Reliance Mutual Fund - Introduction
Reliance Mutual Fund is one of the top-performing mutual funds in India. Incorporated in the year 1995, within a very short span of time, Reliance Mutual Fund has established its existence as one of the top mutual funds. With its presence in more than 160 cities across the country, Reliance MF deals in five main funds namely Debt Funds, Equity Funds, Retirement Funds, Gold Funds and Liquid Funds. To provide its investors with the best possible investment solutions, RMF strives for introducing innovative products.
Salient Features of Reliance Mutual Fund (RMF)
Reliance Mutual Fund allows the investors to get handsome returns on their mutual fund investments. Some of the alluring features of Reliance Mutual Funds are as mentioned below:
- RMF has an affluent distribution network across the country.
- The customer services is available 24x7 with robust service
- It is a pioneer in the mutual fund industry
- Reliance MF is a expert in the market with 20+ of experience in the financial sector
- Most of the investment avenues of Reliance MF offer tax benefits under Indian Income Tax Act, as per the prevailing tax laws.
Different Types of Reliance Mutual Fund
Reliance Mutual Fund offers investment avenues to build a financial portfolio where the money is invested in equity, equity instruments, debt, money market or other related assets. Here are top 5 Reliance mutual funds with their returns:
|Reliance Mutual Funds||1st Year Return||3rd Year Return||5th year Return||10th Year Return|
|Reliance Arbitrage Fund||6.24||6.26||7.38||-|
|Reliance Annual Interval Series I Retail||0.64||7.47||7.89||-|
|Reliance Banking Fund||8.64||13.67||17.09||16.64|
|Reliance Annual Interval Series I Inst||6.64||7.47||7.89||7.97|
|Reliance Banking & PSU Debt Fund||4.93||7.52||-||-|
Types of Funds under Reliance Mutual Fund
Reliance mutual fund offers certain funds to invest and grow money including, equity fund, debt fund, gold fund, liquid fund, tax-saving fund and retirement fund.
RMF Equity Funds are to be invested in stocks and equities. These are high to medium risk funds that offer the investors suitable returns on their MF investments. These are useful as a long-term capital investment based on the risk-appetite of the investors. Here’re the top 5 equity funds of RMF:
|Mutual Fund Schemes||1st Year Return||3rd Year Return||5th Year Return|
|Reliance ETF Bank BeES||0.81%||13.53%||17.50%|
|Reliance Consumption Fund(G)||-6.99%||3.39%||9.87%|
|Reliance Banking Fund(G)||-6.26%||12.72%||18.72%|
|Reliance ETF Consumption||-1.08%||10.92%||-|
|Reliance ETF Dividend Opportunities||1.15%||13.43%||-|
- Reliance ETF Bank BeES: The main objective is to provide returns that correspond to the returns of the Securities of Nifty Bank Index. Current NAV is 2963.1723.
- Reliance Consumption Fund (G): Formerly known as Reliance Media & Entertainment Fund, the aim of this fund is to seek long-term capital appreciation, where 80% of investment goes to net assets in equity or equity-related instruments. The latest NAV is 61.7369.
- Reliance Banking Fund (G): The primary motive of this fund is to generate contentious returns by investing money in equity and equity securities. The latest NAV on this fund as of July 25th is 271.4069. This fund is suitable for investors with advanced knowledge of macro trends or prefer to take selective bets for earning higher returns.
- Reliance ETF Consumption: Similar to ETF Bank BeES, this fund also provides investment returns that are correspond to the total returns f Securities of Nifty India Index, which is before expenses. Nevertheless, there can be no guarantee that the investment objective of this scheme will be achieved.
- Reliance ETF Dividend Opportunities: The objective of this fund is t provider returns, before expense, as per the total returns of the security represented by Nifty Dividend Opportunities 50 Index.
