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  • Reliance ETF PSU Bank BeES

    Reliance ETF PSU Bank BeES
    Dividend Yearly
    NA
    Category
    Equity - ETF
    52-week NAV high
    448.60  (As on 24-01-2018)
    52-week NAV low
    290.18  (As on 26-10-2018)
    Expense
    0.54%  (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 2.50 -3.46 -5.33 -22.94 -4.00 0.62 -8.20 3.64 -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Growth
    Bonus
    NA
    Launch Date
    Oct 25, 2007
    Last Dividend
    NA
    Minimum Investment
    10000
  • Reliance Mutual Fund is one amongst the leading asset management firms in India with an Average Assets Under Management (AAUM) of Rs.2,40,445.37 crore as on June 2018 and manages 83.99 lakh folios. The fund house is a subsidiary of the Reliance Anil Dhirubhai Ambani (ADA) Group and has its presence in more than 150 cities across India. Reliance Mutual Fund was established in 1995 and has more than 50 schemes across asset classes of equity, debt, gold, ETFs, etc.

    The Reliance ETF PSU Bank BeEs is an open-ended exchange traded scheme which means it is listed on a stock exchange, and mimics the performance of Nifty PSU Bank Index. The scheme applies a passive strategy of investment that is designed to track the performance of its index by investing in assets forming the Nifty PSU Bank Index.

    Investment objective:

    To offer returns that are similar to the ones offered by securities that make up the Nifty PSU Bank Index.

    Key features:

    The Reliance ETF PSU Bank BeEs scheme was previously known as the R*shares PSU Bank BeES and exhibits the below features:

    Type of fund

    An open-ended Index Exchange Traded Scheme

    Plans available

    Growth

    Options under each plan

    Not Applicable

    Risk

    High

    Systematic Investment Plan

    Not Available

    Systematic Transfer Plan

    Not Available

    Systematic Withdrawal Plan

    Not Available

    Investment amount for Reliance ETF PSU Bank BeEs

    Minimum Application Amount

    On the exchange: 1 unit and in multiples thereof

    Directly with the fund: Creation unit size

    Minimum Additional Investment

    Not Applicable

    Minimum installment for Systematic Investment Plan (SIP)

    Not Available

    Minimum installment for Systematic Withdrawal Plan (SWP)

    Not Available

    Entry Load

    Not Applicable

    Exit Load

    Nil

    Asset Allocation for Reliance ETF PSU Bank BeEs

    Instruments

    Percentage of total assets

    Risk Profile

    Minimum

    Maximum

    Securities constituting the Nifty PSU Bank Index

    95%

    100%

    Medium to High

    Money market securities (with maturity less than 91 days) including cash and cash equivalents, CBLO

    0%

    5%

    Low to Medium

    Who can Invest in Reliance ETF PSU Bank BeEs

    The below-mentioned entities/persons are eligible to subscribe to the units of Reliance ETF PSU Bank BeEs:

    • Adult individuals residing in India, either singly or jointly (cannot exceed 3 people)
    • Hindu Undivided Families
    • Minors through a legal guardian or parent
    • Persons of Indian Origin (PIO)/Non-Resident Indians (NRIs), on repatriation or non-repatriation basis
    • Association of Persons or Body of Individuals
    • Corporate bodies and companies registered in India
    • Partnership firms in the name of any one of the partners
    • Universities and educational institutions
    • Financial institutions and banks (including Regional Rural Banks and Co-operative Banks)
    • Scientific and Industrial Research Organisations
    • Army, Navy, Air Force, and other paramilitary funds
    • Proprietorship in the name of the sole proprietor
    • Religious and Charitable Trusts, Wakfs or endowments of private trusts
    • SEBI registered Foreign Portfolio Investor
    • International Multilateral Agencies approved by the RBI and Government of India
    • Mutual fund schemes registered with SEBI (Securities and Exchange Board of India)
    • Pensions/Gratuity/Provident Fund to a permissible extent
    • AMC/Trustee or Sponsor or their associates

    NAV Disclosure and Benchmark for Reliance ETF PSU Bank BeEs

    The Net Asset Value (NAV) for this scheme is calculated by dividing the net assets of the scheme by the number of units that are outstanding on the date of valuation.

