Reliance Banking Fund retains the top position among Reliance Mutual 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
Disclaimer:
“Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. Please read the Statement of Additional Information and Scheme Information Document carefully before investing”.
“In Mutual Funds, the past performance is not guaranteed in future”.
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