These funds act as a saving instrument that provides medium returns with enhanced safety and reliability as compared to equity funds. The below are top 5 Debt Mutual Funds offered by Reliance:
|Mutual Fund Schemes||1st Year Return||3rd Year Return||5th Year Return|
|Reliance Dynamic Bond (G)||0.31%||6.08%||7.93%|
|Reliance Strategic Debt Fund (G)||2.96%||7.35%||-|
|Reliance Banking & PSU Debt Fund(G)||3.91%||6.92%||-|
|Reliance Credit Risk Fund (G)||4.44%||7.40%||8.40%|
|Reliance ETF Long Term Gilt||0.69%||-||-|
- Reliance Dynamic Bond (G): The main objective of this fund is to create best returns with a moderate level of risk. The income can be assured from capital appreciation of the investment made in debt and money market. Current NAV is 25.7454.
- Reliance Strategic Debt Fund (G): Formerly known as Reliance Classic Bond Fund, it is an open-ended medium-term fund option under the category Debt Fund. The money is invested in debt and various maturities in order to grow the wealth, while balancing the safety, liquidity and yield. The current NAV of this fund is 13.8962.
- Reliance Banking & PSU Debt Fund(G): These funds help in wealth generation over short to medium investment in debt, money market securities, securities issued by entities like Banks, PSUs and Public Financial Institutes. However, it doesn’t offer any guarantee of achieving the investment objective. The latest NAV offered is 13.9300.
- Reliance Credit Risk Fund (G): Formerly known as Reliance Regular Savings Fund, this fund is suitable for those who want to invest for the long term and prefer less risky assets. The income can be generated by capital appreciation of the investment portfolio. Current NAV available is 25.3403.
- Reliance ETF Long Term Gilt: This fund offers returns closely correspond to the total returns of Securities that are respected by Nifty 8-13 yr G-Sec Index before expenses. Current NAV is 19.8473.
Reliance Hybrid Funds
This type of mutual funds is popular for delivering risk-adjusted returns by investing in the combination of fixed income tools and equities. It increases the advantage of blending the growth potential of equities with stability. Some of the popular reliance hybrid funds are:
|Mutual Fund Schemes||1st Year Return||3rd Year Return||5th Year Return|
|Reliance Arbitrage Fund (G)||6.69%||6.21%||6.91%|
|Reliance Equity Hybrid Fund (G)||-5.78%||9.31%||16.40%|
|Reliance Balanced Advantage Fund (G)||-0.44%||10.10%||14.79%|
|Reliance Hybrid Bond Fund (G):||1.23%||6.91%||10.18%|
|Reliance Equity Savings Fund (G)||-1.83%||6.69%||-|
- Reliance Arbitrage Fund (G): These funds make the best use of the price available in the mutual fund market, with the simultaneous purchase of low-priced securities from a market, and then selling them off in another market by quoting a relatively higher price of the same securities. Current NAV is 19.3712.
- Reliance Equity Hybrid Fund (G): The investment purpose of this fund is to make steady returns by investing in a mix of securities consisting of equity, equity instruments and fixed income investment tools. Current NAV is 52.3112.
- Reliance Balanced Advantage Fund (G): Formerly famous as Reliance NRI Equity Fund, the objective of this fund is to capitalise the upside of equity markets. It manages the portfolio through investing in equity and equity instruments or actively in debt, money market and derivatives.
- Reliance Hybrid Bond Fund (G): Previously known as monthly income plan, this scheme is best to generate income to make contentious dividend to unit-holders. The secondary objective is to grow the capital.
- Reliance Equity Savings Fund (G): Under this fund, returns are generated by investing your money in pure equity investments and arbitrage opportunities. The money is also invested in debt and money market. However, these funds offer no guarantee of achieving the fund objective.
