Reliance Mutual Fund

Overview of Reliance Mutual Fund

Reliance Mutual Fund is one of the foremost mutual funds in India which is also a part of the Reliance Anil Dhirubhai Ambani (ADA) group. The mutual fund company provides the investors a complete product suite of portfolio in order to fulfill varying investor requirements. Reliance Mutual Fund extend its presence in 160 cities across the country. This mutual fund industry consistently engages itself in launching various product and customer service initiatives in order to enhance the value in the eyes of investors.

Reliance Mutual Fund (RMF) has been incepted as a trust under the Indian Trusts Act, 1882. Reliance Capital Limited(RCL) acts as the sponsor of the company whereas Reliance Capital Trustee Company plays the role of the Trustee.

Reliance Mutual Fund has been registered with the Securities ​​& Exchange Board of India (SEBI) vide a registration number MF/022/95/1 dated June 30, 1995. Later on, the name of Reliance Capital Mutual Fund got changed to Reliance Mutual Fund with effect from March 11,2004 vide SEBI's letter no. IMD/PSP/4958/2004 dated March 11,2004. RMF was constituted to launch different schemes under which units are issued to the public with an emphasis to contribute to the capital market and to offer the investors various avenues to make investments in diversified securities.

Board of Directors for Reliance Asset Management Ltd.

The list of board of directors are as under:

AMC Directors

  • Mr. Kanu Doshi (Independent Director)
  • Mr. Kazuhide Toda (Associate Director)
  • Mr. S C Tripathi (Independent Director)
  • Ms. Ameeta Chatterjee (Independent Director)
  • General Ved Prakash Malik (Retd.) (Independent Director)
  • Mr. Sundeep Sikka (Associate Director)
  • Mr. Takayuki Murai (Associate Director)

Trustee Director

  • Mr. P.P. Vora (Independent Director)
  • Mr. A. N. Shanbhag (Associate Director)
  • Mr. S. Santhanakrishnan (Independent Director)
  • Mr. Uttamprakash Agarwal (Independent Director)

Registrar

The registrar of Reliance Asset Management Ltd. is Karvy Computershare Private Ltd.

Fund Managers

The fund managers are classified as follows:

Equity Fund Managers

  • Mr. Ashwani Kumar (Senior Fund Manager- Equity Investments)
  • Mr. Sailesh Raj Bhan (Deputy CIO)
  • Mr. Samir Rachh (Fund Manager – Equity Investments)
  • Mr. Sanjay Parekh (Senior Fund Manager- Equity Investments)
  • Mr. Shrey Loonker (Fund Manager)
  • Mr. Sunil Singhania (CIO-Equity Investments)
  • Ms.Jahnvee Shah (Fund Manager)
  • Mr. Sanjay Doshi (Fund Manager)
  • Ms. Meenakshi Dawar (Fund Manager)

Debt Fund Managers

  • Mr. Amit Tripathi (CIO-Fixed Income)
  • Ms. Anju Chhajer (Senior Fund Manager)
  • Mr. Prashant Pimple (Senior Fund Manager)
  • Mr.Vivek Sharma (Fund Manager)

ETF Fund Managers

  • Ms. Payal Wadhwa Kaipunjal (Senior Fund Manager-Equity ETF)
  • Mr. Siddharth Debt (Fund Manager-Debt ETF)

Products offered by Reliance Mutual Fund

1. Equity Funds

Equity funds offer the investors higher returns as compared to other investment options and are suited for those investors with commensurate risk taking aptitude and long-term investment horizon. From Indian perspective, Indian equities have been considered as one of the top performing asset class across the decade. There are other funds which come under exchange traded funds category which constitute some portion in equities. The investment objective of such schemes provide returns which correspond to the total returns of the securities as represented by their benchmark subject to tracking error. There are 38 equity funds which are offered by Reliance Mutual Fund :

