Reliance Mutual Fund

本文主要介紹了印度領先的共同基金——信賴基金。主要通過以下幾個方面來講述：信賴基金的概況；信托目的；公司治理；信賴基金的方案；方案的對象；投資組合管理服務等。共同基金是一種信托，是多人共享一個共同的財務目標的投資者的儲蓄。共同基金的主要目的是提供給低收入群體獲得一個機會。

INTRODUCTION OF RELIANCE MUTUAL FUND

Overview

Reliance Mutual Fund (RMF) is one of India's leading Mutual Funds, with Average Assets Under Management (AAUM) of Rs. 1,22,252 CRORES and an investor base of over 72.40 Lacs. (AAUM and investor count as of November 2009)

For its 7.3 million investors, RMF offers a well-rounded portfolio of products that meet varying requirements. They are served from offices across 226 locations in India, offices in Dubai, Singapore, Mauritius and UK

Reliance Mutual Fund, a part of the Reliance - Anil Dhirubhai Ambani Group, is one of the fastest growing mutual funds in the country. RMF offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 118 cities across the country.

Reliance Mutual Fund constantly endeavors to launch innovative products and customer service initiatives to increase value to investors. "Reliance Mutual Fund schemes are managed by Reliance Capital Asset Management Limited., a subsidiary of Reliance Capital Limited, which holds 93.37% of the paid-up capital of RCAM, the balance paid up capital being held by minority shareholders."

Reliance Capital Ltd. is one of India's leading and fastest growing private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital Ltd. has interests in asset management, life and general insurance, private equity and proprietary investments, stock broking and other financial services.

Sponsor: Reliance Capital Limited

Trustee: Reliance Capital Trustee Co. Limited

Investment Manager or Asset Manager: Reliance Capital Asset Management Limited

Statutory Details: The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act 1956.

Reliance Mutual Fund (RMF) has been established as a trust under the Indian Trusts Act, 1882 with Reliance Capital Limited (RCL), as the Settlor/Sponsor and Reliance Capital Trustee Co. Limited (RCTCL), as the Trustee.

RMF has been registered with the Securities & Exchange Board of India (SEBI) vide registration number MF/022/95/1 dated June 30, 1995. The name of Reliance Capital Mutual Fund has been changed to Reliance Mutual Fund effective 11th. March 2004 vide SEBI's letter no. IMD/PSP/4958/2004 date 11th. March 2004.#p#分頁標題#e#

Reliance Mutual Fund was formed to launch various schemes under which units are issued to the Public with a view to contribute to the capital market and to provide investors the opportunities to make investments in diversified securities

The main objectives of the Trust are:

To carry on the activity of a Mutual Fund as may be permitted at law and formulate and devise various collective Schemes of savings and investments for people in India and abroad and also ensure liquidity of investments for the Unit holders;

To deploy Funds thus raised so as to help the Unit holders earn reasonable returns on their savings and

To take such steps as may be necessary from time to time to realize the effects without any limitation.

Risk Factors: Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the capital markets. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of the future performance of the Scheme. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond their initial contribution of Rs.1 lakh towards the setting up of the Mutual Fund and such other accretions and additions to the corpus. The NAV of the Scheme may be affected, interalia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. All dividend distributions are subject to the availability of distributable surplus in the Scheme.

Vision Statement

To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance

Mission Statement

To create and nurture a world-class, high performance environment aimed at delighting our customers

Corporate Governance

Corporate Governance Policy:

Reliance Capital Asset Management Ltd. has a vision of being a leading player in the Mutual Fund business and has achieved significant success and visibility in the market.

However, an imperative part of growth and visibility is adherence to Good Conduct in the marketplace. At Reliance Capital Asset Management Ltd., the implementation and observance of ethical processes and policies has helped us in standing up to the scrutiny of our domestic and international investors.

Management:

The management at Reliance Capital Asset Management Ltd. is committed to good Corporate Governance, which includes transparency and timely dissemination of information to its investors and unit holders. The Board of Directors of RCAM is a professional body, including well-experienced and knowledgeable Independent Members. Regular Audit Committee meetings are conducted to review the operations and performance of the company.#p#分頁標題#e#

Employees:

Reliance Capital Asset Management Ltd. has at present, a code of conduct for all its officers. It has a clearly defined prohibition on insider trading policy and regulations. The management believes in the principles of propriety and utmost care is taken while handling public money, making proper and adequate disclosures.

All personnel at Reliance Capital Asset Management Ltd are made aware of their rights, obligations and duties as part of the Dealing Policy laid down in terms of SEBI guidelines. They are taken through a well-designed HR program, conducted to impart work ethics, the Code of Conduct, information security, Internet and e-mail usage and a host of other issues.

One of the core objectives of Reliance Capital Asset Management Ltd. is to identify issues considered sensitive by global corporate standards, and implement policies/guidelines in conformity with the best practices as an ongoing process.

Reliance Mutual Fund Schemes:

Equity/Growth Schemes

The aim of growth funds is to provide capital appreciation over the medium to long- term. Such schemes normally invest a major part of their corpus in equities. Such funds have
comparatively high risks. These schemes provide different options to the investors like dividend option, capital appreciation, etc. and the investors may choose an option depending on their preferences. The investors must indicate the option in the application form. The mutual funds also allow the investors to change the options at a later date. Growth schemes are good for investors having a long-term outlook seeking appreciation over a period of time.

Debt/Income Schemes

The aim of income funds is to provide regular and steady income to investors. Such schemes generally invest in fixed income securities such as bonds, corporate debentures, Government securities and money market instruments. Such funds are less risky compared to equity schemes. These funds are not affected because of fluctuations in equity markets. However, opportunities of capital appreciation are also limited in such funds. The NAVs of such funds are affected because of change in interest rates in the country. If the interest rates fall, NAVs of such funds are likely to increase in the short run and vice versa. However, long term investors may not bother about these fluctuations.

