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.
- Reliance Small Cap Fund Direct Plan Growth Plan Growth Option
- Reliance Small Cap Fund Dividend Plan
- Reliance Small Cap Fund Growth Plan Bonus Option
- Reliance Small Cap Fund Growth Plan Growth Option
- Reliance Tax Saver Elss Fund Direct Plan Dividend Plan Annual Dividend Payout Option
- Reliance Tax Saver Elss Fund Dividend Plan Annual Dividend Payout Option
- Reliance Tax Saver Elss Fund Dividend Plan Dividend Option
- Reliance Tax Saver Elss Fund Growth Plan Growth Option
- Reliance Tax Saver Fund Direct Plan Dividend Plan Dividend Payout Option
- Reliance Tax Saver Fund Direct Plan Growth Plan Growth Option Growth
- Reliance Growth Fund Direct Plan Bonus Plan Bonus
- Reliance Growth Fund Direct Plan Dividend Plan
- Reliance Growth Fund Direct Plan Growth Plan Growth
- Reliance Growth Fund Dividend Plan D Option
- Reliance Growth Fund Growth Plan Bonus Option
- Reliance Growth Fund Growth Plan Growth Option
- Reliance Growth Fund Institutional Plan Dividend Option
- Reliance Etf Consumption
- Reliance Large Cap Fund B Direct Plan
- Reliance Large Cap Fund B
- Reliance Large Cap Fund Dividend Direct Plan
- Reliance Large Cap Fund Dividend
- Reliance Large Cap Fund Growth Direct Plan
- Reliance Large Cap Fund Growth
- Reliance Large Cap Fund Institutional B
- Reliance Pharma Fund Direct Plan Bonus Plan Bonus
- Reliance Pharma Fund Direct Plan Dividend Plan Dividend Payout Option
- Reliance Pharma Fund Direct Plan Growth Plan Growth Option Growth
- Reliance Pharma Fund Dividend Dividend Option
- Reliance Pharma Fund Growth Plan Bonus
- Reliance Pharma Fund Growth Plan Growth Option
- Reliance Banking And Psu Debt Fund Direct Plan Dividend Plan
- Reliance Banking And Psu Debt Fund Direct Plan Growth Plan Bonus Option
- Reliance Banking And Psu Debt Fund Direct Plan Growth Plan Growth Option
- Reliance Banking And Psu Debt Fund Direct Plan Monthly Dividend Plan
- Reliance Banking And Psu Debt Fund Direct Plan Quarterly Dividend Plan
- Reliance Banking And Psu Debt Fund Direct Plan Weekly Dividend Plan
- Reliance Banking And Psu Debt Fund Dividend Plan
- Reliance Banking And Psu Debt Fund Growth Plan Growth Option
- Reliance Banking And Psu Debt Fund Monthly Dividend Plan
- Reliance Banking And Psu Debt Fund Quarterly Dividend Plan
- Reliance Banking And Psu Debt Fund Weekly Dividend Plan
- Reliance Banking Fund Direct Plan Bonus Plan Bonus
- Reliance Banking Fund Direct Plan Dividend Plan Dividend Payout Option
- Reliance Banking Fund Direct Plan Growth Plan Growth
- Reliance Banking Fund Dividend Plan Dividend Option
- Reliance Banking Fund Growth Plan Bonus Option
- Reliance Banking Fund Growth Plan Growth Option
- Reliance Low Duration Fund B Direct Plan
- Reliance Low Duration Fund B
- Reliance Low Duration Fund Dd Direct Plan
- Reliance Low Duration Fund Direct Dividend
- Reliance Low Duration Fund Dividend Direct Plan
- Reliance Low Duration Fund Dividend
- Reliance Low Duration Fund Growth Direct Plan
- Reliance Low Duration Fund Growth
- Reliance Low Duration Fund Monthly Dividend Direct Plan
- Reliance Low Duration Fund Monthly Dividend
- Reliance Low Duration Fund Quarterly Dividend Direct Plan
- Reliance Low Duration Fund Quarterly Dividend
- Reliance Low Duration Fund Ret B
- Reliance Low Duration Fund Ret Direct Dividend
- Reliance Low Duration Fund Ret Growth
- Reliance Low Duration Fund Ret Monthly Dividend
- Reliance Low Duration Fund Ret Quarterly Dividend
- Reliance Low Duration Fund Ret Weekly Dividend
- Reliance Low Duration Fund Weekly Dividend Direct Plan
- Reliance Low Duration Fund Weekly Dividend
