Reliance Vision Fund(G)

Reliance Vision Fund(G)
Dividend Yearly
NA
Category
Equity - Large Cap
52-week NAV high
559.31  (As on 17-01-2020)
52-week NAV low
345.85  (As on 23-03-2020)
Expense
2.15%  (As on 31-08-2020)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -3.31 11.63 29.95 -2.77 -0.19 -3.02 2.53 3.93 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Oct 08, 1995
Last Dividend
NA
Minimum Investment
5000

Reliance Mutual Fund (RMF) is considered to be India’s leading mutual fund company in today’s date. RMF currently holds an Average Assets Under Management worth Rs.2,40,445.37 crore. Being a part of the Reliance Anil Dhirubhai Ambani (ADA) Group, RMF has been growing at a tremendously fast pace and is known for providing investors with multiple investment options, in order to meet with their diverse investment requirements.

Present across 160 cities all over the country, RMF aims to constantly enhance their endeavours in launching a variety of investment products, and their efforts at providing the best customer service to their investors.

Reliance Mutual Fund (RMF) was given the status of a trust under the Indian Trusts Act, 1882. The settler/sponsor for RMF was Reliance Capital Limited (RCL) and its trustee was Reliance Capital Trustee Co. Limited (RCTC).

Investment Objective of Reliance Vision Fund

Reliance Vision Fund primarily aims to invest in equity and equity-related securities by way of an investment approach that is thoroughly research-based, in order to attain capital growth on a long-term basis for its investors. This scheme, however, does not guarantee the accomplishment of its objective.

Key Features of Reliance Vision Fund

Some of the significant features of Reliance Vision Fund are as indicated in the table below:

Type of fund

Open ended equity scheme

Plans available

  • Growth plan
  • Dividend plan
  • Direct plan - growth plan
  • Direct plan - dividend plan

Options under each plan

  • Growth plan - growth option
  • Dividend plan - dividend payout option and dividend reinvestment option
  • Direct plan-growth plan - growth option
  • Direct plan-dividend plan - dividend payout option and dividend reinvestment option

Risk

Moderately high

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment Amount for Reliance Vision Fund

The investment amount limitations as set by the company are given below:

Minimum application amount

Rs.5,000 in multiples of Re.1

Minimum additional investment

Rs.1,000 in multiples of Re.1

Minimum installment for Systematic Investment Plan (SIP)

  • Rs.100 per month - thereafter for a period of 60 months (minimum)
  • Rs.500 per month - thereafter for a period of 12 months (minimum)
  • Rs.1,000 per month - thereafter for a period of 6 months (minimum)
  • Rs.500 per quarter - thereafter for a period of 12 quarters (minimum)
  • Rs.1,500 per quarter - thereafter for a period of 4 quarters (minimum)
  • Rs.5,000 per year - thereafter for a period of 2 years (minimum)

Minimum installment for Systematic Withdrawal Plan (SWP)

Rs.500

Entry load

N/A

Exit load

For units redeemed or switched out either on or before one year from the allotment date of units - 1%

Asset Allocation for Reliance Vision Fund

Instruments

Indicative Asset Allocation (Percentage of Total Assets)

Risk Profile

Equity and equity-related products

Maximum - 100%

Minimum - 70%

Medium to high

Large cap companies

Maximum - 65%

Minimum - 35%

Medium to high

Mid cap companies

Maximum - 65%

Minimum - 35%

Medium to high

Money market and debt instruments

Maximum - 30%

Minimum - 0%

Low to medium

REIT and InvIT issued units

Maximum - 10%

Minimum - 0%

Medium to high

Who can Invest in Reliance Vision Fund?

The following entities are eligible to subscribe to this scheme (subject to statutory regulations):

  • Resident adult individuals - either singly or jointly (not more than three)
  • Minors - with the help of a parent or guardian - singly
  • Members of the Hindu Undivided Family (HUF) by means of the Karta
  • Partnership firms
  • Corporate entities, companies, Public Sector Undertakings (PSUs), a consortium of individuals and societies that have been registered under the Societies Registration Act, 1860
  • Financial entities and banks
  • Mutual funds that have been registered under SEBI
  • Religious establishments and charitable trusts, private trust endowments, and private trusts that have been permitted to make investments in mutual fund schemes under their deeds
  • Non-resident Indians (NRIs), Persons of Indian Origin (POI) living outside the country either on non-repatriation or repatriation basis
  • Foreign Institutional Investors (FIIs) who have been registered under SEBI on a repatriation basis
  • Paramilitary units, officials of the navy, army, air force and entities formed by such institutions
  • Industrial and scientific research organisations
  • Multilateral funding agencies, Reserve Bank of India, and entities formed outside India with the permission of the Indian Government
  • Reliance Mutual Fund (RMF) schemes that are included under other heads, as per the regulations specified by SEBI
  • Sponsor, trustee, AMC, and their associates can choose to subscribe to this scheme
  • Foreign investor with authentic credentials and qualifications
  • Foreign portfolio investors (FPIs) as specified by SEBI
  • Other entities, corporations, or individuals that AMC may decide from time to time, with conformity to SEBI regulations

NAV Disclosure and Benchmark for Reliance Vision Fund

According to the Regulation 48(2) of the SEBI Mutual Funds Regulation 1996, the Net Asset Value of the scheme will be required to be computed and published in two daily newspapers on a regular basis. The fund house will henceforth be responsible for the declaration of the NAV of the scheme on each business day on the AMFI’s website www.amfiindia.com. In case the NAV disclosure does not materialise at the beginning of a business day, the Fund house will thereafter be required to issue a press release stating the reasons and providing a timeframe within which the NAV of the scheme will be published.

