Reliance Media & Entertainment Fund is based on investment in the media and entertainment sector. The scheme invests in stocks of companies in the mentioned business. The fund is ideal for customers looking for long term growth of capital and those that have a higher risk appetite.
Type or nature of fund
Reliance Media & Entertainment Fund is an open-ended media and entertainment sector mutual fund scheme
Investment objective
Reliance Media & Entertainment Fund is aimed at generating continuous returns by investing in stocks and equity related securities of companies that are in the media and entertainment industry.
Fund Information
| Inception date | 7th October 2004 |
| CRISIL rank | NA |
| Plans | Growth and Bonus Plans |
| Schemes |
The Scheme offers following Plans / Options: Reliance Media & Entertainment Fund Direct Plan(D) Reliance Media & Entertainment Fund Direct Plan(G) Reliance Media & Entertainment Fund Direct Plan(B) Reliance Media & Entertainment Fund(D) Reliance Media & Entertainment Fund(G) Reliance Media & Entertainment Fund(B) |
| Entry load | NIL |
| Exit load | 1% if redeemed before completion of 1 year, NIL if redeemed after completion of 1 year from date of allotment of units |
| Minimum investment | Rs.5000 and then in multiples of Re.1 for customers who avail Reliance Banking mutual fund scheme |
| SIP |
Yes. Following is the break-up for various SIP options available to investors. Minimum investment amount for investing: is-
|
| Product label – Risk and target investors | High, best-suited for investors who are looking for long-term capital appreciation and are willing to take risk with respect to their capital |
| Benchmark | CNX Media & Entertainment Index |
| SWP | Yes, Available |
| STP | Yes, Available |
| Redemption | Reliance Media & Enter Fund redemption proceeds are dispatched within 10 working days after receiving a valid redemption request from customer. Fund provider is required by SEBI, to pay a penal rate of interest of 15% per annum if the redemption is not processed within the stipulated time frame |
| Taxation | Based on nature of income and type of fund taxation will differ for different investors. For specific taxation guidelines, it is best to consult a financial adviser. However, tax applies to mutual funds in addition to this a small amount of surcharge too, is levied |
Fund manager
Sailesh Raj Bhan
Sailesh is an MBA in finance and has done his CFA course. He has over 12 years of experience in equity research and analysis. Prior to Reliance Mutual Funds, Sailesh has been with financial companies like Emkay Shares, Shah and Sequeira and ICFAI. Following are the other fund schemes managed by him.
- Reliance Top 200 Fund (Erstwhile Reliance Equity Advantage Fund)
- Reliance Pharma Fund
- Reliance Equity Opportunities Fund
- Reliance Equity Linked Saving Fund – Series I
- Various Series of Reliance Dual Advantage Fixed Tenure Fund
- Reliance Close ended equity fund
- Reliance Capital Builder Fund - II - Series A, B & C
Investment philosophy or strategy
Following is the investment philosophy for Reliance Media & Entertainment fund.
- Focused approach to invest in leaders and potential leaders across the media and entertainment sector
- The fund has a flexi-cap structure making it flexible to invest in all types of companies
- New media segments like internet, radio etc. are expanding business and hence lending more opportunities
- Good return on investment policy is the basic driving factor for this fund
- Businesses with sustainable profit growth are the focus of this fund
Portfolio – Sector / Top 10 holdings
Following are the stocks in which Reliance Media & Entertainment Fund is invested currently.
| Name | Sector | Class | Allocation % |
| ZEE ENTERTAINMENT ENTERPRISES LTD | Banking and Finance | Equity | 13.06 |
| HINDUSTAN MEDIA VENTURES LTD | Banking and Finance | Equity | 12.81 |
| HT MEDIA LTD | Banking and Finance | Equity | 10.06 |
| INFO EDGE (INDIA) LTD | Banking and Finance | Equity | 9.16 |
| JAGRAN PRAKASHAN LTD | Banking and Finance | Equity | 9.04 |
| HATHWAY CABLE & DATACOM LTD | Banking and Finance | Equity | 8.26 |
| PVR LTD | Banking and Finance | Equity | 7.64 |
| SUN TV NETWORK LTD | Banking and Finance | Equity | 7.08 |
| INOX LEISURE LTD | Banking and Finance | Equity | 7.06 |
| TV18 BROADCAST LTD | Banking and Finance | Equity | 5.98 |
Risk measures
The risk measures listed below have been calculated by taking rolling return for a 3 year period from 31/08/2012 to 31/08/2015
| Sharpe Ratio | 0.12 |
| Alpha | NA |
| Beta | NA |
| Portfolio Turnover Ratio | 0.37 |
Fund Performance
| AUM | Rs.89.71 Crores |
| NAV | Rs.20.372 as of 3rd September, 2015 |
| Expenses, expense ratio | NA |
Benchmark Comparison
Following is the benchmark comparison for Reliance Media & Entertainmnet Fund as per data from May 29th, 2015.
| Compounded Annualised Returns | Scheme Returns % | Benchmark Returns % |
| Returns for the last 1 year | 5.71 | 9.03 |
| Returns for the last 3 years | 22.47 | 25.66 |
| Returns for the last 5 years | 13.38 | 10.01 |
| Returns since inception | 16.1 | 12.05 |
Absolute Returns for each financial year for the last 5 years are mentioned above.
Expert view of the fund
Reliance Media and Entertainment fund is focused at investing in the media and entertainment sector. The fund invests in equity and equity related securities of media related companies. These companies in India are on a growing curve and as such are good investment option for long term profit realization. The fund however, is biased towards small and mid cap funds in order to perform aggressively and hence is in the high risk type. Investors who wish to reap long term benefits and those that have a greater risk appetite should go for this fund.
How to apply for Reliance Entertainment & Media Fund
Reliance Entertainment & Media mutual fund can be obtained both offline as well as online. In order to apply online, you must visit the Reliance Mutual Fund website wherein the company has furnished the option of online application of mutual funds.
For offline mutual fund application, you will need to visit any of the Reliance Mutual Fund branch office. You will be required to fill in an an application form and submit it along with certain KYC documents. Alternatively, fund advisers from the company can be contacted in order to learn detailed aspects of mutual funds offered by Reliance and apply subsequently. The company also has mobile application as well as mobile website which can be used by customers on the go, if they want to invest in Reliance Entertainment & Media Fund.