RMF Tax-saving Equity Funds
Reliance tax-saving equity funds also referred to as ELSS funds are useful in generating long-term capital gains by investing in equity and equity instruments. However, these don’t provide any guarantee of achievement of the scheme’s objective. Some of the Reliance Tax-saving Equity Funds include:
|Mutual Fund Scheme||1st Year Rolling||3rd Year Rolling||5th year Rolling|
|Reliance tax saver (ELSS) fund||-7.02%||6.09%||35.32%|
The objective of these funds is to generate optimal returns through the assets with the moderate risk level and high liquidity. The money is usually invested in money market and debt. Current NAV offered is
These funds make investments in gold or traded stocks of gold-mining companies. These funds offer investors the opportunity to purchase pure gold at lower prices and sell them in the market at linked prices, as any issue of theft is offset.
How to invest in Reliance Mutual Fund?
Whether you are a pro-investor or newbie in this market, investing in any of the funds of Reliance Mutual Fund is very easy. The best option is to invest online, you only need your PAN number. To invest:
- Visit the official website of Reliance Mutual Fund
- Select the fund you want to invest
- Provide your personal details
- Make payment online
- Your investment portfolio is ready in just a few minutes
- Subscribe or redeem RMF units through BSE STAR Platform (BSE) and MFSS Platform (NSE)
More ways to invest:
- Through Reliance Any Time Money Card
- Through the stock exchange platform
- Buy with an application form
- You can carry out the transaction using the mobile app of the Reliance Mutual Fund
- If you want to buy more RMF units, you can call on their toll-free number
- Transaction related to redeeming, SIP, the purchase can be availed through SMS as well
- Approach 24x7 customer care number
Documents Required to Invest in Reliance Mutual Fund
In order to invest in Reliance Mutual Fund, you will need the following documents:
- PAN card
- KYC Individual Form
- Proof of Identity: Aadhaar, Passport, Voter’s ID card, Driving licence
- Proof of Address: Aadhaar, Driving licence, Passport, Voter’s ID card, Ration card, Registered lease/sale agreement of residence, Insurance copy etc.
- Cheque for SIP
About Reliance Mutual Funds
Reliance Mutual Fund takes pride in being considered as one of India's top mutual funds (MF). It comes under the roof of the Reliance Anil Dhirubhai Ambani (ADA) group. RMF was founded as a trust, under Indian Trusts Act, 1882. Reliance Capital Limited (RCL) was its Sponsor/Settler and Reliance Capital Trustee Co. Limited (RCTC) was its Trustee.
If we consider the Reliance Mutual Fund results & performance, the company has been growing at a fast speed. Reliance MF has a presence in more than 160 cities across India. On June 30, 1995, Reliance Mutual Fund registered with the Securities & Exchange Board of India (SEBI) and its registration no. is MF/022/95/1. On March 11, 2004, Reliance Capital Mutual Fund was renamed as Reliance Mutual Fund, vide, Securities & Exchange Board of India’s letter no. IMD/PSP/4958/2004.
RMF was established to launch a variety of schemes under which the units are issued to the investors with an aim to make it contribute to the capital market and provide the investors with the opportunities to invest in diversified securities.
As accounted on December 31, 2016, its Average Assets Under Management (AAUM) is worth Rs. 1,95,845 Crores for the period of October 20 16 to December 2016 (Quarter Q3).
Reliance Mutual Funds - FAQs
Q1) Which Reliance Mutual fund scheme should I invest into?
Ans: Reliance Mutual Funds is one of the top-performing AMCs in India. The company is one the fastest growing AMCs and has a presence in 160 plus cities across the country. Below enlisted are some of the top-performing mutual fund schemes:
- Reliance Small Cap Fund: This is a small-cap fund wherein the majority of the investment is made in small-cap stocks. This fund is high on the risk factor and therefore is suitable for the individuals who don’t have problems taking risks.
- Reliance Small Cap Fund works best if the investments in this fund are made for a longer duration of time such as for more than 3 years or so.
- Under this scheme, around 90% of the investment is made in equity and the remaining part is kept as cash for the liquefying purpose.
