Skip to main content

Reliance Equity Opportunities Fund

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

Reliance Equity Opportunities is a good fit for investors willing to 'go anywhere' within the equity universe, to earn market-beating returns. Yes, Reliance Equity Opportunities is a 'go anywhere' multi-cap fund that can straddle across various market-cap segments and various themes in which it detects opportunities.

With a compounded annual return of 20.2 per cent since its launch in 2005, the fund beat its benchmark BSE 100 return of 14.7 per cent convincingly. The fund's ability to generate superior returns against the benchmark has moved up in the last 5 years. For instance, it managed 9.5 percentage points more than its benchmark in the last 5 years.

Suitability


Reliance Equity Opportunities is a good fit for a risk-taking investor's core portfolio. As stated earlier, the fund can 'go anywhere' to seek returns. This can increase the volatility in its performance. Hence, if you cannot stomach risks, this fund may not be apt for you. For instance, in the 2008 downturn, the fund fell as much as 56 per cent even as the bellwether index Sensex slid 52 per cent.

While the fund did bounce back in style the following year, the fall can panic you into stopping SIPs; an act that should be avoided. Just to give you an idea of the kind of returns that an SIP in the fund can deliver, especially if you hold through down markets, sample this: Over the last five years beginning February 2008, an SIP in the fund would have delivered an IRR of close to 20 per cent (11 per cent if invested through lump sum).


The benchmark BSE 100 delivered just 9 per cent through SIPs.


Another Opportunity fund, from the UTI stable, delivered about 15 per cent through SIPs in the same period. Reliance Equity Opportunities is therefore a ripe candidate to buy through the SIP route.

Performance


Over a five-year period, Reliance Equity Opportunities' rolling one-year returns was 19 per cent. This is higher than UTI Opportunities' 16.8 percent as well as diversified fund Quantum Long Term Equity's 17.4 percent. But the high return has come with volatility.


The fund's standard deviation, that is returns deviating from its average, is quite high when compared with the other two funds mentioned above. That means, the fund can not only manage higher than the average but also fall below the average. This is why the fund is best invested through the SIP route. This would help average the ups and downs.

 

That said, the fund has been adept in beating its benchmark; managing better returns 80 per cent of the times on the above rolling return basis. It also generated negative returns fewer times compared with its benchmark.

Portfolio


Reliance Equity Opportunities has an interesting mix of large- and mid-cap stocks. Almost half of it assets are invested in stocks with a market-cap of over Rs 10,000 crore. This strategy is in stark contrast to UTI Opportunities, which showcases over 85 per cent of its holdings in the over-Rs 10,000 crore market-cap segment. The former's portfolio clearly suggests a more aggressive strategy.


The fund seeks opportunities, often, in unexpected quarters. For instance, until 2011, media sector seemed lack luster. But the fund began to up exposure to this sector a year ago. Stocks such as Hathaway Cable and Datacom delivered as much as 86 per cent in the last one year following regulatory changes.

It also added small-cap stocks such as Hinduja Ventures and Hindustan Media Ventures; that have delivered well in the last couple of quarters. Another unlikely heavyweight is the retail sector with focused bets on stocks such as Trent and Shopper's Stop. These stocks too, contributed significant gains to the portfolio. Evidently, the fund has been picking these sectors ahead of the regulatory changes implemented in the respectively spaces last year.
The fund is managed by Sailesh Raj Bhan.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Popular posts from this blog

ULIP Review: ProGrowth Super II

  If you are interested in a death cover that's just big enough, HDFC SL ProGrowth Super II is something worth a try. The beauty is it has something for everybody — you name the risk profile, the category is right up there. But do a SWOT analysis of the basket, and the gloss fades     HDFC SL ProGrowth Super II is a type-II unit-linked insurance plan ( ULIP ). Launched in September 2010, this is a small ticket-size scheme with multiple rider options and adequate death cover. It offers five investment options (funds) — one in each category of large-cap equity, mid-cap equity, balanced, debt and money market fund. COST STRUCTURE: ProGrowth Super II is reasonably priced, with the premium allocation charge lower than most others in the category. However, the scheme's mortality charge is almost 60% that of LIC mortality table for those investing early in life. This charge reduces with age. BENEFITS: Investors can choose a sum assured between 10-40 times the annualised premium...

Am you Required to E-file Tax Return?

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   Am I Required to 'E-file' My Return? Yes, under the law you are required to e-file your return if your income for the year is Rs. 500,000 or more. Even if you are not required to e-file your return, it is advisable to do so for the following benefits: i) E-filing is environment friendly. ii) E-filing ensures certain validations before the return is filed. Therefore, e-returns are more accurate than the paper returns. iii) E-returns are processed faster than the paper returns. iv) E-filing can be done from the comfort of home/office and you do not have to stand in queue to e-file. v) E-returns can be accessed anytime from the tax department's e-filing portal. For further information contact Prajna Capit...

IDFC - Long term infrastructure bonds - Tranche 2

IDFC - Long term infrastructure bonds What are infrastructure bonds? In 2010, the government introduced a new section 80CCF under the Income Tax Act, 1961 (" Income Tax Act ") to provide for income tax deductions for subscription to long-term infrastructure bonds and pursuant to that the Central Board of Direct Taxes passed Notification No. 48/2010/F.No.149/84/2010-SO(TPL) dated July 9, 2010. These long term infrastructure bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Infrastructure bonds help in intermediating the retail investor's savings into infrastructure sector directly. Long term infrastructure Bonds by IDFC IDFC issued an earlier tranche of these long term infrastructure bonds on November 12, 2010. This is the second public issue of long-te...

Section 80CCD

Top SIP Funds Online   Income tax deduction under section 80CCD Under Income Tax, TaxPayers have the benefit of claiming several deductions. Out of the deduction avenues, Section 80CCD provides t axpayer deductions against investments made in specific sector s. Under Section 80CCD, an assessee is eligible to claim deductions against the contributions made to the National Pension Scheme or Atal Pension Yojana. Contributions made by an employer to National Pension Scheme are also eligible for deductions under the provisions of Section 80 CCD. In this article, we will take a look at the primary features of this section, the terms and conditions for claiming deductions, the eligibility to claim such deductions, and some of the commonly asked questions in this regard. There are two parts of Section 80CCD. Subsection 1 of this section refers to tax deductions for all assesses who are central government or state government employees, or self-employed or employed by any other employers. In...

Merger of Tata Indo-Global Infrastructure Fund with Tata Equity Opportunities Fund

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Merger of Tata Indo-Global Infrastructure Fund with Tata Equity Opportunities Fund Tata Mutual Fund has decided to merge Tata Indo-Global Infrastructure Fund with Tata Equity Opportunities Fund, with effect from January 16, 2015.   Investors of Tata Indo-Global Infrastructure Fund can redeem/ switch out units from December 13, 2014 to January 12, 2015 without paying any exit load. For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call Leave a missed Call on 94 8300 8300 Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com --------------------------------------------- Invest Mutual Funds Online Invest Any Mutual Fund Online Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund A...
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