NAV Computation

The Units’ NAV is determined according to the regulations and formula as provided by SEBI. The formula for NAV computation has been given below:

NAV = (Market value of the scheme’s investments + receivables + accrued income + any other assets - accrued expenses - payables - other liabilities)/total number of outstanding units

Liquidity: Unitholders can choose to either redeem, switch-in or switch-out units on each working day on a regular basis. According to regulations specified by SEBI, redemption of units can be commenced within a period of ten days of receiving a redemption request.

Benchmark Index: The benchmark for the scheme - Reliance Vision Fund is S&P BSE 250 LargeMidcap. S&P BSE 250 Large Midcap Index essentially encompasses large and midcap space companies. Therefore, this benchmark is considered to be an appropriate one for Reliance Vision Fund as it will have its primary investment in large and midcap stocks.

Fund Manager for Reliance Vision Fund

The senior fund manager for this scheme is Mr. Ashvin Kumar and he has been handling operations in the scheme since 2003. Mr. Ashwin holds an MBA degree in finance and also has a vast experience in the capital markets.

The fund manager for this scheme who handles overseas investments is Ms. Jahnvee Shah. She holds an MBA degree in finance and has vast experience and knowledge about overseas investments.

Investment Restrictions of Reliance Vision Fund Scheme

There are certain limitations placed on the scheme. They are mentioned below:

  • The scheme will not make an investment which is more than 10% of its Net Value Asset (NAV) in debt instruments that consist of non-money market and money market instruments issued by a single issuer. The limit of such investment may be extended to 12%, however, prior approvals from the Board of Trustees and the Board of directors will be required.
  • The scheme will not make an investment which is more than 10% of its NAV in debt instruments that are not rated (unrated debt instruments) issued by a single issuer. The total investment made in such instruments must not transcend 25% of the total NAV of the scheme. An approval and permission from the Board of Trustees and the Board of directors of the asset management company will be required herein.
  • AMCs and mutual funds will be required to make sure that the total exposure of debt schemes in group mutual funds does not surpass 20% of the total net assets of the scheme. With an approval from Board of Trustees and the Board of directors, this limit may further be extended to 25%.
  • The mutual fund under all the schemes calculated together must not own more than 10% of any company’s capital carrying voting rights.
  • Investment transfer in Reliance Vision Fund is allowed, however, there are certain limitations to this rule. The transfer from one scheme to another will be authorised if:
    • These transfers materialise at an ongoing market price for instruments that are quoted on a spot basis.
    • The transferred securities must be in accordance with the investment objective and the policies of the said scheme.
  • The scheme is authorised to make investments in multiple other schemes under the very same asset management company or in a separate mutual fund without having to pay any additional fee, provided the inter scheme investments aggregate does not surpass 5% of the Net Asset Value (NAV) of the mutual fund.
  • The mutual fund shall make purchases and trade securities based on the deliveries made. It must also refrain from putting itself in a situation wherein a short sale has to be made or transactions have to be carried forward.
  • If long-term investments are involved, the fund will be required to get the securities transferred or purchased in the Fund’s name, on the account of the said scheme.
  • The mutual fund’s scheme will not be allowed to make investments in:
    • Any security that is unlisted and belongs to an associate or a group firm of the sponsor
    • Any security that has been issued by means of private placement by either an associate or a group firm of the sponsor
    • Securities that are listed and belong to group firms of the sponsor which in turn exceeds 25% of the NAV of the said scheme.
  • The scheme will not be permitted to make investments in fund of fund schemes.

Dividend Policy of Reliance Vision Fund

When the scheme’s dividends are declared by the company, the net assets that are credited to the unitholders are reduced by a certain amount that is equal to the product of the number of units that are permitted for dividend payout. The element of NAV remains unchanged in the Growth option. According to the guidelines stated by SEBI, the redemption that is unclaimed and the dividend amount that has not been claimed by the unitholder will be released into money market or call money market instruments. The unclaimed redemption may also be deployed to a separate plan altogether, which could be a liquid scheme, a money market mutual fund scheme, and so on.

Why you Should Invest in Reliance Vision Fund

Backed by a legitimately strong entity such as Reliance Anil Dhirubhai Ambani Group, Reliance Mutual Fund (RMF) essentially devises meaningful collective investment schemes and strategies for effective savings and investment for those who stay in India and outside India (NRI and POI). Simultaneously, RMF also takes care of liquidity needs of unitholders whenever required. With their effective strategies, RMF also provides funds that have been raised, for the unitholders to earn a reasonable return upon their subsequent investment.

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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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