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  • Reliance ETF Hang Seng BeES

    Reliance ETF Hang Seng BeES
    Dividend Yearly
    NA
    Category
    Equity - International
    52-week NAV high
    3,271.87  (As on 21-05-2018)
    52-week NAV low
    2,846.24  (As on 15-12-2017)
    Expense
    1.13%  (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 -0.01 -3.02 -9.79 1.64 12.01 11.04 8.53 7.72 -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Growth
    Bonus
    NA
    Launch Date
    Mar 09, 2010
    Last Dividend
    NA
    Minimum Investment
    10000
  • Reliance ETF Hang Seng BeES is an open-ended Index Exchange Traded Scheme offered by Reliance Mutual Fund. It is a great investment option for investors who want capital appreciation in the long term by investing in securities that fall under the Hang Seng Index.

    Investment Objective of Reliance ETF Hang Seng BeES

    The investment objective of Reliance ETF Hang Seng BeES is to generate returns commensurate with the overall returns provided by the securities covered by the Hang Seng Index of Hang Seng Data Services Limited. Investments under this fund are made in securities in the same proportion as the index.

    Key Features of Reliance ETF Hang Seng BeES

    Here are some of the key features of Reliance ETF Hang Seng BeES:

    Type of Fund

    Open-ended index scheme

    Plans Available

    Growth

    Options Under Each Plan

    Growth

    Systematic Investment Plan

    Not Available

    Systematic Transfer Plan

    Not Available

    Systematic Withdrawal Plan

    Not Available

    Investment Amount for Reliance ETF Hang Seng BeES

    Minimum Application Amount

    2,500 units and in multiples thereof for investments directly with the fund, and one unit and multiples thereof for investments on the exchange

    Minimum Additional Investment

    -

    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 Hang Seng BeES

    Instruments

    Allocations (percentage of total assets)

    Risk Profile

    Securities consulting Hang Seng Index

    95% to 100%

    Medium to High

    Money market instruments whose maturity period is 91 days or less including cash and cash equivalents, CBLOs, and overseas ETFs or mutual fund schemes based on Hang Seng Index

    0% to 5%

    Low to medium

    Who can Invest in Reliance ETF Hang Seng BeES?

    The following entities can make investments in Reliance ETF Hang Seng BeES:

    • Indian residents who are above 18 years of age
    • Legal guardians or parents on behalf of minors
    • Hindu Undivided Families via 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, body of individuals, association of persons and societies
    • Banks (inclusive of regional rural banks as well as co-operative banks), and investment institutions and financial institutions incorporated in the country
    • Mutual funds that have been registered with the Securities and Exchange Board of India
    • Navy, Air Force, Army and other paramilitary units
    • Religious, Charitable or other trusts and registered societies
    • 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
    • Foreign financial organisations that have agreed to invest in India
    • Corporate bodies or multilateral funding agencies that were created outside the country with authorisation from the Reserve Bank of India or the Government of India
    • Other institutions, associations, or bodies that have the authority to invest in the scheme
    • Gratuity, Pension, Superannuation. or Provident Fund
    • Insurance companies, insurers, or corporations that are registered with the Insurance Regulatory Development Authority of India

    NAV Disclosure and Benchmark for Reliance ETF Hang Seng BeES

    The Net Asset Value of Reliance ETF Hang Seng BeES is required to be calculated and published by the asset management company on a daily basis. The scheme’s Net Asset Value must be published in a minimum of two daily newspapers that are circulated across the country on a daily basis. The NAV must also be updated on the mutual fund’s website as well as the website of the Association of Mutual Funds in India by 9.00 p.m. on each business day.

    The formula used to calculate the NAV of Reliance ETF Hang Seng BeEs 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 all year round and disclosed at the end of each working day.

    Benchmark Index of Reliance ETF Hang Seng BeES:

    The benchmark adopted by Reliance ETF Hang Seng BeES is the Hang Seng Index.

    Reliance ETF Hang Seng BeESFund Manager

    Reliance ETF Hang Seng BeES is managed by Jahnvee Shah and Siddharth Deb. Shah is in charge of overseas investments and has been managing the scheme since April 2017 while Deb has been managing the scheme since November 2016. Both managers have more than 10 years of experience in managing mutual funds.

    Investment Restrictions of Reliance ETF Hang Seng BeES

    The following are some of the major investment restrictions of Reliance ETF Hang Seng BeES:

    • The scheme is not allowed to advance any loans.
    • The scheme is restricted from investing over 10% of its Net Asset Value in debt securities issued by a single issuer if a credit rating agency has not rated them below investment grade.
    • The scheme is restricted from investing over 10% of its Net Asset Value in unrated debt securities issued by a single issuer and the overall investment of these securities cannot be more than 25% of the scheme’s Net Asset Value.
    • The scheme is restricted from investing in other schemes offered by the same asset management company or another mutual fund without levying any charges provided such investments are not more than 5% of the fund’s Net Asset Value.
    • The scheme is restricted from investing 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.

    Dividend Policy of Reliance ETF Hang Seng BeES

    The Trustees hold the responsibility for declaring dividends to unitholders based on the availability of distributable surplus as well as the actual distribution of dividends under the scheme. The Trustee is also responsible for determining the frequency of distribution.

    Why you should invest in Reliance ETF Hang Seng BeES

    Reliance ETF Hang Seng BeES is a good option to consider for investment as it offers capital appreciation in the long term by investing in securities that fall under the Hang Seng Index. It also has experienced and expert fund managers who have the potential to generate good returns over a period of time.

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

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