Sector Specific Schemes

These are the funds/schemes which invest in the securities of only those sectors or industries as specified in the offer documents. e.g. Pharmaceuticals, Software, Fast Moving Consumer Goods (FMCG), Petroleum stocks, etc. The returns in these funds are dependent on the performance of the respective sectors/industries. While these funds may give higher returns, they are more risky compared to diversified funds. Investors need to keep a watch on the performance of those sectors/industries and must exit at an appropriate time. They may also seek advice of an expert.#p#分頁標題#e#

Exchange Traded Funds (ETFs)

Exchange Traded Funds (ETFs) are usually passively managed mutual fund schemes tracking a benchmark index and reflect the performance of that index. These schemes are listed on the stock exchange and therefore have the flexibility of trading like a share on the stock exchange. It can also be looked as a security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange, thus experiencing price changes throughout the day as it is bought and sold.

Fixed Maturity Plans (FMPs)

Fixed Maturity Plans (FMPs) are basically debt oriented investment schemes with a pre-specified tenure offered by mutual funds. FMPs invest in a portfolio of debt instruments whose maturity coincides with the maturity of the concerned FMP. The primary objective of a FMP is to generate income while aiming to protect the capital by investing in a portfolio of debt and money market securities. Since FMPs are available with several maturity options, one can invest in the relevant plan depending upon his investment horizon and the requirement of cash flows.

Interval Fund / Fixed Maturity Plan

Reliance Interval Fund (A Debt Oriented Interval Scheme):

The investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.

Reliance Fixed Horizon Fund Plan C (A close-ended scheme):

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.

Reliance Fixed Horizon Fund - (A close-ended income scheme):

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.

Reliance Fixed Horizon Fund - (A closed-ended income scheme):

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.#p#分頁標題#e#

Reliance Fixed Horizon Fund (A closed-ended income scheme):

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.

Reliance Fixed Horizon Fund - (A closed-ended income scheme):

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.

Reliance Fixed Horizon Fund - (A closed-ended income scheme):

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.

Reliance Fixed Horizon Fund - (A closed-ended income scheme):

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.

Reliance Fixed Horizon Fund - (A closed-ended income scheme):

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.

Reliance Fixed Horizon Fund - (A closed-ended income scheme):

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.

Portfolio management services:

Overview

Reliance Portfolio Management Services is an exclusive offering from the portfolio management division of Reliance Capital Asset Management Ltd., a wholly owned subsidiary of Reliance Capital Ltd., Reliance Capital Asset Management Ltd. is also the investment manager for Reliance Mutual Fund schemes wherein it manages assets worth over Rs. 42,200 crores (as on Feb 28, 2007)#p#分頁標題#e#

Reliance Portfolio Management Services is a premium financial service, offering innovative & exclusive products through discretionary & advisory services. Our expertise has earned the trust of thousands of high net-worth individual/ institutional investors and created a family that is constantly growing. Reliance Portfolio Management Services can conduct your investments with true finesse coupled with passion and innovation.

Reliance Portfolio Management Services is a part of Reliance Capital Asset Management Ltd., a wholly owned subsidiary of Reliance Capital Ltd.

Reliance Capital Ltd. is one of India's leading and fastest growing private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth.

Reliance Capital Ltd. has interests in asset management, life and general insurance, private equity and proprietary investments, stock broking and other financial services

Organizational philosophy

When it comes to managing investments what one needs is the fine harmony and the scale of an orchestra. Essentially, this translates to a special kind of skill that understands the finer nuances and appreciates the subtle notes. Only then can the instrumentation deliver a consistently enhanced performance.

Now, you can get that kind of superior orchestration for your investment portfolio. Introducing Reliance Portfolio Management Services (Reliance PMS), a premium financial offering for select investors.

An exclusive service, where a diligent team of talented professionals with diverse skill sets orchestrate your investments to deliver optimum returns. And a consistently laudable performance.

Investmant philosophy

A rich canvas of melodies..

At Reliance PMS you can expect a multitude of innovative investment options to serve varying investment objectives.

The spectrum of asset classes traverses from the traditional asset classes, such as equities, fixed income or gold, to emerging ones, such as structured products or realty.

Their Aim:

To traverse the journey of your "wealth creation" with you by leveraging these asset options.

They constantly endeavor to deliver competitive returns through a conservative and a diligent fund management framework, that is supported by rigorous analysis and a proven investment
methodology

The keynotes to perfection "Minimizing Risks, Optimizing Gains"

All great scores being with a plan. To make beautiful music and surpass all expectations. Their strategy is quite similar.

An increasing investor base is a reflection of the trust that investors repose in us, which we respect. Hence the safety of our investors assets is of utmost priority and this is the foundation of our investment philosophy.#p#分頁標題#e#

At Reliance PMS, they view every portfolio with the diligence of a musician composing a new score. Fine-tuning. Enhancing. Improving. Constantly working towards superior orchestration of your portfolio. Naturally, this is only possible if the foundation is sound.

Strong investments, pure harmonies - what we believe in

Strong melodies call for a fine conductor. Reliance Portfolio Management Services can conduct your investments with utmost perfection. Our investment beliefs form the core of what we do.

Our foundation is based on five key elements: Canvas, Concentration, Cash and Flexibility, Customisation and Customer Service.

And it is with this rock solid base that we plan a fine crescendo for your investments

Reliance PMS - advantage: you

As a Reliance PMS customer, we get a lot more than just superior portfolio management. We get the advantage of a solid and reputable track record backed by the expertise of a sound and stable investment team.

Their philosophy lays considerable emphasis on an intensive research based, bottom-up, stock picking approach with a bias towards customizing the product offerings for our investors and business associates.

They strongly believe that our investments should be adaptable enough to succeed in any market situation. Which is why our investment philosophy revolves around a solid bottom-up approach.

So it's true, when you invest with Reliance PMS, it's certain that you will have all your investments in perfect sync.

The composer's score - fund management Process

All great scores begin with a plan. To make beautiful music and surpass all expectations. Their process is quite similar.

All potential investment opportunities are subjected to extensive research, which includes analysis of various macro and micro economic indicators, related to specific sector company and or industry.

This coupled with company visits and extensive interaction facilitates a data pool, which becomes the foundation of the process.

Following are various services or investment schemes offered by Reliance Portfolio Management:

1). Absolute freedom option:

This investment option is a highly flexible one with a very direct focus. To make the most of investment openings across a wide gamut of large cap, mid cap and small cap stocks.

The aim of this product is to deliver positive absolute returns. It plans to do this by focusing on research based value investing to cover potentially investment-worthy companies.