- Reliance Liquid Fund Dd Direct Plan
- Reliance Liquid Fund Direct Dividend
- Reliance Liquid Fund Growth Direct Plan
- Reliance Liquid Fund Growth
- Reliance Liquid Fund Monthly Dividend Direct Plan
- Reliance Liquid Fund Monthly Dividend
- Reliance Liquid Fund Quarterly Dividend Direct Plan
- Reliance Liquid Fund Quarterly Dividend
- Reliance Liquid Fund Ret Direct Dividend
- Reliance Liquid Fund Ret Growth
- Reliance Liquid Fund Ret Monthly Dividend
- Reliance Liquid Fund Ret Quarterly Dividend
- Reliance Liquid Fund Ret Weekly Dividend
- Reliance Liquid Fund Weekly Dividend Direct Plan
- Reliance Liquid Fund Weekly Dividend
- Reliance Vision Fund Direct Plan Bonus Plan Bonus
- Reliance Vision Fund Direct Plan Dividend Option
- Reliance Vision Fund Direct Plan Dividend Plan Dividend Payout Option
- Reliance Vision Fund Direct Plan Growth Option
- Reliance Vision Fund Growth Plan Bonus Option
- Reliance Vision Fund Growth Plan Growth Option
- Reliance Vision Fund Institutional Plan Dividend Option
- Reliance Dynamic Bond Fund Direct Plan Dividend Plan Dividend Payout Option
- Reliance Dynamic Bond Fund Direct Plan Growth Plan Growth Option Growth
- Reliance Dynamic Bond Fund Direct Plan Quarterly Dividend Plan Dividend Payout Option
- Reliance Dynamic Bond Fund Dividend Plan Dividend Option
- Reliance Dynamic Bond Fund Dividend Plan Quarterly Dividend Option
- Reliance Dynamic Bond Growth Plan Growth Option
- Reliance Equity Hybrid Fund Dividend Direct Plan
- Reliance Equity Hybrid Fund Dividend
- Reliance Equity Hybrid Fund Growth Direct Plan
- Reliance Equity Hybrid Fund Growth
- Reliance Equity Hybrid Fund Monthly Dividend Direct Plan
- Reliance Equity Hybrid Fund Monthly Dividend
- Reliance Equity Hybrid Fund Quarterly Dividend Direct Plan
- Reliance Equity Hybrid Fund Quarterly Dividend
- Reliance Small Cap Fund Direct Plan Growth Plan Growth Option
- Reliance Small Cap Fund Dividend Plan
- Reliance Small Cap Fund Growth Plan Bonus Option
- Reliance Small Cap Fund Growth Plan Growth Option
- Reliance Tax Saver Elss Fund Direct Plan Dividend Plan Annual Dividend Payout Option
- Reliance Tax Saver Elss Fund Dividend Plan Annual Dividend Payout Option
- Reliance Tax Saver Elss Fund Dividend Plan Dividend Option
- Reliance Tax Saver Elss Fund Growth Plan Growth Option
- Reliance Tax Saver Fund Direct Plan Dividend Plan Dividend Payout Option
- Reliance Tax Saver Fund Direct Plan Growth Plan Growth Option Growth
- Reliance Growth Fund Direct Plan Bonus Plan Bonus
- Reliance Growth Fund Direct Plan Dividend Plan
- Reliance Growth Fund Direct Plan Growth Plan Growth
- Reliance Growth Fund Dividend Plan D Option
- Reliance Growth Fund Growth Plan Bonus Option
- Reliance Growth Fund Growth Plan Growth Option
- Reliance Growth Fund Institutional Plan Dividend Option
- Reliance Etf Consumption
- Reliance Large Cap Fund B Direct Plan
- Reliance Large Cap Fund B
- Reliance Large Cap Fund Dividend Direct Plan
- Reliance Large Cap Fund Dividend
- Reliance Large Cap Fund Growth Direct Plan
- Reliance Large Cap Fund Growth
- Reliance Large Cap Fund Institutional B
- Reliance Pharma Fund Direct Plan Bonus Plan Bonus
- Reliance Pharma Fund Direct Plan Dividend Plan Dividend Payout Option
- Reliance Pharma Fund Direct Plan Growth Plan Growth Option Growth
- Reliance Pharma Fund Dividend Dividend Option
- Reliance Pharma Fund Growth Plan Bonus
- Reliance Pharma Fund Growth Plan Growth Option
- Reliance Banking And Psu Debt Fund Direct Plan Dividend Plan
- Reliance Banking And Psu Debt Fund Direct Plan Growth Plan Bonus Option
- Reliance Banking And Psu Debt Fund Direct Plan Growth Plan Growth Option