  • Reliance Vision Fund
  • Reliance Top 200 Fund
  • Reliance Quant Plus Fund
  • Reliance NRI Equity Fund
  • Reliance Focused Large Cap Fund
  • Reliance Index Fund - Nifty plan
  • Reliance Index Fund - Sensex Plan
  • Reliance Growth Fund
  • Reliance Mid & Small Cap Fund
  • Reliance Small Cap Fund
  • Reliance Regular Savings Fund - Equity option
  • Reliance Equity Opportunities Fund
  • Reliance Banking Fund
  • Reliance Diversified Power sector Fund
  • Reliance Pharma Fund
  • Reliance Media & Entertainment Fund
  • Reliance Tax Saver (ELSS) Fund
  • Reliance ETF Nifty 100 (formerly known as R*Shares CNX 100 ETF)
  • Reliance ETF Dividend Opportunities (formerly known as R*Shares Dividend Opportunities ETF)
  • Reliance ETF Consumption (formerly known as R*Shares Consumption ETF)
  • Reliance Regular Savings Fund - Balanced option
  • Reliance Arbitrage Advantage Fund
  • Reliance Japan Equity Fund
  • Reliance ETF Sensex (formerly known as R*Shares Sensex ETF)
  • Reliance Equity Savings Fund
  • Reliance ETF NV20 (formerly known as R*Shares NV20 ETF)
  • Reliance US Equity Opportunities Fund
  • Reliance ETF Long Term Gilt (formerly known as R* Shares Long Term Gilt ETF) CPSE-ETF
  • Reliance ETF Gold BeES (formerly known as R*Shares Gold BeES)
  • Reliance ETF Bank BeES (formerly known as R*Shares Bank BeES)
  • Reliance ETF PSU Bank BeES (formerly known as R*Shares PSU Bank BeES)
  • Reliance ETF Shariah BeES (formerly known as R*Shares Shariah BeES)
  • Reliance ETF Infra BeES (formerly known as R*Shares Infra BeES)
  • Reliance ETF Junior BeES (formerly known as R*Shares Junior BeES)
  • Reliance ETF Hang Seng BeES (formerly known as R*Shares Hang Seng BeES)
  • Reliance ETF Liquid BeES (formerly known as R*Shares Liquid BeES)
  • Reliance ETF Nifty BeES (formerly known as R*Shares Nifty BeES)

2. Debt Funds

These funds predominately invest in debt-market instruments such as bonds, government securities, debentures and so on. There are 11 debt funds offered by Reliance Mutual Fund which are:

  • Reliance Floating Rate Fund - Short Term Plan
  • Reliance Money Manager Fund
  • Reliance Medium Term Fund
  • Reliance Short Term Fund
  • Reliance Regular Savings Fund - Debt option
  • Reliance Income Fund
  • Reliance Dynamic Bond Fund
  • Reliance Gilt Securities Fund
  • Reliance Monthly Income Plan
  • Reliance Corporate Bond fund
  • Reliance Banking & PSU Debt Fund

3. Liquid Funds

Liquid funds are those funds which predominately invest in short-term or very short-term securities with a residual maturity of upto 91 days such as Treasury bills, Commercial Papers etc. There are three liquid funds offered by Reliance Mutual Fund which are as follows

  • Reliance Liquidity Fund
  • Reliance Liquid Fund - Cash Plan
  • Reliance Liquid Fund - Treasury Plan

4. Gold Funds

Gold Funds are aimed towards generating returns that closely correspond to the returns harnessed by the price of gold through investment in physical gold. Reliance Gold Savings Fund is one such gold fund offered by Reliance Mutual Fund.

5. Retirement Fund-Equity & Debt

This fund is aimed to offer capital growth and continual income to the investors which are attuned to their retirement goals by investing in a combination of securities comprised of equity, equity related securities and fixed income instruments. It is basically a tax-saving cum pension scheme offered to those investors who plan for their retirement. There are only two retirement funds which are offered by Reliance Mutual Fund :

  • Reliance Retirement Fund- Wealth Creation Scheme
  • Reliance Retirement Fund-Income Generation Scheme
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