Investment Time Horizon: 3 years & more

Minimum Investment Amount :

Resident Indian: INR 1 Crore

Non Resident Indian: INR 2 Crores#p#分頁標題#e#

2). Large cap option:

This portfolio model endeavors to generate capital appreciation by investing in companies drawn primarily from the Top 250 companies. These companies are ranked on the basis of market capitalization.

The focus over here is on companies with a proven track record and a favorable medium to long-term outlook.

Investment Time Horizon: 3 years & more

Minimum Investment Amount :

Resident Indian: INR 1 Crore
Non Resident Indian: INR 2 Crores

3). Small & Mid cap option:

Capital appreciation through bottom up stock picking is of priority here with a special emphasis on the small and mid-cap space. Incisive and keen research is the backbone of this product.

A dedicated research team will initiate portfolio building by discovering businesses that are relatively new and less tracked.

Investment Time Horizon: 3 years & more

Minimum Investment Amount :

Resident Indian: INR 1 Crore

Non Resident Indian: INR 2 Crores

4). Concentrated option:

The investment objective of concentrated option is to achieve long term capital appreciation from equity and equity related investments.

This investment option endeavors to invest disproportionate corpus in large and mid cap high growth companies that would be able to compound wealth over medium to long term.

Investment Time Horizon: 3 years & more

Minimum Investment Amount:

Resident Indian:

Resident Indian: INR 1 Crore

Tranche 1: INR 50 Lacs

Tranche 2: INR 25 Lacs*

Tranche 3: INR 25 Lacs*

Non Resident Indian: INR 1 Crores

5). Emerging sector opportunity option: The Trinity Option which is a part of Emerging Sector Opportunity Option shall invest in a combination of sectors in order to cater to specific investor requirements and market conditions. The Trinity Series will look at investment opportunities in Natural Resources, Infrastructure & Capital Goods and Financial Services.

The "Trinity Series" offer the investors an opportunity to be part of the emerging sectors which would be the engines of growth and key drivers of the Indian economy

Investment Time Horizon: 3 years & more

Minimum Investment Amount :

Resident Indian: INR 1 Crore

Non Resident Indian: INR 1 Crores

Fixed income schemes under portfolio management services:

All Season Debt Shield

Aggressive Returns Option:

A highly flexible investment option, which offers a diversified investment portfolio across ratings and the yield curve.#p#分頁標題#e#

Fixed Maturity Option:

A relatively protective investment option with investments predominantly locked for the duration of the scheme. In certain scenarios, there might be partial redemption allowed, without a significant impact on the portfolio returns.

Liquidity Option:

The underlying tone of this investment option is to essentially provide the investors with superior returns as compared to traditional open-ended money market schemes.

Blended Debt Plus

Best of Funds Option

Under this option, investments shall be made in units of different mutual funds. This option is designed to achieve even greater diversification than traditional mutual funds.

Structured products solution:

Structured Products are Investment instruments that combine at least one derivative with assets such as equity and fixed income securities. Such products are fast emerging as an alternate asset class among HNI/ Institutional investors providing opportunities that capture potential upsides of the equity universe with capital protection.

Customized solutions:

At Reliance -

PMS believe in delivering more than what the customer expects, customized solutions are just a step towards it.

Customized solutions are investments specially created to meet needs that cannot be met from the standardized financial instruments available in the market.

Customized solutions capture the characteristics of traditional and nontraditional investments with financial instruments. The strategic combination of these components provides control and flexibility to address those investors whose investment objective is not met through traditional investments available.

AMC (Asset Management Company) of Reliance Mutual fund:

A company that invests its clients' pooled fundinto securities that match its declared financial objectives. Asset management companies provide investors with more diversification and investing options than they would have by themselves.

Mutual funds, hedge funds andpension plans are all run by asset management companies. These companies earn income by charging service fees to their clients.

AMCs offer their clients more diversificationbecause they have a larger pool of resources than the individual investor.Pooling assets together and paying out proportional returns allows investors to avoid minimum investment requirements often required when purchasing securities on their own,as well as the ability toinvest in a larger set of securities with a smaller investment

AMC has to discharge mainly three functions as under:#p#分頁標題#e#

Taking investment decisions and making investments of the funds through market dealer/brokers in the secondary market securities or directly in the primary capital market or money market instruments

Realize fund position by taking account of all receivables and realizations, moving corporate actions involving declaration of dividends,etc to compensate investors for their investments in units; and

Maintaining proper accounting and information for pricing the units and arriving at net asset value (NAV), the information about the listed schemes and the transactions of units in the secondary market. AMC has to feed back the trustees about its fund management operations and has to maintain a perfect information system.

Structure of AMC:

RCAM has been appointed as the Asset Management Company of Reliance Mutual Fund by The Trustee vide Investment Management Agreement (IMA) dated May 12, 1995 and executed between Reliance Capital Trustee Co. Limited and Reliance Capital Asset Management Ltd. and amended on August 12, 1997 in line with SEBI (Mutual Funds) Regulations, 1996).

Reliance Capital Asset Management Ltd.(RCAM) is an unlisted Public Limited Company incorporated under the Companies Act, 1956 on February 24, 1995, having its registered office at "Reliance House", Near. Mardia Plaza, Off. C.G. Road, Ahmedabad, 380 006 and its Corporate Office at One Indiabulls Centre, Tower 1, Jupiter Mills Compound , 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013.

Directors of the company include Amitabh Jhunjhunwala, a senior executive of ADAG.

Amitabh Chaturvedi is the managing director of the AMC.

As of end August 2006, Reliance mutual fund has Rs 28,753 crore of assets under management. Reliance Equity Fund, launched by Reliance MF in early 2006, is the largest mutual find scheme in the country with a fund size of over Rs 5,500 crore.

The net worth of the Asset Management Company based on audited accounts as on March 31, 2009 is Rs. 841.32 Crore.

Here is a list of mutual funds of Reliance which includes Debt/Income Funds , Equity Funds and Sector Specific Funds.

