Reliance ETF Long Term Gilt

Nippon India ETF Long Term Gilt
Dividend Yearly
NA
Category
Debt - Gilt Medium and Long Term
52-week NAV high
22.01  (As on 24-07-2020)
52-week NAV low
19.79  (As on 20-09-2019)
Expense
0.1%  (As on 31-08-2020)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -0.08 0.62 5.00 9.21 13.73 8.13 7.97 - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jul 05, 2016
Last Dividend
NA
Minimum Investment
5000

Reliance ETF Long Term Gilt is an open-ended index exchange traded fund offered by Reliance Mutual Fund.

Investment Objective of Reliance ETF Long Term Gilt

The investment objective of Reliance ETF Long Term Gilt Fund is to offer returns that are commensurate with the overall returns generated by the instruments that are represented in the Nifty 8-13 year G-Sec Index.

Key Features of Reliance ETF Long Term Gilt

Here are some of the key features of Reliance ETF Long Term Gilt:

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 Long Term Gilt

Minimum Application Amount Rs.5,000 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 Nil
Exit Load N/A

Asset Allocation for Reliance ETF Long Term Gilt

Instruments Allocations (Percentage of total assets) Risk Profile
Securities constituting Nifty 8-13 yr G-Sec Index 95% to 100% Low to Medium
Money market securities (with maturity periods under 91 days) 0% to 5% Low to Medium

Who can Invest in Reliance ETF Long Term Gilt?

Investments in Reliance ETF Long Term Gilt can be made by the following entities:

  • Resident Indian citizens who have attained 18 years of age
  • Legal guardians or parents for investments on behalf of minors
  • Persons of Indian Origin and Non-resident Indians
  • Hindu Undivided Families through their Kartas
  • Corporate bodies, companies, trusts, Public Sector Undertakings, and cooperative societies
  • Financial institutions and banks (inclusive of regional rural banks)
  • Charitable or Religious Trusts through their trustees, and private trusts with the authority to make investments in schemes of mutual funds under their trust deeds
  • Special Purpose Vehicles with the approval of the appropriate authority (subject to the approval of the Reserve Bank of India)
  • Foreign Institutional Investors registered with the Securities and Exchange Board of India
  • International Multilateral Agencies with the approval of the Indian government
  • Air force, navy, army and other para-military units
  • Partnership firms
  • Qualified Foreign Investors
  • Industrial and scientific research organisations
  • Unincorporated body of persons with the approval of Reliance Capital Trustee Co. Limited
  • Foreign Portfolio Investors
  • Asset Management Company, trustee, or sponsor or their associates
  • Any other corporate bodies, individuals or institutions as approved by the Asset Management Company from time to time

NAV Disclosure and Benchmark for Reliance ETF Long Term Gilt

The Net Asset Value of Reliance ETF Long Term Gilt Fund will be calculated by the Asset Management Company within five days from the date of allotment. The Net Asset Value will also be computed and disclosed at the end of every working day, and will be published in a minimum of two daily newspapers. The Net Asset Value will also be published on the website of the Association of Mutual Funds in India by 9:00 p.m. on the day it is declared, and it will also be available for viewing on the website of Reliance Mutual Fund. In case the Asset Management Company does not publish the Net Asset Value of the scheme before the working hours of the next day start, the fund house will have to issue a press release stating the reasons for the failure to publish the same.

The following is the formula used to calculate the NAV of Reliance ETF Long Term Gilt:

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

The calculation of the scheme’s Net Asset Value is done every day of the year and disclosed at the end of each working day.

Benchmark Index of Reliance ETF Long Term Gilt:

The benchmark adopted by Reliance ETF Long Term Gilt is the Nifty 8-13 yr G-Sec Index.

Reliance ETF Long Term Gilt Fund Manager

Reliance ETF Long Term Gilt has been managed by Prashant Pimple since July 2016. Mr. Pimple has been working with Reliance Nippon Life Asset Management Limited since October 2008, before which he worked with Fidelity Mutual Fund for a year. He has around 19 years of experience, overall, and also manages a few other funds for Reliance Mutual Fund, such as Reliance Dynamic Bond Fund, Reliance Short Term Fund, Reliance Income Fund, Reliance Corporate Bond Fund, Reliance Gilt Securities Fund, and Reliance Regular Savings Fund – Debt Option.

Investment Restrictions of Reliance ETF Long Term Gilt

The following are some of the major investment restrictions of Reliance ETF Long Term Gilt:

  • The scheme cannot make investments in excess of 10% of its Net Asset Value in debt securities issued by a single issuer if they are rated not below investment grade by a credit rating agency. The limit for such an investment can rise to 12% of the scheme’s Net Asset Value if the Asset Management Company’s Board of Directors and Board of Trustees grant prior approval for the same.
  • The scheme is not allowed to make investments of over 10% of its Net Asset Value in unrated debt securities issued by a single issuer and the overall investment in these securities cannot be more than 25% of the scheme’s Net Asset Value.
  • The transfer of investments from one scheme of the fund house to another can only be done if the transfers are made at the current market price on spot basis, and the securities that are being transferred conform with the policies and investment objectives of the scheme to which the transfer is being made.
  • The scheme is not allowed to make investments in any fund of fund schemes.

Dividend Policy of Reliance ETF Long Term Gilt

The Trustees have the right to declare dividends under the scheme provided that distributable surplus is available, and the distribution of dividends along with the frequency at which dividends are distributed will depend upon the Trustee. Unitholders will receive the dividend if their names are present on the register of unitholders on the record date. Unitholders will receive the dividend amount after the deduction of tax at source within 30 days from the date on which dividends are declared.

Why you should invest in Reliance ETF Long Term Gilt

Reliance ETF Long Term Gilt is a good investment option to consider if you want to generate income and create wealth for the long term.

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