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Reliance Floating Rate Fund (formerly known as Reliance Floating Rate Fund - Short Term Plan)

An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives)

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This product is suitable for investors who are seeking*:

  • Income over short term.
  • Investment predominantly in floating rate instruments (Including fixed rate instruments converted to floating rate exposures using swaps/ derivatives)

*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 objective of the scheme is to generate regular income through investment predominantly in floating rate and money market instruments and fixed rate debt instruments.

Fund PerformanceGrowth Plan - Growth Option

  • Latest NAV (22 Jun 2018)27.4265


NAV as on May 31, 2018: ` 27.2852

Performance of Reliance Floating Rate Fund as on 31/05/2018
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Reliance Floating Rate Fund4.74​6.927.657.56
B: Crisil Liquid Fund Index6.887.258.037.13
AB: Crisil 1 Yr T-Bill Index5.856.736.876.06
Value of `10000 Invested
Reliance Floating Rate Fund10,47412,23114,46127,285
B: Crisil Liquid Fund Index10,68812,34314,71425,811
AB: Crisil 1 Yr T-Bill Index10,58512,16513,94522,490
Inception Date:Aug 27, 2004
​​​B - Benchmark    |   AB - Additional Benchmark   
Fund Manager: Amit Tripathi (Since Oct 2007) & ​Vivek Sharma (Since Oct 2013)
​​

​​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 Money Market Fund6.756.887.267.258.018.03
Reliance Low Duration Fund 6.266.977.507.518.148.17
Reliance Hybrid Bond Fund3.664.096.718.059.108.71
Reliance Prime Debt Fund 6.014.907.657.418.098.12
Reliance Equity Hybrid Fund 9.939.5411.2510.0317.1812.94

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 Money Market Fund since Jun 2005, Reliance Low Duration Fund since Mar 2007, Reliance Floating Rate Fund since Oct 2007, Reliance Hybrid Bond Fund Oct 2008, Reliance Prime Debt Fund since Oct 2008, Reliance Equity Hybrid Fund since - Aug 2010

​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER:Vivek Sharma

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Reliance Money Market Fund 6.756.887.267.258.018.03
Reliance Ultra Short Duration Fund 5.946.886.467.257.268.03
Reliance Banking & PSU Debt Fund4.744.907.47​7.41N.A.N.A.
​​​​

Note:

a.Mr. Vivek Sharma manages 4 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. Vivek Sharma has been managing Reliance Money Market Fund since Oct 2013, Reliance Floating Rate Fund since Oct 2013, Reliance Ultra Short Duration Fund since Oct 2013, Reliance Banking & PSU Debt Fund since May 2015

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. 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 Date27 Aug 2004
  • Fund ManagerMr.Vivek Sharma | Mr. Amit Tripathi
Current Investment Philosophy
    • In the short run, the fund will run duration of 2 – 2.5 yrs
    • The fund will endeavour to invest in high quality assets with 100% investments into AAA rated papers.
    • SEBI restriction of up to 65% investments in floating rate instruments will be taken care through a mix of OIS trades & floating rate instruments.
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:**

0.50%, if units redeemed or switched out on or before completion of 1 month 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 short term.
  • Investment predominantly in floating rate instruments (Including fixed rate instruments converted to floating rate exposures using swaps/ derivatives)

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



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Details as on May 31 , 2018

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