Reliance Equity Opportunities Fund Is now called Reliance Multicap Fund
How has Reliance Equity Opportunities Fund performed?
With a 10-year return of 13.4%, the fund has outperformed both the category average (10.1%) and the benchmark index (6.8%). The fund has comfortably beaten both its category average and index over the past decade.
With a 10-year return of 13.4%, the fund has outperformed both the category average (10.1%) and the benchmark index (6.8%). The fund has comfortably beaten both its category average and index over the past decade.
Should you buy Reliance Equity Opportunities Fund?
This fund has no market-cap bias, but retains higher exposure to mid- and small-caps relative to peers. While it was a fairly consistent outperformer until a few years ago, it has been erratic in recent years. The fund manager has a penchant for placing large bets on niche themes or sunshine sectors, which paid rich dividends earlier but may have backfired during the market rally of the last few years.
This fund has no market-cap bias, but retains higher exposure to mid- and small-caps relative to peers. While it was a fairly consistent outperformer until a few years ago, it has been erratic in recent years. The fund manager has a penchant for placing large bets on niche themes or sunshine sectors, which paid rich dividends earlier but may have backfired during the market rally of the last few years.
Reliance Equity Opportunities Fund has hiked its presence in large-caps, diluting its heavy mid-cap bias. It has spread exposure to sectors evenly, without the distinct tilt towards financials exhibited by many of its peers. With an improved performance last year, the fund is showing signs of a reversal in fortunes. It remains an aggressive, differentiated offering in the multi-cap space.
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