Reliance ETF Junior BeES

Performance

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:

Investment Amount for Reliance ETF Junior BeES

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

Asset Allocation for Reliance ETF Junior BeES

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.

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