Reliance SIP Plan
The Reliance SIP Plan is a Systematic Investment Plan (SIP) offered by Reliance Life Insurance Company. These best SIP plans aim to help you achieve your financial goals by offering flexibility, convenience, and the potential for long-term wealth accumulation through the power of compounding.
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| Returns | ||||
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| Fund Name | 3 Years | 5 Years | 10 Years | |
| Top 200 Fund Tata AIA | 24.74% | 31.65% |
20.12%
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| Virtue II PNB Metlife | 22.28% | 27.93% |
18.14%
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| Pure Equity Birla Sun Life | 20.86% | 24.74% |
16.69%
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| Growth Opportunities Plus Fund Bharti AXA | 17.96% | 22.2% |
16.15%
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| Pure Stock Fund Bajaj Allianz | 19.31% | 22.69% |
15.67%
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| Diversified Equity Fund HDFC Standard | 15.67% | 20.12% |
15.12%
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| Growth Super Fund Max Life | 15.78% | 19.21% |
13.57%
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| Equity Fund SBI | 15.88% | 18.78% |
13.1%
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| Multi Cap Growth Fund ICICI Prudential | 16.58% | 19.08% |
12.87%
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| Growth Plus Fund Canara HSBC Oriental Bank | 13.79% | 15.67% |
11.3%
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Updated as of Aug 2024
| Returns | ||||
|---|---|---|---|---|
| Fund Name | 3 Years | 5 Years | 10 Years | |
| Active Fund QUANT | 24.92% | 31.48% |
21.87%
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| Flexi Cap Fund PARAG PARIKH | 20.69% | 26.41% |
19.28%
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| Large and Mid-Cap Fund EDELWEISS | 22.34% | 24.29% |
17.94%
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| Equity Opportunities Fund KOTAK | 24.64% | 25.01% |
19.45%
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| Large and Midcap Fund MIRAE ASSET | 19.74% | 24.32% |
22.50%
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| Flexi Cap Fund PGIM INDIA | 14.75% | 23.39% |
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| Flexi Cap Fund DSP | 18.41% | 22.33% |
16.91%
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| Emerging Equities Fund CANARA ROBECO | 20.05% | 21.80% |
15.92%
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| Focused fund SUNDARAM | 18.27% | 18.22% |
16.55%
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Updated as of July 2024
What is the Reliance SIP Plan?
Reliance SIP (Systematic Investment Plan) is a method for investing in the best SIP plans offered by Reliance Life Insurance Company. It allows you to invest a fixed amount of money at regular intervals. SIP is a disciplined approach to investing that inculcates a habit of regular savings and helps build wealth over the long term through the power of compounding and rupee-cost averaging.
Top Reliance SIP Plans in India in 2024
Some of the top SIP plans in 2024 offered by Reliance Nippon Life Insurance Company, based on their past performance and suitability for different investor profiles, are mentioned below:
| Fund Name | Risk Category | 1-Year Returns | 3-Year Returns | 5-Year Returns | |
| Reliance Life Large Cap Equity Fund | High | 32.8% | 16.6% | 15.0% | |
| Reliance Life Equity Fund 3 | High | 32.2% | 14.6% | 14.0% | |
| Reliance Life Pure Equity Fund 2 | High | 43.9% | 20.6% | 18.5% | |
| Reliance Make in India Fund | High | 31.7% | -- | -- | |
| Reliance Life Balanced Fund 1 | Low to Moderate | 12.3% | 7.5% | 7.4% | |
| Reliance Life Corporate Bond Fund 1 | Low to Moderate | 7.9% | 5.4% | 6.1% | |
| Reliance Life Money Market Fund 1 | Low | 5.8% | 4.0% | 3.9% |
*RSI: Returns Since Inception
Details of Top Performing Reliance SIP Plans – ULIP Plans
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Reliance Life Large Cap Equity Fund
The Reliance Life Large Cap Equity Fund is a market-linked fund offered by Reliance Nippon Life Insurance Company. It is a high-risk fund that invests primarily in large-cap equities and equity related instruments and Money Market Instruments (MMIs).
Features of Reliance Life Large Cap Equity Fund:
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Investment Objective: To generate consistent long-term capital appreciation by investing in equity and equity-related instruments of large-cap companies.
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Launch Date: January 16, 2020
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Asset Allocation: Equity (60 – 100%), Debt (0 – 10%), and Money Market Instruments (0 – 40%)
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Current NAV (as of March 19, 2024): ₹ 17.51
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Reliance Life Equity Fund 3
Reliance Life Equity Fund 3 is a market-linked fund offered by Reliance Nippon Life Insurance Company Limited. It is also a high-risk fund that invests majorly in equity instruments in India.
Features of Reliance Life Equity Fund 3:
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Investment Objective: To generate long-term capital appreciation through investments in equity stocks.
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Launch Date: January 10, 2010
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Asset Allocation: Equity (75 – 100%) and Money Market Instruments (0 – 25%)
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Current NAV (as of March 19, 2024): ₹ 45.46
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Reliance Life Pure Equity Fund 2
Reliance Life Pure Equity Fund 2 is a Unit Linked Insurance Plan (ULIP) offered by Reliance Nippon Life Insurance. It is an equity-based ULIP fund, which means that a majority of its corpus is invested in equities.
Features of Reliance Life Pure Equity Fund 2:
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Investment Objective: To achieve long-term capital appreciation by investing predominantly in equity and equity-related instruments.
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Launch Date: March 18 2010
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Asset Allocation: Equity (60 – 100%) and Money Market Instruments (0 – 40%)
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Current NAV (as of March 19, 2024): ₹ 48.58
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Reliance Make in India Fund
The Reliance Make in India Fund is a thematic market-linked fund offered by Reliance Nippon India Life Insurance Company that invests in industries positioned to benefit from the Indian government's "Make in India" initiative.
