 Date18 Dec 2002
  • Fund ManagerMr. Prashant Pimple
Current Investment Philosophy
    • The fund Investments would predominantly be into corporate bonds, G-Secs and money market instruments. These investments would be restricted to 5 years duration to contain return volatility over a one year period.
    • The fund manager while investing would place emphasis on good credit quality assets. Around 70-100% invests would be made in upto 3 years assets and 0-30% between 3-5 years assets, 15-20% tactical allocation may be made to G-Secs/ SDLs based on absolute yield and spread views.
    • The fund will allocate predominantly in the AAA PSU/ Banking space thus allowing the portfolio manager higher flexibility in terms of changing average maturities and asset allocation.
    • The fund would run moderate duration strategy, which would be maintained in the range of 0.75 years to 2.75 years.
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:**

NIL

**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 short term.
  • Investment in debt & money market instruments with portfolio Macaulay Duration between 1 - 3 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 Apr 30 , 2018

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