Skip to main content

Mutual Fund Review: Reliance Quant Plus Retail

 

The nice thing about Reliance Quant Plus Retail is its simplicity. Even better is its returns…

Reliance Quant Plus Retail is extremely simple to understand. The fund focuses on the constituents of the Nifty, where there are 50 stocks. However, don't mistake it for an index fund. This is a concentrated equity portfolio actively selected from a very limited universe. The equity component varies between 90-100 per cent of the portfolio, while the balance is in debt and money market instruments.

 

Since it's a quant fund, it is not fund manager discretion that eventually leads to portfolio construction. The quant model shortlists around 15-20 stocks which belong to the Nifty. These stocks are thrown up by a mathematical model which looks at the four broad parameters of valuations (1-year Forward Earnings, Book Value, Price Earnings Growth), earnings (earnings momentum, growth, recommendation change), price (Relative Strength Index, price momentum, overbought, oversold) and quantity (Return on Equity, market capitalisation, liquidity, volatility).

 

The screening takes place at a pre-determined time, which is on a weekly basis. Since the universe is limited to just 50 stocks, this fund targets investors seeking capital appreciation and growth vis-à-vis the Nifty. Its basic aim is to outperform the Nifty in all market conditions. Going by this objective, it has certainly achieved its target.

 

The fund was originally launched as Reliance Index Fund on February 8, 2005. The key features of this fund along with its name were changed with effect from April 18, 2008.

 

Returns


In 2009 it barely managed to beat the Nifty. In 2010 it did a much better job. Even within its category it was a top-quartile performer. Its 1-year and 2-year returns put it ahead of the Nifty and category average while its current returns indicate that it has not fallen dramatically and again has outdone both. In its best 1-year period, it delivered almost 100 per cent (March 9, 2009 - March 11, 2010) and in its worst it fell by (-) 26.79 per cent (April 28, 2008 - March 28, 2009).

 

Our View


We have no grouse with this fund. However, its annual track record only spans bull runs. But in all fairness, if we look at its quarterly returns in 2008, it did fall less than the category average in the last two quarters of that calendar year: -1.87 per cent (category average: -2.92%) and -20.60 per cent (category average: -22.28%). This fund could be looked at by those investors who want to invest in the largest and best companies available without limiting themselves to an index fund.

 

Popular posts from this blog

ICICI Pru Mutual Fund Dividend

ICICI Prudential Mutual Fund has announced dividend under the following schemes: Scheme Dividend ( Rs /unit) ICICI Pru Capital Protection Oriented Ser V Plan B-D 0.03611325 ICICI Pru Capital Protection Oriented Ser V Plan B Direct-D 0.03611325 ICICI Pru Balanced Advantage Direct-DM 0.06 The record date has been fixed as February 08, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave y...

What is Financial Freedom?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)     There were many things common between our Freedom fighters. All had the Single vision (Free India), common goal (independence) and had a disciplined and focused approach. They were ready to do anything and everything and had made so many sacrifices to see India free . But the road to freedom was not easy .They had faced lot many hardships, went to jail so many times and even confronted physical and mental torture from the British. There was one more thing which proved to be an advantage to our fighters that most of them were professional lawyers. The knowledge of legal issues and its impact on our country at large has helped them counter various bills and proposed new laws by the then government. It is due to their continuous effort that we are able to achieve the goal of Independent Indi...

Hidden Bank Fees

  What Banks Hide From Customers Imagine after a peaceful and exciting holiday you receive your bank statement with steep charges. You then rush to your bank and start confronting staff members and to your dismay, you come to know that the high end debit card was charged very heavily. Wouldn't this cause damage to your finances? So remember, the world outside is full of deceptive and double cheating people. Unethical practices are always used by company sales person in order to meet the target. Credit card companies, mutual funds and bank institutions always play dirty tricks to lure customers and the practices are rampant. So here's how you should be careful while dealing with your banks: High End Debit Card Charges While opening an account with a bank you opt for a debit card with minimal charges. But later on when you upgrade your card and opt for high end debit card the annual charge rise by a good amount. Though such a card has slew of features but it all comes at a high ...

Partial withdrawal from PPF

  Public Provident Fund (PPF) account has a lock in period   If you opened a PPF account to meet your retirement needs,, think twice about withdrawing from this fund before retirement. But provided it's an emergency here are the rules. Public Provident Fund (PPF) account has a lock in period before which you cannot withdraw your money.   The partial withdrawal is allowed after the completion of 6 financial years . This means that you will be allowed a partial withdrawal from 1 April 2017. The maximum partial withdrawal allowed is the least of the following: 50 percent of the account balance at the end of fourth financial year, 31 March 15 50 percent of the account balance of the end of previous financial year, 31 March 17.   There's a loan option available on your PPF account between the fourth and the sixth financial year. You can obtain a loan of up to 25 per cent of the balance in your account. However, this will attract interest of 2 percent more than the prevailing ...

Updating a minor PAN card upon becoming adults

  Updating a minor's PAN card once they become adults A PAN card issued in the name of a minor does not contain the minor's photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature. Application The applicant is required to fill up the "Request for new PAN card andor changes or correction in PAN data" form. The form can be filled up online by accessing NSDL's Tax Information Network website and clicking on the online PAN application tab. Information The applicant must mention the existing PAN number in the application and check the `photo mismatch' and `signature mismatch' boxes, and submit the online form. The form must also be printed out, signed by the applicant, and submitted along with two photographs. Documents Identity and address proof in the form of a copy of the app...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now