Features of Reliance Make in India Fund:
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Investment Objective: To invest in companies building the future of Indian manufacturing (Think Make in India) for potentially high long-term gains.
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Launch Date: February 18 2016
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Asset Allocation: Equity (60 – 100%), Debt (0 – 20%), and Money Market Instruments (0 – 20%)
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Current NAV (as of March 19, 2024): ₹ 25.80
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Reliance Life Balanced Fund 1
Reliance Life Balanced Fund 1 is a Unit Linked Insurance Plan (ULIP) offered by Reliance Nippon Life Insurance Company. It is a balanced allocation fund, which means it invests in a mix of equity and debt instruments.
Features of Reliance Life Balanced Fund 1:
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Investment Objective: To invest for long-term growth in a diversified portfolio with equities and bonds (suitable for moderate risk).
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Launch Date: August 09, 2004
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Asset Allocation: Debt (60% - 100%), Equity (0 – 40%) and Money Market Instruments (0 – 25%)
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Current NAV (as of March 19, 2024): ₹44.7118
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Reliance Life Corporate Bond Fund 1
The Reliance Life Corporate Bond Fund 1 is a debt market-linked fund offered by Reliance Nippon Life Insurance. It aims to generate regular income for investors by investing in a mix of government and corporate bonds.
Features of Reliance Life Corporate Bond Fund 1:
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Investment Objective: To invest in a mix of government and corporate bonds for steady income, suitable for those with a low to moderate risk tolerance.
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Launch Date: June 11, 2008
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Asset Allocation: Debt (75 – 100%) and Money Market Instruments (0 – 25%)
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Current NAV (as of March 19, 2024): ₹ 29.89
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Reliance Life Money Market Fund 1
Reliance Life Money Market Fund 1 is a market-linked fund offered by Reliance Nippon Life Insurance Company Limited. It is categorized as an ultra-short-duration debt fund that invests in very short-term debt investments, like certificates of deposit and commercial paper.
Features of Reliance Life Money Market Fund 1:
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Investment Objective: to invest in Money Market instruments for steady returns and high liquidity. It is an attractive investment option for investors with low-risk tolerance.
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Launch Date: June 11, 2008
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Asset Allocation: Money Market Instruments (100%)
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Current NAV (as of March 19, 2024): ₹ 24.52
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Benefits of Investing in Reliance SIP Plans
There are several benefits to investing in Reliance SIP plans, which are essentially Systematic Investment Plans offered by Reliance Nippon Life Insurance Company. Some of the key advantages of these best SIP plans are as follows:
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Disciplined Investing: SIPs inculcate a habit of regular saving and investment. By setting up a fixed amount to be deducted automatically at a predetermined interval, you ensure consistent investment towards your financial goals.
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Flexibility: Reliance SIPs offer flexibility in terms of investment amount and tenure. You can start with a small amount and gradually increase it as your income grows. You can also choose the investment tenure to align with your financial goals.
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Rupee-Cost Averaging: By investing a fixed amount regularly, you purchase more units when the market is low and fewer units when the market is high. This helps to average out the cost of investment over time.
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Power of Compounding: Compounding refers to the reinvestment of earnings, leading to your money growing exponentially over time. SIPs help you benefit from compounding as you reinvest your returns along with your regular contributions.
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Convenience: Reliance SIPs are a convenient way to invest in mutual funds. You can set up an SIP online or through your bank, and the investment will be automatically deducted and invested at regular intervals.
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Tax Benefits: Reliance SIPs in ELSS (Equity Linked Saving Schemes) allow you to claim tax deductions under Section 80C of the Income Tax Act for up to Rs 1.5 lakh per financial year.
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Potential for High Returns: Equity SIPs have the potential to generate high returns over the long term but also come with inherent market risks. To help you estimate the potential returns on your Reliance SIP investment, you can use the Reliance SIP Calculator.
In Summary
Reliance SIP plan offers a convenient and disciplined approach to investing in market-linked funds, which allows you to systematically grow your wealth over time. With its flexible options and potential for long-term returns, it provides a reliable avenue for you to achieve your financial goals while minimizing risks through diversification.
FAQs
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Are there any tax benefits for Reliance Life SIP plans?
Investments in ULIPs can qualify for tax deductions under Section 80C of the Income Tax Act 1961 up to a maximum of Rs. 1.5 lakh per year. You can also avail of tax-free returns under Section 10(10D) on total annual premiums below Rs. 2.5 lakhs of the IT Act, 1961. -
Can I do SIP in Reliance Industries?
No, you cannot directly do SIP in Reliance Industries. SIP (Systematic Investment Plan) is a method for investing in market-linked funds. Reliance Industries is a company, not a market-linked fund. -
Which Reliance mutual fund is best?
Reliance Mutual Fund is now known as Nippon India Mutual Fund. Some of their top-performing funds across various categories are listed below:-
Nippon India Small Cap Fund
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Nippon India Multi Cap Fund
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Nippon India Large Cap Fund
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Nippon India Focused Equity Fund
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Nippon India Tax Saver Fund (ELSS)
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What is the return rate of Reliance SIP?
Reliance SIP Plans (Systematic Investment Plan) invest in a chosen market-linked fund. So, the return rate depends on the market conditions and the performance of the specific Reliance/Nippon India investment scheme you invested in. Typically, investors aim for an average annual return rate of 12% to 15% over the long term. However, actual returns may differ based on factors such as fund selection, investment horizon, and market volatility.