Latest NAV

Scheme Name NAV (Net Asset Value) Date

Reliance Medium Term Fund-Retail Plan - Growth Plan Bonus Option 13.4254 03-Dec-2009

Reliance Medium Term Fund-Retail Plan - Growth Plan Growth Option 18.7981 #p#分頁標題#e#03-Dec-2009

Reliance Medium Term Fund-Retail Plan - Monthly Dividend Plan 10.3827 03-Dec-2009

Reliance Medium Term Fund-Retail Plan - Quarterly Dividend Plan 10.8016 03-Dec-2009

Reliance NRI Income Fund-Dividend Plan-Dividend Option 11.8741 03-Dec-2009

Reliance NRI Income Fund-Growth Plan-Growth Option 11.8741 03-Dec-2009

Reliance Short Term Fund-Dividend Re-investment Plan 10.6417 03-Dec-2009

Reliance Short Term Fund-Growth Plan 17.1406 03-Dec-2009

Reliance Short Term Fund-Quarterly Dividend Plan 13.5299 03-Dec-2009

Reliance Banking Fund-Dividend Plan-Dividend Option 31.2926 03-Dec-2009

Reliance Banking Fund-Growth Plan-Bonus Option 78.4123 03-Dec-2009

Reliance Banking Fund-Growth Plan-Growth Option 78.4123 03-Dec-2009

Reliance Diversified Power Sector Fund-Dividend Plan-Dividend 47.6648 03-Dec-2009

Reliance Diversified Power Sector Fund-Growth-Bonus 76.6486 03-Dec-2009

Reliance Diversified Power Sector Fund-Growth-Growth 76.6486 03-Dec-2009

Reliance Equity Fund-Dividend Plan-Dividend Option 15.1151 03-Dec-2009

Reliance Equity Fund-Growth Plan-Bonus Option 15.1151 #p#分頁標題#e#03-Dec-2009

Reliance Equity Fund-Growth Plan-Growth Option 15.1151 03-Dec-2009

Reliance Equity Opportunities Fund-Dividend Plan-Dividend Option 19.3456 03-Dec-2009

Reliance Equity Opportunities Fund-Growth Plan-Bonus Option 27.3863 03-Dec-2009

Reliance Equity Opportunities Fund-Growth Plan-Growth Option 27.3863 03-Dec-2009

Reliance Growth Fund-Dividend Plan-(D) 53.3177 03-Dec-2009

Reliance Growth Fund-Growth Plan-Bonus Option 68.9535 03-Dec-2009

Reliance Growth Fund-Growth Plan-Growth Option 415.6732 03-Dec-2009

Reliance Media & Entertainment Fund-Dividend Plan-Dividend Option 18.0409 03-Dec-2009

Reliance Media & Entertainment Fund-Growth Plan-Bonus Option 25.0919 03-Dec-2009

Reliance Media & Entertainment Fund-Growth Plan-Growth Option 25.0919 03-Dec-2009

Reliance NRI Equity Fund-Dividend Plan-Dividend Option 20.382 03-Dec-2009

Reliance NRI Equity Fund-Growth Plan-Bonus Option 34.2542 03-Dec-2009

Reliance NRI Equity Fund-Growth Plan-Growth Option 34.2542 03-Dec-2009

Reliance Pharma Fund-Dividend-Dividend 31.2834 03-Dec-2009

Reliance Pharma Fund-Growth Plan-Bonus 41.9474 #p#分頁標題#e#03-Dec-2009

Reliance Pharma Fund-Growth Plan-Growth 41.9474 03-Dec-2009

Reliance Regular Savings Fund-DEBT OPTION -Growth Option 12.4072 03-Dec-2009

Reliance Regular Savings Fund-EQUITY OPTION-Growth Option 27.3386 03-Dec-2009

Reliance Regular Savings Fund-BALANCED OPTION-Growth Option 18.9998 03-Dec-2009

Reliance Vision Fund-DIVIDEND PLAN-D 42.6779 03-Dec-2009

Reliance Vision Fund-GROWTH PLAN-Bonus Option 41.431 03-Dec-2009

Reliance Vision Fund-GROWTH PLAN-Growth Option 246.6464 03-Dec-2009

Reliance Liquidity Fund-Bonus Plan-Bonus Option - 5-Jan-2006

Reliance Liquidity Fund-Dividend Plan-Daily Dividend Reinvestment 10.0031 03-Dec-2009

Reliance Liquidity Fund-Dividend Plan-Monthly Dividend Plan 13.6835 03-Dec-2009

Reliance Liquidity Fund-Dividend Plan-Weekly Dividend Reinvesment 10.0086 03-Dec-2009

Reliance Liquidity Fund-Growth Plan-Growth Option 13.6835 03-Dec-2009

Reliance Tax Saver (ELSS) Fund-Dividend Plan-Dividend Option 13.6406 03-Dec-2009

Reliance Tax Saver (ELSS) Fund-Growth Plan-Growth Option 17.4974 03-Dec-2009

Reliance Gold Exchange Traded Fund-Dividend Payout Option 1752.9959#p#分頁標題#e# 03-Dec-2009

Working of AMC:

RCAM has been registered as a Portfolio Manager vide SEBI Registration No. INP000000423 and renewed effective 1st August, 2006.

Investment Management, also known as Asset Management is simply the managing of client's money. Investment Management is known as the other side of the finance business. They are the “buy side.” Unlike, Investment Bankers, who create stocks and bonds for others to buy, investment managers buy the stocks and bonds for clients in attempts to produce maximum growth. Investment Bankers advise and inform managers of new stocks or bonds being issued along with the research behind the companies or institutions offering the stocks. The manager then decides whether to buy or not from the investment banker. The investment banker gets a commission for carrying out the trade of stock or bond. The investment manager gets paid based on the amount of money he is managing for a client but gets paid whether or not he gains or loses money. Asset Management companies typically look for investment bankers because they have quantitative analysis skills, which are necessary to evaluate companies. Management consultants are also valued because they are able to quickly immerse themselves and get to know a given industry.

The AMC has also been rendering advisory services in respect of ‘Emergent India Investment Limited', an offshore fund for investment in India.

RCAM has commenced these activities. It has been ensured that key personnel of the AMC, the systems, back office, bank and securities accounts are segregated activity wise and there exists systems to prohibit access to inside information of various activities. As per SEBI Regulations, it will further ensure that AMC meets the capital adequacy requirements, if any, separately for each such activity.

However, there is no conflict of interest between various business activities carried on by Asset Management Company.

RELIANCE EQUITY FUND-GROWTH:

Reliance Equity Fund is an Open-Ended Equity Growth Scheme.

Reliance Equity Fund is an aggressive diversified equity scheme

Reliance Equity Fund is to seek to generate capital appreciation and provide long term growth opportunities by investing in a portfolio constituted of equity securities and equity related
securities.

