Reliance ETF Shariah BeES

Performance

Reliance Mutual Fund, a subsidiary of Reliance Anil Dhirubhai Ambani Group, is one of the top mutual funds in the country. The company has great presence in all major cities across the country and aims to provide innovative products suited for the needs of its clients. As of the first quarter ended June 2018, Reliance Mutual Fund has total assets under management (AUM) of over Rs.2.40 lakh crore. With a diverse range of well-rounded products, the company aims to meet the expectations of customers and provide value to them.

Reliance ETF Shariah BeES is an open-ended index scheme offered by Reliance Mutual Fund. The investments made by the fund are designed to mimic the performance of Nifty50 Shariah Index. The fund comes with flexible terms to ensure that investors get adequate returns on the money they invest in this scheme.

Investment objective of Reliance ETF Shariah BeES

This fund aims to generate returns that closely mimic the Nifty50 Shariah Index by investing money in various securities of that index. Investments in the securities of Nifty50 Shariah Index will be made in similar proportion as in the index.

Key features of Reliance ETF Shariah BeES

Some of the notable features of Reliance ETF Shariah BeES can be listed as follows:

Investment amount for Reliance ETF Shariah BeES

*Note: There is no specific minimum balance requirement under this fund.

Asset allocation for Reliance ETF Shariah BeES

Who can invest in Reliance ETF Shariah BeES?

The following entities can subscribe to the units of this mutual fund:

• Adult residents of India, either singly or jointly (maximum of three)
• Parents or lawful guardians (on behalf of minors)
• Hindu Undivided Families (HUFs)
• Companies and corporate bodies
• Public sector undertakings
• Banks, financial institutions, and investment institutions
• Other mutual funds registered with SEBI
• Foreign institutional investors (FIIs) registered with SEBI
• Foreign portfolio investors
• Charitable and religious trusts
• Eligible institutions of army, navy, air force, and other paramilitary organisations
• Industrial research and scientific organisations
• Insurance companies and corporations registered with the IRDA
• Overseas financial organisations that have invested in India
• Retirement and employee benefit funds such as provident fund, pension, gratuity, etc.
• Qualified Foreign Investors

*Note: The above-mentioned list is indicative. Prospective investors are advised to consult with their financial advisors to check if this scheme is suitable to them.

NAV Disclosure and Benchmark for Reliance ETF Shariah BeES

The company will calculate and disclose the NAV of the fund on all working days. The NAV details will be published in at least two daily newspapers that have circulation all over the country. NAV information about the fund will also be updated in the company’s official website (www. reliancemutual.com / www.relianceetf.com) and the official website of the Association of Mutual Fund of India (www.amfiindia.com). This information will be published every working day before 9.00 PM.

The portfolio of the fund will be disclosed within from the close of each half year. This information will be published in a major English newspaper that circulates all over the country and in the language of the region where the head office of the mutual fund is located. Alternatively, the company may also send the portfolio information to its customers through email. The company will also publish the portfolio information of a specific month in its official website on or before the 10th day of the succeeding month.

The benchmark index for this scheme is Nifty50 Shariah Index.

Reliance ETF Shariah BeES Fund Manager

The fund manager for this scheme is Ms. Payal Wadhwa Kaipunjal, who has been managing this fund since November 05, 2016.

Investment Restrictions of Reliance ETF Shariah BeES

Some of the investment restrictions of Reliance ETF Shariah BeES can be listed as follows:

• This scheme will not advance term loans for any purpose.
• Inter-scheme transfer of investments shall be done as per the provisions listed out in the additional information of the fund scheme. Transfers shall be done as per the market price quoted on spot basis within the investment objective of the scheme.
• This scheme may invest in other mutual funds within the same AMC or other companies without charging any extra fees. Inter-scheme investment made within the same company shall not exceed 5% of the total NAV of the fund.
• The fund shall buy and sell securities on the basis of deliveries.
• Securities purchased by the fund will be transferred in the name of the fund.
• This scheme will not invest in any deposits.
• There will be no funds borrowed by this scheme.
• The fund will not make any investments in any associate or group company of the sponsor that is unlisted.
• The fund will not invest in any private placement securities issued by any associate or group company of the sponsor.
• No more than 5% of the fund’s NAV will be invested in unlisted equity shares or equity related securities.
• No investments will be made by the fund in any fund of funds scheme.
• No investments will be made by the fund in any securitized debt.
• The fund will also comply with any of the guidelines issued by SEBI with regard to mutual funds.
• No more than 10% of any company’s paid up capital voting rights shall be owned under this scheme.
• If the fund holds an aggregate of Rs.10 crore or more worth securities, its transactions would be settled only through dematerialised securities.

Dividend Policy of Reliance ETF Shariah BeES

The fund may declare dividends to its unit holders if there are any surplus funds available to distribute. There is no assurance, however, that dividend will be paid by the company regularly. The distribution of dividend is subject to the discretion of the Trustee. Upon declaration of the dividend, the amount must be paid to unitholders within a maximum of 30 days. The company may pay the dividend through any modes of payment including cheques, electronic fund transfer, etc., as per the convenience of the unitholder.

Other facilities under Reliance ETF Shariah BeES

This scheme does not provide any special products such as Systematic Investment Plan, Systematic Withdrawal Plan, Systematic Transfer Plan, etc.

Why you should invest in Reliance ETF Shariah BeES

This scheme is mainly intended for investors who wish to have capital appreciation over a long term. Since the scheme mainly reflects the index of Nifty50 Shariah Index, it is prone to high risks attributable to various economic, political, or social factors. However, this fund is also likely to provide high returns to investors over a long period of time. In the last five years, the fund has witnessed a growth of 14.19% and provided significant returns to investors. Investors can take advantage of the flexible terms offered by this fund without worrying about any exit load.

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