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Mutual Fund Review: RELIANCE BANKING FUND

Investment Strategy:

The fund invests in banking and financial stocks across market capitalisation but focuses mainly on the large cap banking stocks. In the past three years, large cap stocks on an average account for about 75% of the portfolio, midcap stocks account for about 8% of the portfolio, small cap stocks account for about 2% of the portfolio and cash holdings account for 13% of the portfolio.

Investments in public and private sector banks account for about 76% of the portfolio on an average. The public sector banks account for 51% of the portfolio while the private sector banks account for 25% of the portfolio. Non Banking Financial companies (NBFCs) also account for about 6% of the portfolio.

Asset Size:

The fund's AUM is around Rs. 1661 crore as at 31 March 2011.

Performance:

This fund is the best performing Banking fund in India and also the best performing Banking fund on our platform over a 5 year period (31 December 2005 to 31 December 2010). We have been recommending this fund for the past two years.

As of 31 December 2010, this fund has outperformed its benchmark, the S&P CNX Bank Index across all periods. Over a 1 year period, this fund has given 46.1% while its benchmark has given 35.8% and has given annualized returns of 28.4% over a 5 year period in comparison to 22.5% of the benchmark over the same 5 year period. 
 

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Also, know how to buy other mutual funds online:

 

1) DSP BlackRock Mutual Funds:

http://prajnacapital.blogspot.com/2011/05/buying-dsp-blackrock-mutual-funds.html

 

2) Reliance Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-reliance-mutual-funds-online.html

 

3) Birla Sunlife Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-birla-sunlife-mutual-funds.html

 

4) UTI Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-uti-mutual-funds-online.html

  

5) SBI Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-sbi-mutual-funds-online.html

 

6) Edelweiss Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-edelweiss-mutual-funds-online.html

 

7) IDFC Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-idfc-mutual-funds-online.html

 

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