- Reliance Banking And Psu Debt Fund Direct Plan Monthly Dividend Plan
- Reliance Banking And Psu Debt Fund Direct Plan Quarterly Dividend Plan
- Reliance Banking And Psu Debt Fund Direct Plan Weekly Dividend Plan
- Reliance Banking And Psu Debt Fund Dividend Plan
- Reliance Banking And Psu Debt Fund Growth Plan Growth Option
- Reliance Banking And Psu Debt Fund Monthly Dividend Plan
- Reliance Banking And Psu Debt Fund Quarterly Dividend Plan
- Reliance Banking And Psu Debt Fund Weekly Dividend Plan
- Reliance Banking Fund Direct Plan Bonus Plan Bonus
- Reliance Banking Fund Direct Plan Dividend Plan Dividend Payout Option
- Reliance Banking Fund Direct Plan Growth Plan Growth
- Reliance Banking Fund Dividend Plan Dividend Option
- Reliance Banking Fund Growth Plan Bonus Option
- Reliance Banking Fund Growth Plan Growth Option
- Reliance Low Duration Fund B Direct Plan
- Reliance Low Duration Fund B
- Reliance Low Duration Fund Dd Direct Plan
- Reliance Low Duration Fund Direct Dividend
- Reliance Low Duration Fund Dividend Direct Plan
- Reliance Low Duration Fund Dividend
- Reliance Low Duration Fund Growth Direct Plan
- Reliance Low Duration Fund Growth
- Reliance Low Duration Fund Monthly Dividend Direct Plan
- Reliance Low Duration Fund Monthly Dividend
- Reliance Low Duration Fund Quarterly Dividend Direct Plan
- Reliance Low Duration Fund Quarterly Dividend
- Reliance Low Duration Fund Ret B
- Reliance Low Duration Fund Ret Direct Dividend
- Reliance Low Duration Fund Ret Growth
- Reliance Low Duration Fund Ret Monthly Dividend
- Reliance Low Duration Fund Ret Quarterly Dividend
- Reliance Low Duration Fund Ret Weekly Dividend
- Reliance Low Duration Fund Weekly Dividend Direct Plan
- Reliance Low Duration Fund Weekly Dividend
- Reliance Liquid Fund Dd Direct Plan
- Reliance Liquid Fund Direct Dividend
- Reliance Liquid Fund Growth Direct Plan
- Reliance Liquid Fund Growth
- Reliance Liquid Fund Monthly Dividend Direct Plan
- Reliance Liquid Fund Monthly Dividend
- Reliance Liquid Fund Quarterly Dividend Direct Plan
- Reliance Liquid Fund Quarterly Dividend
- Reliance Liquid Fund Ret Direct Dividend
- Reliance Liquid Fund Ret Growth
- Reliance Liquid Fund Ret Monthly Dividend
- Reliance Liquid Fund Ret Quarterly Dividend
- Reliance Liquid Fund Ret Weekly Dividend
- Reliance Liquid Fund Weekly Dividend Direct Plan
- Reliance Liquid Fund Weekly Dividend
- Reliance Vision Fund Direct Plan Bonus Plan Bonus
- Reliance Vision Fund Direct Plan Dividend Option
- Reliance Vision Fund Direct Plan Dividend Plan Dividend Payout Option
- Reliance Vision Fund Direct Plan Growth Option
- Reliance Vision Fund Growth Plan Bonus Option
- Reliance Vision Fund Growth Plan Growth Option
- Reliance Vision Fund Institutional Plan Dividend Option
- Reliance Dynamic Bond Fund Direct Plan Dividend Plan Dividend Payout Option
- Reliance Dynamic Bond Fund Direct Plan Growth Plan Growth Option Growth
- Reliance Dynamic Bond Fund Direct Plan Quarterly Dividend Plan Dividend Payout Option
- Reliance Dynamic Bond Fund Dividend Plan Dividend Option
- Reliance Dynamic Bond Fund Dividend Plan Quarterly Dividend Option
- Reliance Dynamic Bond Growth Plan Growth Option
- Reliance Equity Hybrid Fund Dividend Direct Plan
- Reliance Equity Hybrid Fund Dividend
- Reliance Equity Hybrid Fund Growth Direct Plan
- Reliance Equity Hybrid Fund Growth
- Reliance Equity Hybrid Fund Monthly Dividend Direct Plan
- Reliance Equity Hybrid Fund Monthly Dividend
- Reliance Equity Hybrid Fund Quarterly Dividend Direct Plan
- Reliance Equity Hybrid Fund Quarterly Dividend
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