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Mutual Fund Review: Reliance Banking Fund

 

Reliance Banking Fund is still the top performer (under the sector specific fund category) among the various mutual fund schemes launched by reliance mutual fund.

 

Type of Scheme: Open Ended Banking Sector Scheme

 

Investment Objective:

 

The main objective of the scheme is to generate income by primarily investing in equities / equity related fixed income securities of the banks.

The fund will invest in banking equities only when the stocks are expected to perform well. If the stocks are not expected to perform well, the scheme will invest in debt and money market instruments.

 

Asset Allocation:

 

Equity / Equity related instruments – 0 to 100%

Debt and Money Market Instruments – 0 to 100%

 

Types of Plans Available:

·                           Retail

·                           Institutional

·                            

Both the plans have the following Options:

Dividend Option – Dividend Payout or Dividend Reinvestment

Growth Option – Growth Option or Bonus Option

Minimum Investment Amount – Rs 5000 and in multiples of Re 1 thereafter

Minimum Additional purchase Amount – Rs 1000 and in multiples of Re 1 thereafter

Entry Load: NA

Exit Load: 1 % if the scheme is redeemed within 1 year from the date of investment. There is no exit load if the scheme is redeemed after 1 year.

Systematic Investment Plan: Yes

Systematic Withdrawal Plan: Yes

Systematic Transfer Plan: Yes

Online Investment: Yes
 

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