Reliance Quant Plus Fund is a mutual fund scheme linked to equity. The scheme was launched in the year 2008 and its performance since then has been average. The scheme is largely invested in large cap stocks in order to yield greater stability to the fund. At present the fund has around 99.13% exposure to large cap stocks and only 0.86% exposure to mid cap company stocks.
Type or nature of fund
Reliance Quant Plus Fund is an open-ended equity scheme
Investment objective
Reliance Quant Plus Fund aims to generate capital growth by investment in stocks of large cap companies and minor exposure to stocks of mid cap companies. While large cap stocks yield stability to the portfolio, mid cap stocks offer good returns. The scheme follows a mathematical model to invest in stocks listed on the CNX Nifty Index.
Fund Information
| Inception date | 18th April 2008 |
| CRISIL rank | NA |
| Options | Dividend, Growth and Bonus |
| Schemes |
Reliance Quant Plus Fund – Direct Plan (D) Reliance Quant Plus Fund – Direct Plan (G) Reliance Quant Plus Fund – Direct Plan (B) Reliance Quant Plus Fund – Retail Plan (D) Reliance Quant Plus Fund – Retail Plan (G) Reliance Quant Plus Fund – Retail Plan (B) |
| Entry load | NA |
| Exit load | 0.25% if redeemed or switched out before completion of 1 month from the date of allotment of mutual fund units. After completion of 1 month of holding the units, the exit load is nil. |
| Minimum investment | Rs.5000 and in multiples of Re.1, thereafter. |
| SIP |
Systematic Investment Plan or SIP scheme is available for Reliance Quant Plus Fund. Following are the investment amounts permissible for this. Minimum investment amount for investing in SIP is listed below:
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| Product label – Risk and target investors | Reliance Quant Plus is a moderately high risk mutual fund scheme. The scheme is best for customers who are looking for long term capital appreciation via equity investment and for investors who do not wish to take this scheme as the primary instrument of their financial portfolio |
| Benchmark | CNX Nifty Index |
| SWP | Yes, Available |
| STP | Yes, Available |
| Redemption | Reliance Quant Plus mutual fund units can be redeemed by placing a redemption request with the fund provider. Usually, it takes 3-4 days for the request to be processed. The maximum permissible processing time however is 10 days. |
| Taxation | The tax on returns earned through any equity related scheme is nil if the units are held for 1 year or more. In case the units are redeemed within one year of obtaining the fund then the returns earned are taxable. |
Fund manager
Omprakash Cuckian is the fund manager for R* shares banking ETF. Omprakash graduated from Mumbai university where he studied commerce and then completed his AICWA degree. Apart from finance he also enjoys theater and music. Other funds managed by Omprakash include the following:
- R*Shares CNX 100 ETF
- Reliance Index Fund – Nifty Plan
- R*Shares Consumption ETF
- R*Shares Nifty ETF
- R*Shares Dividend Opportunities ETF
- R*Shares Sensex ETF
- R*Shares NV20 ETF
- R*Shares Gold ETF
- Reliance Gold Savings Fund
- Reliance Capital Builder Fund III – Series A
- Reliance Dual Advantage Fixed Tenure Fund
Investment philosophy or strategy
Stated below is the investment philosophy or strategy of Reliance Quant Plus mutual fund scheme.
- Actively managed investment fund that approaches stock selection based on a proprietary mathematical model
- It offers twin expertise of stock-selection model as well as fund managers, making it a well researched financial product
- On a weekly basis, the model shortlists 15-20 CNX stocks which can be invested in
- Various parameters like valuation, price, momentum and quality are taken into account before zeroing in on the stock
- Finally, fund manager's choice and system-based model's choice is amalgamated to come up with the right stock mix for the fund
Portfolio – Sector / Top holdings
Listed below are the top ten stock holdings of Reliance Quant Plus Fund.
| HOLDING | ALLOCATION(%) | SECTOR | TYPE |
| State Bank of India | 7.94% | Banking | Equity |
| Infosys Ltd. | 7.82% | IT | Equity |
| ICICI Bank | 7.76% | Banking | Equity |
| Axis Bank Ltd. | 7.67% | Banking | Equity |
| Larsen & Toubro Ltd. | 7.66% | Engineering & Capital Goods | Equity |
| HDFC Bank Ltd. | 7.62% | Banking | Equity |
| Reliance Industries Ltd. | 6.73% | Oil & Gas | Equity |
| ITC Ltd. | 5.53% | Service | Equity |
| Maruti Suzuki Ltd. | 5.23% | Automobile | Equity |
| Tata Motors Ltd. | 4.48% | Automobile | Equity |
Fund Performance
| AUM | Rs. 179.87 crores |
| NAV | Rs. 10.793 |
| Portfolio Turnover Ratio | 1.53 |
| Sharpe Ratio | 0.0856 |
Benchmark and Returns Comparison
Following is the benchmark and returns comparison for Reliance Quant Plus Fund as per data from May 29th, 2015.
| Compounded Annualised Returns | Scheme Returns % | Benchmark Returns % |
| Returns for last 1 year | 16.72 | 16.70 |
| Returns for last 3 years | 18.92 | 19.45 |
| Returns for last 5 years | 11.84 | 10.72 |
| Returns since inception (Inception date April 18, 2008) | 10.38 | 7.75 |
Expert view of the fund
Reliance Quant Plus Fund seeks to generate capital appreciation by investing in stocks and stock-related securities. The key differentiating factor of the scheme is that its research is based on fund manager expertise as well as system-based model. This means that stock selection from both these sources can be considered for drawing up the most optimized financial portfolio that is set to offer substantial returns. The fund primarily invests in stocks of large cap companies lending it stability and higher credibility. Reliance Quant Plus Fund is most suitable for investors looking for long term financial gains for goals like child's marriage or education, retirement planning and so on. The fund is not suitable for investors looking for a short-term investment avenue.
How to apply for Reliance Quant Plus Fund
Reliance Quant Plus fund can be applied for either through online or offline channels. For offline application, you need to visit any of the Reliance Mutual Fund branch and fill and submit a fund application form. Reliance Mutual Fund may ask certain KYC documents to be furnished in order to complete the application formalities.
For online application, users can visit the Reliance Mutual Fund website wherein the online application form can be filled and submitted. In case you are doubtful about which mutual fund scheme to avail, you can dial up and request an appointment with a fund expert from Reliance. This person will visit your place and help you choose a suitable fund scheme and will guide you through the application process as well.
