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  • Reliance ETF Junior BeES

    Reliance ETF Junior BeES
    Dividend Yearly
    NA
    Category
    Equity - ETF
    52-week NAV high
    465.03  (As on 08-01-2018)
    52-week NAV low
    372.76  (As on 25-10-2018)
    Expense
    0.23%  (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 -1.81 -8.35 -7.82 -9.78 11.01 13.05 10.61 17.26 -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Growth
    Bonus
    NA
    Launch Date
    Feb 21, 2003
    Last Dividend
    NA
    Minimum Investment
    10000
  • Reliance Mutual Funds is one of India’s leading mutual fund companies having 83.99 lakh folios and Average Assets Under Management (AAUM) of Rs.2,40,445.37 crore. The company is part of Reliance Anil Dhirubhai Ambani Group and is one of the mutual fund companies growing at a very quick rate in the country. Reliance Mutual Funds offers a number of products that satisfy the different needs of the investors and is present in more than 160 cities in the country.

    Investment Objective of Reliance ETF Junior BeES

    The main objective of the Reliance ETF Junior BeES fund is to offer returns that are consistent with the returns of Securities that are represented by Nifty Next 50 Index.

    Key Features of Reliance ETF Junior BeES

    Some of the features of the Reliance ETF Junior BeES have been listed below:

    Type of fund

    Open-ended index scheme

    Plans available

    This scheme offers only growth option

    Risk

    Moderately high

    Systematic Investment Plan

    Not available

    Systematic Transfer Plan

    Not available

    Systematic Withdrawal Plan

    Not available

    Investment Amount for Reliance ETF Junior BeES

    Minimum application amount

    Directly with Fund

    16,000 units are the minimum number of units that can be purchased. All the purchases are done in multiples of 16,000.

    On the exchange

    Purchase or sale can be made of 1 Unit and in multiples of 1 unit.

    Entry load

    Nil

    Exit load

    Nil

    There is no condition to maintain any minimum balance in this scheme.

    Asset Allocation for Reliance ETF Junior BeES

    Instruments

    Indicative asset allocation (% of total assets)

    Risk

    Minimum

    Maximum

    Securities covered by Nifty Next 50 Index

    95%

    100%

    Medium to High

    Money Market Instruments, cash and cash equivalents, CBLO

    0%

    5%

    Low to Medium

    Who can invest in Reliance ETF Junior BeES

    The following people are eligible to invest in Reliance ETF Junior BeES units:

    • Resident Indians, can opt either for a single or a joint investment (should not exceed three).
    • Non-Resident Indians (NRIs).
    • Parents or lawful guardians making investments on behalf of minors.
    • Hindu Undivided Families (HUFs).
    • Banks.
    • Partnership firms.
    • Mutual Funds that have been registered with SEBI.
    • QFIs.
    • Foreign Institutional Investors that are registered with the SEBI.
    • Army, navy, air force and other organisations that are eligible.
    • Registered societies, charitable, or religious trusts and trusts that have the been given the authority to invest in mutual fund schemes.
    • Organisations that are doing scientific and industrial research.
    • Institutions, associations, and bodies that have been authorised to make investments in units.
    • Multilateral funding agencies that are outside India but have got the permission for the RBI or Government of India.
    • Overseas financial organisations that have entered into an agreement to invest in funds in India on mutual funds that have been registered with the SEBI. This arrangement has to be approved by the Government of India.
    • Insurance companies and insurers registered with the Insurance Regulatory Development Authority.

    NAV Disclosure and Benchmark for Reliance ETF Junior BeES

    The NAV of the Reliance ETF Junior BeES is generally calculated on all working days. This NAV of the scheme is published in at least two newspaper that have a reach all over the country. This is done on every working day. The NAVs will be updated on the website by the AMC (www.relianceetf.com and www.reliancemutual.com) and on the AMFI website. This updation is done by 9:00 p.m. on every working day. A complete statement of the portfolio will be published by the AMC on or before the 10th of the following month on the mutual fund website (www.reliancemutual.com and www.relianceetf.com).

    The Benchmark of the Reliance ETF Junior BeES scheme is Nifty Next 50 Index.

    Fund Manager of Reliance ETF Junior BeES

    Payal Wadhwa Kaipunjal is the fund manager of Reliance ETF Junior BeES and has more than 14 years of experience managing funds.

    Investment Restrictions of Reliance ETF Junior BeES

    Some of the investment restrictions of the fund have been listed below:

    • Term loans will not be advanced for any purpose whatsoever.
    • More than 10% of the NAV cannot be invested by the scheme in debt instruments that have been issued by a single issuer. This should not be rated below the investment grade by a credit rating agency that has been given the authority to do the same under the SEBI Act.
    • More than 10% of the scheme shall not be invested in unrated debt instruments. The total investments in this case should not exceed more 25% of the NAV of the scheme.
    • Investments can be made by the scheme in another mutual fund, either in the same AMC or another mutual fund altogether without making any charges. The scheme should however not exceed 5% of the NAV of the fund.
    • The fund shall sell and buy securities on the basis of deliveries and shall take delivery of relative securities in all purchase cases.
    • More than 5% of the NAV shall not be invested in unlisted equity shares or equity related securities by the scheme.
    • No investments shall be made by the scheme in fund of funds scheme.
    • Since this is an index scheme, no investments will be made by the scheme on securitized debt.
    • Under this scheme, the fund will not own more than 10% of the paid up capital carrying voting rights of any company.
    • Securities may be lent by the scheme in accordance to SEBI regulations.
    • The aggregate value of illiquid securities shall not exceed more than 15% of the total assets of the scheme.
    • The SEBI regulations that are applicable for investments made on mutual funds will be followed by the scheme from time to time.

    Dividend Policy of Reliance ETF Junior BeES

    Dividends may be declared by the Trustee to the unit holders in case there is an availability of a surplus. The frequency of the distribution of these dividends is entirely up to the decision of the Trustee. This dividend will be paid to the investors whose name appear on the register of unit holders on the record data that has been fixed for the scheme. The net tax will be deducted from the dividend that is to be paid to the unit holder within 30 days from the date the dividend was declared. There is no assurance or guarantee provided to the investors that a dividend will be paid to them regularly. Dividends that are paid to the unit holders will always be in compliance with NSE and SEBI regulations.

    Why you should invest in Reliance ETF Junior BeES

    Reliance Mutual Funds has managed to become one of the biggest mutual fund companies in India and has been growing at a very quick pace in the country. They offer a number of different investment options that cater to the needs of all the investors.

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

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