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  • Reliance ETF Consumption

    Reliance ETF Consumption
    Dividend Yearly
    NA
    Category
    Equity - ETF
    52-week NAV high
    56.77  (As on 28-08-2018)
    52-week NAV low
    46.46  (As on 09-10-2018)
    Expense
    0.13%  (As on 30-11-2018)

    Performance

    1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
    Fund Returns 1.63 -4.47 -4.87 -1.62 16.83 13.05 10.37 - -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Growth
    Bonus
    NA
    Launch Date
    Apr 10, 2014
    Last Dividend
    NA
    Minimum Investment
    5000
  • Reliance ETF Consumption is an open-ended Index Exchange Traded Fund offered by Reliance Mutual Fund. The scheme is a good investment option for those who want capital appreciation in the long term. It is a high-risk product with the potential to generate high returns.

    Investment Objective of Reliance ETF Consumption

    The investment objective of Reliance ETF Consumption is to offer investment returns commensurate with the overall returns offered by the instruments in the Nifty India Consumption Index.

    Key Features of Reliance ETF Consumption

    Here are some of the key features of Reliance ETF Consumption:

    Type of Fund

    Open-ended index exchange traded fund

    Plans Available

    N/A

    Options Under Each Plan

    N/A

    Systematic Investment Plan

    Not Available

    Systematic Transfer Plan

    Not Available

    Systematic Withdrawal Plan

    Not Available

    Investment Amount for Reliance ETF Consumption

    Minimum Application Amount

    Rs.5,000 during NFO and in multiples of Re.1 thereafter

    Minimum Additional Investment

    N/A

    Minimum Instalment for Systematic Investment Plans

    N/A

    Minimum Instalment for Systematic Withdrawal Plan

    N/A

    Entry Load

    N/A

    Exit Load

    Nil

    Asset Allocation for Reliance ETF Consumption

    Instruments

    Allocations (Percentage of total assets)

    Risk Profile

    Securities constituting Nifty India Consumption Index

    95% to 100%

    Medium to High

    Money market instruments whose maturity period is 91 days or less including CBLOs and liquid schemes of mutual funds

    0% to 5%

    Low to medium

    Who can Invest in Reliance ETF Consumption?

    The following entities can make investments in Reliance ETF Consumption:

    • Indian residents who are 18 years of age and above
    • Legal guardians or parents on behalf of minors
    • Hindu Undivided Families through their Kartas
    • Persons of Indian Origin (PIOs) and Non-Resident Indians (NRIs)
    • Partnership firms
    • Industrial and scientific research organisations
    • Companies, Public Sector Undertakings, corporate bodies, societies, and trusts
    • Banks (inclusive of regional rural banks as well as co-operative banks) and financial institutions incorporated in the country
    • Special Purpose Vehicles that have approval from the appropriate authority
    • Navy, Air Force, Army and other paramilitary units
    • Religious, Charitable or other trusts and registered societies
    • International Multilateral Agencies that have the approval of the Indian Government
    • Qualified Foreign Investors (QFIs)
    • Foreign Portfolio Investors (FPIs) subject to the directions and regulations prescribed by the Securities and Exchange Board of India
    • Foreign Institutional Investors (FIIs) registered with the Securities and Exchange Board of India
    • Unincorporated body of persons (subject to acceptance by Reliance Capital Trustee Co. Limited)
    • Sponsor, trustee or Asset Management Company or their associates
    • Any other institutions or individuals or corporate bodies that are accepted by the Asset Management Company

    NAV Disclosure and Benchmark for Reliance ETF Consumption

    The Net Asset Value of Reliance ETF Consumption must be calculated on a daily basis and published in a minimum of two daily newspapers every day. The NAV of the fund must also be published on the website of the company as well as the website of the Association of Mutual Funds in India. In case the fund fails to publish its NAV on the aforementioned platform by 9.00 p.m. on any given day, it will have to issue a press release that states the reasons for the same.

    The formula used to calculate the NAV of Reliance ETF Consumption is as follows:

    (Fair Value or Market Value of the Scheme’s investment + Current Assets - Current Liabilities and Provisions) / Number of units outstanding under the scheme

    The computation of the scheme’s NAV is done every day of the year and disclosed at the end of each working day.

    Benchmark Index of Reliance ETF Consumption:

    The benchmark adopted by Reliance ETF Consumption is the Nifty India Consumption Index.

    Reliance ETF Consumption Fund Manager

    Reliance ETF Consumption has been managed by Payal Wadhwa Kaipunjal since January 2017. Kaipunjal has been working with Asset Management Companies since June 2004 and has a wealth of experience in the mutual fund industry. She also manages a number of other schemes for Reliance, such as Reliance ETF Junior BeES, Reliance ETF Bank BeES, Reliance ETF Nifty 100, Reliance Gold Savings Fund, etc.

    Investment Restrictions of Reliance ETF Consumption

    The following are some of the major investment restrictions of Reliance ETF Consumption:

    • The fund is not allowed to make investments over 10% of its Net Asset Value in debt securities issued by a single issuer if a credit rating agency has rated them not below investment grade.
    • The scheme cannot make investments in excess of 20% of its Net Asset Value in debt schemes of a mutual fund in a group (not including investments in instruments issued by Public Sector Banks, Public Financial Units, and Public Sector Units).
    • The scheme is not allowed to make investments in excess of 10% of its Net Asset Value in unrated debt securities issued by a single issuer and the overall investment of these instruments shall not be in excess of 25% of the scheme’s Net Asset Value.
    • The scheme cannot make investments in unlisted securities of a group company or an associate of the sponsor, or in securities issued by group companies or associates of the sponsor, or in listed securities of the sponsor’s group companies which is more than 25% of the Net Asset Value.
    • Investments from one scheme can only be transferred to another if the transfers are made at the current market price for quoted instruments on spot basis, or if the instruments transferred comply with the policies and investment objectives of the scheme to which they are being transferred.

    Dividend Policy of Reliance ETF Consumption

    The Trustees are responsible for declaring dividends to unitholders based on whether or not distributable surplus is available, and depending on the actual distribution of dividends under the scheme. The Trustee is also responsible for determining the frequency at which dividends will be distributed.

    Why you should invest in Reliance ETF Consumption

    Reliance ETF Consumption is a good option to consider for investment as it offers capital appreciation by making investments in equity and equity-related instruments that replicate the performance of Nifty India Consumption Index. If you have long-term financial goals, Reliance ETF Consumption is a good option to grow your wealth.

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    GST rate of 18% applicable for all financial services effective July 1, 2017.

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