The fund has a high portfolio turnover ratio.

It has Instrument type such as Equity & Equity related Instruments and Debt & Money Market Instruments.

INTRODUCTION OF ICICI PRUDENTIAL MUTUAL FUND:

An overview of ICICI Prudential Mutual Fund:

ICICI Prudential Mutual Fund was set up in May, 1998 and it has the parentage of ICICI Bank as well as of Prudential plc. ICICI Prudential Mutual Fund has attained an important position in the Mutual Fund industry in India. This mutual fund company has started a large number of schemes so that it can meet the different investment needs of its investors.#p#分頁標題#e#

The total assets under the management of ICICI Prudential Asset Management Co. Ltd. came to around Rs. 160 crores in May 1998. The total number of funds that ICICI Prudential Mutual Fund managed in December, 2007 was 35 and the total assets under its management stood at about Rs. 56,820.11 crores.

Key Information

Mutual Fund ICICI Prudential Mutual Fund

Setup Date Oct-13-1993

Incorporation Date Jun-22-1993

Sponsor Prudential Plc and ICICI Bank Ltd.

Trustee ICICI Prudential Trust Ltd.

Chairman Mr. K. V. Kamath

CEO / MD Mr. Nimesh Shah

CIO Mr. Nilesh Shah

Compliance Officer Mr. Ranganath Athreya

Investor Service Officer Ms. Kamaljeet Saini

Assets Managed Rs. 82138.97 crore (Nov-30-2009)

Other Details

Auditors M/s N. M. Raiji & Company

Custodians HDFC Bank Limited

Registrars Computer Age Management Services Pvt. Ltd.

 

AMC ICICI Prudential Asset Management Co. Ltd.

Objective The Scheme seeks to generate regular returns through investments made in Gilts.

Asset (Rs 84.22 crore)( October 31, 2009)

Various schemes launched by ICICI Prudential Mutual Fund are:

ICICI Prudential Liquid Plan

ICICI Prudential Long Term

ICICI Prudential GILT Fund- Investment Option

ICICI Prudential Flexible Income Plan

ICICI Prudential Child Care Plan

ICICI Prudential Monthly Income Plan

ICICI Prudential Growth Plan

ICICI Prudential Discovery Fund

ICICI Prudential Infrastructure Fund

Major locations of the branch offices of ICICI Prudential Mutual Fund are:

Chandigarh

Ahmadabad

Chennai#p#分頁標題#e#

Goa

Cuttack

Bhubaneswar

Guwahati

Fund Facts

We are unique - and that's why what's right for someone else may not be right for us. So is the case with our investment needs. As an investor we could be very cautious or very aggressive or someone who would like to maintain a balance

ICICI Prudential Mutual Fund, understand this reality and therefore to meet the investment needs of different kinds of investors we offer a range of solutions that enable them to create a portfolio of the tenor, return and risk that they desire.

On the debt market side, from simple parking solutions for efficient utilization of each rupee for each day, to long term interest rate view-based products, their range spans varying time
horizons and incomes. Their debt products are managed to minimize liquidity & credit risks and also manage interest rate risks. They come with periodic dividend and growth options to enable you to choose your income streams in a manner most efficient for your needs.

On the equity market side, their equity funds offer a choice of size, sectors, themes and styles to enable participation in the broad market and its segments.

The chart below plots schemes offered by ICICI Prudential Mutual Fund on a risk-return scale that helps you zero-in on the relevant schemes that match your risk taking ability and the returns you

ICICI Prudential Long Term Floating Rate Plan

Much as we may dislike it, interest rates change constantly in response to changes in the underlying fundamentals. Every change in interest rates impacts the value of our fixed income portfolio i.e increase in rates reduces the value of what we hold, and vice versa. If interest rates on instruments in the portfolio keep getting reset according to the prevailing market rates, we may be able to focus on the interest income, without undue worry about its impact on our portfolio value. ICICI Prudential Long Term Floating Rate Plan enables such a focus on interest rates, creating a portfolio that responds to these changes and minimizes their impact. ICICI Prudential Long Term Floating Rate Plan further extends this benefit by tapping into products whose interest rates are benchmarked to longer term rates.

Investment Philosophy

ICICI Prudential Long Term Floating Rate Plan is a debt fund that invests predominantly in debt securities with a floating rate of interest. The majority of floating rate instruments in the portfolio are benchmarked to the 1 year INBNK rate and the rest are benchmarked to a short term rate like the Mibor with resets taking place at 3 month / 6 month intervals. This also ensures that the portfolio has limited interest rate risk. The portfolio also invests in fixed rate securities, but spreads out its investments such that parts of the portfolio mature regularly, enabling redeployment at newer rates. The portfolio also uses the interest rate swap market to swap fixed rates for floating rates. During times of increases in interest rates, the Plan enables focus on the interest income, rather than losses in portfolio value.#p#分頁標題#e#

Benefits

ICICI Prudential Long Term Floating Rate Plan offers the following key benefits:

Focus on accrual income that derives from floating rate instruments.

Reduced interest rate risk of longer term instruments.

Performance

See performance for the fund in the graph below:

Investor Profile

Investors who believe that interest rates in the short to medium term could increase.

Investors who prefer floating rate interest income, over gains / losses from changes in portfolio value

This fund is ideal for:

ICICI Prudential Income Plan

Our need to keep some money in fixed return instruments stems from a need to earn regular income, or from an aversion to risk. ICICI Prudential Income Plan is for those investors who seek to deploy part of their funds in fixed income products as a conscious investment option.

The fund enables you to earn a total return-made up of both interest income and changes in the value of capital, a facility that comes only with debt funds that do not restrict themselves to generating merely interest income. As market interest rates change, the value of your portfolio also changes, creating a total return portfolio in debt securities.

Benefits:

ICICI Prudential Income Plan offers the following key benefits:

Strategic deployment of funds in the debt markets as part of an overall asset allocation to fixed income securities.

Participation in markets that are large and institution-dominated.

Potential to earn total return from both interest and capital gains, with the attendant risks of capital loss as well.

See performance for the fund in the graph below:

Investor Profile

This fund is ideal for:

Investors seeking exposure to long term debt markets.

Investors seeking to earn total return rather than interest income alone.

