Reliance Money Manager Fund

Reliance Money Manager-Ret(WD-P)
Dividend Yearly
NA
Category
Debt - Ultra Short Term
52-week NAV high
 
52-week NAV low
 
Expense
0.0% 

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns - - - - - - - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Last Dividend
NA
Minimum Investment
100000

Reliance Money Manager Fund is a popular mutual fund scheme by Reliance. The scheme aims at making consistent profit by investing in debt instruments and money market instruments. This fund offers investors an opportunity to yield profits at a shorter interval of time. The nature of this fund provides greater flexibility in construct of portfolio. The fund is ideal for investors with a lower risk appetite and shorter investment horizon.

Type or nature of fund

Reliance Money Manager Fund is an open-ended income scheme

Investment objective

Reliance Money Manager Fund is aimed at generating optimum returns by investing in mildly conservative investment avenues like money market instruments and debt instruments

Fund Information

Inception date 21st March 2007
CRISIL rank NA
Plans Retail Plan, Direct Plan and Institutional Plan  
Schemes

Reliance Money Manager Direct Plan (G)

Reliance Money Manager Direct Plan (B)

Reliance Money Manager Direct Plan (WD)

Reliance Money Manager Direct Plan (MD)

Reliance Money Manager Direct Plan (QD)

Reliance Money Manager Direct Plan (DD)

Reliance Money Manager Retail Plan (G)

Reliance Money Manager Retail Plan (B)

Reliance Money Manager Retail Plan (WD)

Reliance Money Manager Retail Plan (MD)

Reliance Money Manager Retail Plan (QD)

Reliance Money Manager Retail Plan (DD)

Reliance Money Manager Institutional Plan (G)

Reliance Money Manager Institutional Plan (B)

Reliance Money Manager Institutional Plan (WD)

Reliance Money Manager Institutional Plan (MD)

Reliance Money Manager Institutional Plan (QD)

Reliance Money Manager Institutional Plan (DD)

Entry load NIL
Exit load NIL
Minimum investment Rs.5000 and then in multiples of Re.1 for customers who avail Reliance Money Manager mutual fund scheme
SIP Sip investment option is available for Reliance Money Manager Fund. Following is the SIP amount break-up for various time slots. Minimum investment amount for investing: is-
  1. Rs.500/- per month then in multiples of Re. 1/- for minimum 12 months
  2. Rs.1000/- per month then in multiples of Re. 1/- for minimum 6 months
  3. Rs.500/- per quarter then in multiples of Re. 1/- for minimum 12 quarters
  4. Rs.1500/- per quarter then in multiples of Re. 1/- for minimum 4 quarters
  5. Rs. 5000/- per year then in multiples of Rs. 500/- for minimum 2 years
Product label – Risk and target investors Moderately Low, Target investors are people who have a comparatively lower risk profile and who wish to reap consistent and decent returns on their money via a conservative investment approach
Benchmark CRISIL liquid fund index
SWP Yes, Available
STP Yes, Available
Redemption Redemption of Reliance Money Manager Fund units will be done by the fund provider on a legitimate request by customers. The redemption will be done within 10 days from the request and is generally processed in 3-4 days.
Taxation Taxation process for Reliance Money Manager Fund depends upon the type of fund and the period of the fund scheme. However, customers are advised to figure out the exact tax details in consultation with a professional tax adviser.

Fund Manager

Following are the Fund Managers who manage investment strategy of the Reliance Money Manager fund.

  • Amit Tripathi:

Amit is has an MBA degree in finance from Fore School of Management and has done his Bachelors of Commerce from B.J.B College, Bhubaneshwar. He specializes in asset management and has been with Reliance Mutual Funds for the past 12 years. Before Reliance Mutual Fund, Amit was working as an Administrative Officer with New India Assurance.

Apart from Reliance Money Manager Fund, following are the funds managed by Amit -

Reliance Regular Savings Fund, Balanced Option

Reliance Monthly Income Plan

Reliance Floating Rate Fund

Reliance Medium Term Fund

Reliance Liquidity Fund

  • Anju Chhajer

Anju Chhajer is a CFA holder before which she completed her Bachelor of Commerce from Shib Nath Shastri College, Kolkata. She has over 16 years of experience in the financial industry and was working with National Insurance Company for almost 10 years before joining Reliance Mutual Fund. Following are the funds managed by her.