    The NAV is declared at the end of each business day and is calculated up to 4 decimals. The NAV will be updated on the website of AMFI (Association of Mutual Funds in India) at www.amfiindia.com by 9:00 p.m. and on the website of Reliance Mutual Fund - www.reliancemutual.com or www.relianceetf.com. The NAV will also be published in at least 2 newspapers with nationwide circulation on every business day.

    Liquidity: The units of the Reliance ETF PSU Bank BeEs can be purchased and sold like any other stock listed on the National Stock Exchange of India Ltd. (NSE) in the creation unit size.

    Benchmark Index: Nifty PSU Bank

    Fund Manager

    Ms. Payal Wadhwa Kaipunjal

    She has been a Senior Fund Manager with Reliance Nippon Life Asset Management Ltd. since November 2016 and specialises in equity investments. Some of the other funds managed by her are Reliance ETF Nifty BeEs, Reliance ETF Gold BeEs, Reliance ETF Junior BeEs, Reliance ETF Sensex, Reliance ETF NV20, Reliance Gold Savings Fund, etc.

    Investment Restrictions on Reliance ETF PSU Bank BeEs

    According to the SEBI (Securities and Exchange Board of India) guidelines, the below-given restrictions apply with regards to the Reliance ETF PSU Bank BeEs scheme:

    • The scheme will not advance any term loans for any purpose.
    • The scheme cannot invest above 10% of its NAV in debt securities that have been issued by a single issuer and rated above the investment grade by a credit rating agency. This limitation will not be applicable to investments in treasury bills, government securities, and CBLO (Collateralised Borrowing and Lending Obligation).
    • The fund shall not invest above 10% of its NAV in unrated debt securities and the total investment in such securities will not exceed 25% of the scheme’s NAV.
    • The scheme cannot invest above 5% of its NAV in the unlisted equity shares or equity-related instruments.
    • The scheme can borrow up to 20% of its assets to meet its liquidity needs. The duration of the borrowing should be less than 6 months.
    • The scheme cannot invest in securitised debt, fund of funds, and cannot own more than 10% of any firm’s paid-up capital voting rights.
    • The fund can invest in another scheme of Reliance Mutual Fund or any other mutual fund without charging any fees.
    • The scheme cannot make investments in - any unlisted security of a group company or associate of the sponsor, any security issued by private placement, any listed securities of sponsor’s group company which is more than 25% of the net assets.
    • The scheme can lend securities as per SEBI norms and will comply to all the SEBI regulations.
    • The total value of ‘illiquid securities’ should not exceed 15% of the total assets of the scheme.

    Dividend Policy of Reliance ETF PSU Bank BeEs

    The Reliance ETF PSU Bank BeEs offers only growth option but the Trustee may still choose to declare a dividend from time to time depending on the availability of distributable surplus. If dividend warrants are dispatched, it shall be done within 30 days from the declaration date of the dividend. If the AMC fails to dispatch the warrants within 30 days, it shall pay a 15% p.a. interest of the relevant dividend to the unitholders.

    Other facilities under Reliance ETF PSU Bank BeEs

    The Reliance ETF PSU Bank BeES does not offer Systematic Investment Plans, Systematic Transfer Plans or Systematic Withdrawal plans.

    Why you should invest in Reliance ETF PSU Bank BeEs

    • The units of Reliance ETF PSU Bank BeES can be traded on a stock exchange like a normal stock through terminals that are distributed across India.
    • The scheme has an ability to put limit orders and helps in increasing liquidity of the underlying cash market.
    • The units of Reliance ETF PSU Bank BeES can be purchased or sold anytime during market hours letting investors invest at real-time prices instead of end-of-day prices.
    • The process of investing in the Reliance ETF PSU Bank BeES is hassle-free as it can be done through a phone call or online and there is no need to fill up separate forms for either purchasing or selling the units.
    • The Reliance ETF PSU Bank BeEs offers protection to long-term investors from the outflows and inflows of short-term investors.
    • The scheme also offers flexibility to investors by letting them gain instant exposure to gold and equity markets, hedging between futures and cash market, and equitizing cash.
    • As the units of the Reliance ETF PSU Bank BeEs are issued in a demat form, the investor can receive a consolidated view of his/her investments without the need to add different account statements.

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

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