Investors seeking to participate in a portfolio of debt securities over the long term.

ICICI Prudential Child Care Plan

Give Your Child the license to dream

Our child wants to be a surgeon one day, an astronaut the next day and may be a fashion designer the day after. So small - yet children dream so big, even if the dream changes every day.
Education, however, is fast becoming a very expensive proposition for which you need to start planning from today. Even as your child takes off on his/her flights of fancy, you need to be firmly rooted on the ground, managing your financial resources so as to give your child the best education.#p#分頁標題#e#

ICICI Prudential Child Care Plan is an investment instrument specially designed to help you give your child a head start in life. It offers two options - Gift and Study, for the differing needs of parents with children in differing age groups.

Gift Option (Suitable if your child is in age group of 1-13 years.)

Study Option (Suitable if your child is in age group of 13-17 years.)

Investment Philosophy

This plan normally invests 65-100% of your money in equity and equity related securities. The other 0-35% is normally invested in debt securities to seek stability to your investments.

 

Debt Equity

 

ICICI Prudential Child Care Plan - Gift offers the following key benefits:

Scholarship Program: We have specially designed a scholarship programme to provide financial assistance to deserving and meritorious students to pursue their higher education.

 

Personal Accident Cover (for resident applicants): Till your child attains the age of 18 or till units are redeemed (whichever is earlier), you as her parent / legal guardian will be eligible for a
Personal Accident Cover equivalent to 10 times the value of the Units you have purchased (value at purchase price) subject to a maximum of limit of Rs. 5 lakhs

See performance for the fund in the graph below:

This fund is ideal for:

Consider this plan if your child is in the age group of 1-13 years and you are looking to save over a long term horizon

ICICI Prudential FMCG Fund

It is not always the case that we like our investments to be diversified across sectors. There are times when we believe that a particular sector might do better than the others, and therefore choose to increase your exposure to that sector. Sector funds enable spiking a diversified portfolio with sharper sectoral focus, as a strategic means to managing their asset allocation.

ICICI Prudential FMCG Fund is a diversified sector fund that invests in companies which are benefiting from the consumption boom in the Indian economy.

Investment Philosophy

ICICI Prudential FMCG Fund is an open-ended equity fund, that predominantly invests in companies with a retail and consumption focus. The portfolio is made up of fewer number of scrips, chosen to reflect the prospects of the FMCG sector. Within the broad definition of the sector, scrips are held across sub sectors like food, retail distribution, apparel, and consumables. A smaller allocation to other sectors is permitted, purely for defensive considerations. The fund adopts a bottom-up stock selection strategy to choose its investments.#p#分頁標題#e#

Benefits

ICICI Prudential FMCG Fund offers the following key benefits:

Enables the investor to allocate his equity assets according to his sectoral preferences and use the fund to implement his views on the sector.

The fund also enables investors to diversify in terms of style into sharply focused thematic fund investing in FMCG sector.

See performance for the fund in the graph below:

Investor Profile

This fund is ideal for:

Investors who like to sacrifice some diversification, in the interest of pursuing a sector strategy.

Investors who view the fund in the context of their existing portfolio, rather than choose the fund as a stand alone product.

Investors who prefer the FMCG sector for their investments.

 

Systematic investing:

One of the simplest and most sensible ways of investing, especially when you are just starting off on your Investment journey is to use the Systematic Investing Option.

ICICI Prudential Mutual Fund allows you to invest systematically through the following 3 different systematic investing options which allow you to make your transactions - whether purchasing a new fund, transferring between funds or redeeming from a fund - in a systematic and disciplined manner.

1. ICICI Prudential Systematic Investment Plan (ICICI Prudential SIP)

ICICI Prudential SIP allows you to make your investments in periodic installments instead of a lump sum amount. This has the following advantages:

It helps you start small, with as low as Rs. 1000 per month.

It helps you reduce the risk of mistiming the market.

It helps you buy more units when the market is down and fewer units when the market is up. Thus reducing the cost of entry.

2. ICICI Prudential Systematic Transfer Plan (ICICI Prudential STP)

ICICI Prudential STP allows you to make a lump sum investment in a money-market or a debt oriented ICICI Prudential Scheme and subsequently transfer partial amounts to any equity oriented ICICI Prudential Scheme at regular intervals. This way your money continues to earn while it waits to be fully deployed in the equity scheme of your choice. You can choose from three frequencies(weekly, monthly and quarterly) if you wish to transfer your investments from one scheme to another.

3. ICICI Prudential Systematic Withdrawal Plan (ICICI Prudential SWP)

ICICI Prudential SWP operates like the reverse of ICICI Prudential SIP. It allows you to systematically withdraw your existing investment in a ICICI Prudential Mutual Fund scheme by redeeming your units in periodic installments instead of all at one go. As in the case of the SIP, this helps you reduce your risk of mistiming your exit from a particular scheme.#p#分頁標題#e#

Portfolio management services:

ICICI Prudential Portfolio Managers, a division of ICICI Prudential Asset Management Company, is created especially to meet the investment needs of a select clientele who require focused portfolios.

As Portfolio Managers, they endeavor that every portfolio created by them reflects the values on which ICICI Prudential has been built. A commitment towards transparency and service. Add to that, a strong research driven investment process.

Since the aim is to create a portfolio that suits our requirements, they will first try and understand our needs and investment objectives and on that basis offer us portfolios that best suit our objectives.

Information and accessibility is the key

By providing us with information that is updated on a daily basis and unmatched interactivity, a whole new era in portfolio management has now been ushered in. A first in the industry; via a password protected website, we will have access to :

A portfolio disclosure statement where the entire portfolio will be disclosed. ·

A financial summary comprising the Income Statement and Balance Sheet. ·

A detailed client account statement that allows you to track your inflows and outflows. ·

A transaction statement listing all the transactions made. · Calculations of capital gains ·

Comprehensive performance tracking

Convenience and customization through their services:

One more advantage of being with them is that we will have a team to support us. Initially, we will interface with a Customer Relationship Manager - your one point contact, and a personal
Portfolio Manager - our portfolio investment guide, to discuss in depth and understand our investment objectives, our risk-return appetite and establish required service levels. On the basis of this, they shall evolve a portfolio that is best-suited for us.

Thereafter, their Customer Relationship Manager will periodically interact with us for any other clarifications and services that may require.