Reliance Japan Equity Fund

Reliance US Equity Opportunities Fund

Reliance Equity Savings Fund

Reliance Medium Term Fund

Reliance Liquid Fund – Cash Plan

Reliance Liquid Fund – Treasury Plan

Reliance Retirement Fund – Income Generation Scheme

Reliance Retirement Fund – Wealth Creation Scheme

Investment philosophy or strategy

Following is the investment philosophy or strategy on which Reliance Money Manager Fund performs.

  • Portfolio – Sector / Top 10 holdings

Given below is the break-up of share holdings of the Reliance Money Manager Fund.

Name Class Allocation %
CARE A1+ Debt & Money Market Instruments 0.63
CARE AA+ Debt & Money Market Instruments 4
CARE AAA Debt & Money Market Instruments 4.35
CRISIL A1+ Debt & Money Market Instruments 20.27
CRISIL AA+ Debt & Money Market Instruments 0.68
CRISIL AA- Debt & Money Market Instruments 0.24
CRISIL AAA Debt & Money Market Instruments 9.45
IND A1+ Debt & Money Market Instruments 9.78
IND AA- Debt & Money Market Instruments 1.01
IND AAA Debt & Money Market Instruments 1.93
[CRA]A1+ Debt & Money Market Instruments 36.14
[CRA]AA Debt & Money Market Instruments 1.3
[CRA]AA+ Debt & Money Market Instruments 1.16
[CRA]AA- Debt & Money Market Instruments 2.47
Cash and other receivables Debt & Money Market Instruments 6.62
  • Fund Performance
AUM Rs.10065.43 Crores
NAV Rs.1086.997as of 4th September, 2015
Expenses, expense ratio NA

Benchmark Comparison

Following is the benchmark comparison for Reliance Diversified Power Sector Fund as per data from May 29th, 2015.

Compounded Annualized Returns Absolute Returns % Annualized Returns %
Returns for the last 1 year 8.7 116
Returns for the last 3 years 29.7 24
Returns for the last 5 years 54.4 24

Absolute Returns for each financial year for the last 5 years are mentioned above.

Expert view of the fund

Reliance Money Manager Fund is one of the most prominent savings fund schemes. This mutual fund invests in debt instruments and other money market instruments which ensure that there is decent growth of your money along with minimized risks. The fund is ideal for customers with low risk appetite and those looking to invest in a short-term quick mutual fund scheme. This fund has a ultra-short investment period where investments are typically made for a period between 2-6 months. Not more than 20% of the portfolio is invested in money market assets with a period between 9-18 months. The average maturity of the portfolio hovers in the range of 150-200 days. The fund predominantly invests in instruments with the highest rank.

How to apply for Reliance Money Manager Fund

Reliance Money Manager Fund can be signed up for either online or offline. Offline channel consists of visit to any Reliance Mutual Fund offices and filling plus submitting of the application form. After submission of form and relevant documents, fund is allocated in your name. For online application, you need to visit Reliance Mutual Fund website where existing customers can log in using their credentials while new customers can first register and then make a profile for logging in. An online application form can then be filled.

You can also choose to avail the services of a Reliance mutual fund expert who can visit your place in order to familiarize you with various mutual fund schemes and to help you decide which one will suit your financial status and goals, the most.

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

News About Reliance Money Manager Fund

  • Muthoot Finance plans to enter mutual fund space in 6 months

    World’s largest gold financing company, Muthoot Finance, is planning to enter the mutual fund space and vehicle finance business over the next 6 months. This decision has been taken by the company in order to reduce their dependency on their gold loan business. The Managing Director of the firm, Mr. George Alexander Muthoot, has revealed in a statement that an in-principle clearance has been received by the company and they have a period of 6 months to begin the operations. He is hopeful that they can commence the mutual fund operations within the stipulated time frame.

    Mr. Alexander has also stated that the mutual fund business will help enhance their current gold financing business. Stocks of Muthoot Finance gained momentum after the company reported its highest growth in disbursing loans in 11 quarters. The company has also started a new subsidiary known as Muthoot Money for its vehicle finance business which will commence in October 2018.

    7 September 2018

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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