- Reliance Low Duration Fund: Reliance Low Duration Fund was formerly known as Reliance Money Manager Fund. It is an open-ended debt scheme which invests in debt & money-market instruments for a low duration. Under this scheme, the Macaulay duration of the investment portfolio is kept between 6 to 12 months.
- Reliance Liquid Fund: Reliance Liquid Fund is an open-ended liquefying scheme and its primary objective is to help the investors get maximum returns (at moderate risk level) and high liquidity by making investments in debt & money market instruments.
These schemes are shortlisted based on their NAVs (Net Asset Values) and their individual annualized returns. However, it’s always better to consult a mutual fund advisor before making any investment. Take your time to learn and educate yourself about mutual funds. Always try to invest in mutual fund schemes that are in sync with your investment horizon, financial goals and your risk profile.
Q2) How do I buy Reliance Mutual Fund schemes online?
Ans: Reliance Mutual Funds offers different ways to make the online application convenient for its customers. You can use either of the below-enlisted procedures to complete your online transaction:
- Official Website: You can invest through their official website: https://www.reliancemutual[dot]com/ any time, 24X7. The website is simple and easy to use where you can easily complete a host of transactions online.
- Mobile App: You can download Reliance Mutual Fund mobile app to carry out your online transaction which is simple, safe and easy to use. Use the ‘Simply Save' option to invest in a single step at any time & anywhere.
- Through Stock Exchange Platform: You can also subscribe or redeem units of Reliance Mutual Fund through MFSS Platform (NSE) and BSE STAR Platform (BSE). You can purchase any number of units through these platforms and they will be credited to your DEMAT account.
Q3) What are the tax benefits of Reliance mutual fund schemes?
Ans: ELSS (Equity-Linked Savings Schemes) work as an ideal tax-saving instrument as it provides you with an easy option to avail tax benefits. It also gives you an opportunity to harness the potential benefits of investing in the equity market.
- Income tax benefit: Your investments made under ELSS schemes are eligible for tax deduction u/s 80C of the Income Tax Act.
- Lower lock-in period: ELSS funds offer the shortest lock-in period of 3 years as compared to the traditional investment products like NSC, PPF that are available u/s 80C of the Income-tax Act.
- Tax-free Capital Gains/Dividends: During the investment period, dividends declared under an ELSS scheme are eligible for tax deductions. Also, profits earned on the sale of ELSS units are taken as long-term capital gains and therefore, are considered as tax-free.
Q4) Why should I invest in Reliance mutual fund scheme?
Ans: There are reasons why Reliance Mutual Fund (RMF) is one of the most preferred choices among millions of progressive investors when it comes to mutual fund houses in India. Below enlisted are top 4 reasons why investing with Reliance Mutual Fund is a smart decision:
- Lineage: Big brands like Reliance Nippon Life Asset Management Limited and international experts such as Nippon Life Insurance are the stakeholders of Reliance Mutual Fund.
- Robust Distribution Network: Reliance Mutual Fund house has a presence in over 160 locations across the country. The fund house also serves at international destinations such as Mauritius, Singapore and the United Kingdom.
- Pioneering Trends: Reliance MF constantly focuses on providing simplified investment solutions to its investors. The company is among the first ones to launch a Gold Savings fund (An open-ended fund).
- Expertise: Your money is managed through a team of expert in-house fund managers who have rich experience in handling different asset classes & sectors.
Q5) Do all mutual funds have tax benefits?
Ans: No, all mutual funds are not eligible for tax benefits.
Q6) What is Reliance Mutual Fund NAV?
Ans: Reliance Mutual Fund NAV stands for Net Asset Value. It is a price at which unit a mutual fund can be bought. It also refers to the market value of the fund.
Q7) How is NAV calculated?
Ans: In order to calculate Reliance MF NAV, subtract a liability from the current value of the Reliance MF’s asset and divide the figure by the total outstanding number of units.