Product Range:

Aggressive Portfolio

This portfolio is aimed at investors who are looking for higher returns. The portfolio is constructed with a value-orientation and with adequate diversification, but which will at times take on certain aggressive positions. Depending on the market conditions these could include a greater exposure to high beta / mid-cap / illiquid stocks, an exposure in momentum stocks etc.

Dividend Yield Portfolio

This portfolio endeavours to generate superior risk-adjusted returns through a combination of dividend income and capital appreciation. This portfolio may be considered appropriate for investors with a relatively low risk appetite, who wish to earn potentially higher returns, offered through the equity markets. It is also suitable for investors looking for tax-efficient investment options that offer the scope for high-returns. Investments are proposed to be made primarily in stocks that offer an attractive dividend yield. Portfolio Manager seeks to pay particular attention to the dividend track record, sustainability of free cash flows / dividends, industry prospects, management quality, business fundamentals etc., with an attempt to include only high-quality companies in the portfolio.#p#分頁標題#e#

Deep Value Portfolio

The objective of the portfolio is to generate returns over the long term, by investing in a diversified portfolio of undervalued stocks. Various parameters may be used to judge the degree of under valuation of the stocks including, but not limited to, price/earnings (p/e), price/book (p/book), dividend yield (DY), price/cash flow, replacement cost, valuations relative to history/sector/markets, etc. Due attention will be paid to qualitative parameters such as management quality, industry prospects, liquidity etc.

The Focused Portfolio

The Focused Portfolio endeavours to generate capital appreciation by taking concentrated positions in stocks and sectors. Greater concentration of the portfolio will increase both the risks and potential returns from the portfolio. The Focused Portfolio is not limited by any particular theme / sector / market capitalization and has the flexibility to choose between stocks across themes / sectors / investment styles

Preservation of Investment Amount (Asset Shield)

In addition to the above portfolios, the Portfolio Manager also offers products to meet specific objectives such as products endeavouring to preserve Investment Amount. Portfolio Manager would endeavour preservation of a certain percentage of the Investment Amount by investing in a mix of fixed income andequity derivatives (these could include both call and put options on indices or individual stocks) in such a manner so that the same endeavours to preserve the stated percentage of the Investment Amount while attempting to enhance returns by the use of equity derivatives. Arbitrage opportunities between the cash and futures market may also be undertaken (more specifically described in the section below) as part of the fixed income component. Herein the portfolio is invested in a mix of fixed income mutual funds / securities and equity derivatives in such a manner so that the same endeavours to preserve the stated percentage of the Investment Amount while at the same time an attempt would be made to enhance returns by the use of equity derivatives.

Infrastructure Portfolio

The infrastructure portfolio will invest in companies that are directly or indirectly linked to the infrastructure theme. This could include sectors such as construction, capital goods, power, cement, metals, banking, logistics and other related sectors/sub-sectors.

Diversified Portfolio

The portfolio will have a defined tenure. The Portfolio Manager has discretion to invest in a combination of different asset classes including but not limited to listed equities, equity related instruments, or other unlisted securities/instruments (private equity) including but not limited to units issued by SEBI Registered Venture Capital Funds and money market instruments. The terms of tenure of the product, subscription and redemption etc. will be as per the agreement executed with the Investor.#p#分頁標題#e#

AMC (Asset Management Company) of ICICI

PRUDENTIAL MUTUAL FUND:

ICICI Prudential Mutual Fund's Asset Management Company (AMC) is ICICI Prudential Asset Management Co. Ltd. ICICI Prudential Asset Management Company, a joint venture between Prudential, U.K.'s leading insurance company and ICICI Bank Ltd., India's largest private sector bank, is the investment manager for ICICI Prudential Mutual Fund. ICICI Prudential Mutual Fund is the largest and amongst the fastest growing mutual funds in the country with a rapidly growing family of over 14.50 lakh investors.

The objective of ICICI Prudential Asset Management Co. Ltd. is to provide distribution of income and also capital appreciation to the shareholders by investing mainly in equity that is related to the shares of the companies that belong to the development of infrastructure and the rest in debt shares and instruments of money market that includes call money. The total asset of ICICI Prudential Asset Management Co. Ltd amounted to Rs. 4783.65 crores as on 31st December.

Prudential Plc holds 55 per cent of the asset management company and the balance by ICICI Bank. In a span of just over six years, Prudential ICICI Asset Management Company has emerged as one of the largest asset management companies in the country.

The Company manages a comprehensive range of schemes to meet the varying investment needs of its investors spread across 68 cities in the country. The management is headed by Pankaj Razdan, managing director and the fund management team is headed by Nilesh Shah, chief investment officer.

Here is a list of mutual funds of Prudential ICICI which includes Equity Funds, Balanced Funds and Debt Fund:

Latest NAV

Scheme Name NAV (Net Asset Value) Date

ICICI Prudential Child Care -Study Plan 25.4292 04-Dec-2009

ICICI Prudential Child Care- Gift Plan 47.40 04-Dec-2009

ICICI Prudential Flexible Income Plan Premium-Daily Dividend Plan 105.7350 04-Dec-2009

ICICI Prudential Flexible Income Plan Premium-Weekly Dividend Plan 105.4473 04-Dec-2009

ICICI Prudential Flexible Income Plan Premium-Growth #p#分頁標題#e#168.7494 04-Dec-2009

ICICI Prudential Gilt Fund Investment Plan PF Option 18.1512 04-Dec-2009

ICICI Prudential MIP-Cumulative 23.7857 04-Dec-2009

ICICI Prudential MIP-Dividend-Half Yearly 12.3215 04-Dec-2009

ICICI Prudential MIP-Dividend-Monthly 11.4345 04-Dec-2009

ICICI Prudential MIP-Dividend-Quarterly 12.2172 04-Dec-2009

ICICI Prudential Services Industries Fund-Dividend Plan 11.66 04-Dec-2009

ICICI Prudential Services Industries Fund-Growth Plan 15.50 04-Dec-2009

ICICI Prudential Discovery Fund - Institutional Option - I - Growth 17.13 04-Dec-2009

