Reliance ETF Nifty 100

Performance

Reliance ETF Nifty 100 is an open-ended index exchange traded fund offered by Reliance Mutual Fund. The scheme offers long-term capital appreciation through investment in equity and equity-related instruments.

Investment Objective of Reliance ETF Nifty 100

The investment objective of Reliance ETF Nifty 100 is to offer investment returns that are commensurate with the overall returns offered by the securities on the Nifty 100 index.

Key Features of Reliance ETF Nifty 100

Here are some of the key features of Reliance ETF Nifty 100:

Investment Amount for Reliance ETF Nifty 100

Asset Allocation for Reliance ETF Nifty 100

Who can Invest in Reliance ETF Nifty 100?

The following entities can make investments in Reliance ETF Nifty 100:

• Resident Indian citizens who have attained the age of 18 years
• Persons of Indian Origin (POIs) and Non-Resident Indians (NRIs)
• Legal guardians or parents for investments on behalf of minors
• Charitable or Religious Trusts through trustees, and private funds with the authorisation to make investments in mutual fund schemes as per their trust deeds
• Financial institutions and banks (inclusive of regional rural banks)
• Special Purpose Vehicles with the approval of the appropriate authority
• Companies, corporate bodies, cooperative societies, Public Sector Undertakings, and trusts
• Hindu Undivided Families in the HUF’s or Karta’s name
• Foreign Institutional Investors registered with the Securities and Exchange Board of India
• Overseas multilateral agencies with the approval of the Indian Government
• Industrial and scientific research organisations
• Qualified Foreign Investors
• Foreign Portfolio Investors
• Partnership firms through partner(s)
• Navy, Air Force, Army and other paramilitary units
• Unincorporated body of persons with the approval of Reliance Capital Trustee Co. Limited
• Sponsor, trustee or Asset Management Company, or their associates
• Any other corporate bodies or institutions or investors as decided by the Asset Management Company from time to time

NAV Disclosure and Benchmark for Reliance ETF Nifty 100

The NAV of Reliance ETF Nifty 100 must be calculated on a daily basis and published in at least two national newspapers. The Net Asset Value must be declared on every business day on the website of the Association of Mutual Funds in India and the website of the fund house by 9:00 p.m. every working day, and failure to do so will require the Asset Management Company to provide an explanation to the Securities and Exchange Board of India regarding the reason for the delay.

Here is the formula used to compute the NAV of Reliance ETF Nifty 100:

(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 every day of the year and disclosed at the end of each working day.

Benchmark Index of Reliance ETF Nifty 100:

The benchmark adopted by Reliance ETF Nifty 100 is the Nifty 100 Index.

Reliance ETF Nifty 100 Fund Manager

Reliance ETF Nifty 100 has been managed by Payal Wadhwa Kaipunjal, who has over 16 years of experience in the mutual fund industry. Ms. Payal has been in charge of Reliance ETF Nifty 100 since January 2017, and she also manages a number of other funds for Reliance, such as Reliance ETF Junior BeES, Reliance ETF Gold BeES, Reliance Index Fund – Sensex Plan, Reliance Gold Savings Fund, etc.

Investment Restrictions of Reliance ETF Nifty 100

The following are some of the major investment restrictions of Reliance ETF Nifty 100:

• The scheme is restricted from making investments over 30% of its NAV in money market securities of a single issuer.
• The scheme is not allowed to make investments in any fund of funds scheme.
• The scheme is not allowed to advance loans for any purpose.
• The scheme is restricted from making investments in unlisted securities of group companies or associates of the sponsor, in securities issued by way of private placement by group companies or associates of the sponsor, and in listed securities of the sponsor’s group companies which is more than 25% of the scheme’s net assets.

Dividend Policy of Reliance ETF Nifty 100

The Trustees can declare dividends if they are available and depending upon the adequacy of distributable surplus. In case dividends are payable, the unitholders shall receive them net of TDS within 30 days from the date on which they are declared.

Why you should invest in Reliance ETF Nifty 100

Reliance ETF Nifty 100 is worth considering as an investment option as it facilitates capital growth in the long term through investment in equity and equity-related instruments and portfolios that try to replicate the composition of Nifty 100 Index.

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