ICICI Prudential Discovery Fund-DIVIDEND OPTION 19.20 04-Dec-2009

ICICI Prudential Discovery Fund-GROWTH OPTION 38.90 04-Dec-2009

ICICI Prudential Dynamic Plan-Dividend Option 17.8967 04-Dec-2009

ICICI Prudential Dynamic Plan-Growth Option 88.6655 04-Dec-2009

ICICI Prudential Dynamic Plan-Institutional Option - I 13.7599 04-Dec-2009

ICICI Prudential Emerging Star Fund - Institutional Option - I 11.65 04-Dec-2009

ICICI Prudential Emerging Star Fund-Dividend 15.78 #p#分頁標題#e#04-Dec-2009

ICICI Prudential Emerging Star Fund-Growth 28.87 04-Dec-2009

ICICI Prudential Equity & Derivatives Fund-Income Optimiser Plan-Institutional Dividend Option 10.49 04-Dec-2009

ICICI Prudential Equity & Derivatives Fund-Income Optimiser Plan-Institutional Growth Option 12.60 04-Dec-2009

ICICI Prudential Equity & Derivatives Fund-Income Optimiser Plan-Retail Dividend Option 10.39 04-Dec-2009

ICICI Prudential Equity & Derivatives Fund-Income Optimiser Plan-Retail Growth Option 12.50 04-Dec-2009

ICICI Prudential Equity & Derivatives Fund-Wealth Optimiser Plan-Retail Dividend Option 11.44 04-Dec-2009

ICICI Prudential Equity & Derivatives Fund-Wealth Optimiser Plan-Retail Growth Option 12.07 04-Dec-2009

ICICI Prudential FMCG Plan-Dividend Option 31.17 04-Dec-2009

ICICI Prudential FMCG Plan-Growth Option 52.32 04-Dec-2009

ICICI Prudential Growth Plan- Institutional Option - I - Growth 16.61 04-Dec-2009

ICICI Prudential Growth Plan-Dividend Option 19.58 04-Dec-2009

ICICI Prudential Growth Plan-Growth Option 119.60 04-Dec-2009

ICICI Prudential Index Fund 47.1625 04-Dec-2009

Comparative study of Reliance and ICICI Prudential Mutual Fund:

Both the mutual funds are India's top most mutual funds in India. Both of them have a large market share in Indian mutual fund industry. But if we compare both of them then Reliance have the more market share then ICICI Prudential mutual fund. It can be shown with the following chart which on the basis of their market share:#p#分頁標題#e#

Now from the above it is very clear that Reliance mutual fund has 16.39 % market share whereas ICICI prudential has only 9.83 % market share. And after such largest market share,
Reliance mutual fund has become the top most mutual funds in Indian industry. In March, 2006, the Reliance mutual fund emerged as the largest private sector fund house in the country, overtaking Prudential ICICI which has been holding that position for many years.

We can also compare them on the basis of NAV of last 5 years and give them ranks which can be shown as follows:

Top 10 Funds -Period(Last 5 Years)

 

Rank Scheme Name Date NAV (Rs.) Last 5 Years %

1 Reliance Diversified Power Sector Fund - Growth Dec 4 , 2009 76.5693 45.6041

2 Reliance Growth - Growth Dec 4 , 2009 414.8059 32.7926

3 SBI Magnum Tax Gain Scheme 93 - Growth Dec 4 , 2009 56.59 32.7603

4 SBI Magnum Sector Umbrella - Contra Fund - Growth Dec 4 , 2009 54.47 32.754

5 Sundaram BNP Paribas Select Midcap - Growth Dec 4 , 2009 132.0091 32.5712

6 SBI Magnum Multiplier Plus 93 - Growth Dec 4 , 2009 73.28 30.2626

7 Reliance Banking Fund - Growth #p#分頁標題#e#Dec 4 , 2009 77.7619 30.2353

8 HDFC Equity Fund - Growth Dec 4 , 2009 229.298 30.1271

9 HDFC Top 200 - Growth Dec 4 , 2009 178.938 29.8821

10 ICICI Prudential Dynamic Plan - Growth Dec 4 , 2009 88.6655 29.6373

 

According to this ranking also reliance stood in the first position in terms of net asset value with the total value worth Rs. 414.8059.

Now if we talk about their schemes, both of them have the different investment schemes for different purposes like growth, fixed income etc.

Like I have earlier shown the chart of ICICI schemes which is as follows:

And Reliance has basically following schemes:

Sector Specific Schemes

Debt/Income Schemes

Equity/Growth Schemes

Fixed Maturity Plans (FMPs)

On the other hand we can also compare them on the following basis:

Top of Form

Bottom of Form

 

SnapShot Performance Risk & Volatility Investment Details NAV Details

Fund Name Launch Date Category Rating Risk Grade Return Grade 1 Year

Return Expense

Ratio

ICICI Prudential Growth 1998-06Jun-1998 Equity-Diversified#p#分頁標題#e# 3 Star below Average Average 86.64 2.33

Reliance Growth 1995-10Oct-1995 Equity-Diversified 5 Star Average Above Average 111.72 1.81

 

Fund Name 1-Month

Return (%) 1-Month

Rank 6-Month

Return (%) 6-Month

Rank 1-Year

Return (%) 1-Year

Rank 3-Year

Return (%) 3-Year

Rank 5-Year

Return (%) 5-Year

Rank

ICICI Prudential Growth 10.68 187 19.08 145 86.64 162 8.49 85 24.50 38

Reliance Growth 13.49 55 24.27 84 111.72 59 #p#分頁標題#e#16.66 15 32.89 1

 

Fund Name NAV As on Chg. from

previous 52 Weeks

High As on 52 Weeks

Low As On

ICICI Pru Growth-G 120.03 Dec 3, 2009 0.04 120.17 Dec 1, 2009 63.32 Mar 9, 2009

Reliance Growth-G 415.67 Dec 3, 2009 2.91 415.67 Dec 3, 2009 183.38 Mar 9, 2009

Conclusion:

So from the above we can conclude that a Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. Mutual Fund is a mechanism for pooling the resources by issuing units to the investors and investing funds in securities in accordance with objectives as disclosed in offer document. The main objective of mutual funds is to provide an opportunity for lower income groups to acquire without much difficulty, property in the form of shares.

And as I already told that Reliance mutual fund and ICICI Prudential mutual fund both are growing at a very fast pace. And both are contributing a lot in the Indian financial sector and to the Indian economy.

But Reliance mutual fund is growing at a more rate than ICICI Prudential mutual fund.