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Profile

Essentials

Fund category

Equity - Index Fund

Scheme plan

Growth

Scheme type

Open Ended

Launch date

June 19, 2008

Fund manager

Mr. Krishan Daga

Fund info

AMC

Reliance Capital Asset Management Ltd.

Objective

The investment objective of Reliance Banking Exchange Traded Fund (RBETF) is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX Bank Index. However, the performance of Scheme may differ from that of the underlying index due to tracking error.

Asset (Rs crore

The Reliance Mutual Fund house has come out with its latest NFO or New Fund Offer. Its called the Reliance Infrastructure Fund. Seeing the recent positive trends in the stockmarket and the stable government formation, it is betting on the Infrastructure growth in the country. Also, the good response received by the ICICI Prudential Target Returns Fund (Review & Analysis) where it managed to collect 800

Fund info

Crore Rs. from the market, has also sent a positive message to the mutual fund industry. Hence Reliance, which is one of the big mutual fund houses of India, has come out with the Reliance Infrastructure Fund. What is the basic investment strategy or ideology for the Reliance Infrastructure Fund? Its obvious to everyone now. There is going to be a stable government at the center, led by an economist. Stability so there can be progress and that will be lead by improvement in infrastructure. Hence, this Reliance Infrastructure Fund aims to generate returns by investing in the infrastructure companies under the assumption that they will benefit and give positive returns. They expect government funding, private equity investments, Public Private partnerships PPP, Foreign investments, etc. to be the source of money for infrastructure companies and hence they wish to benefit from the same. Related: Risk Factors related to Mutual Funds Which specific sectors and areas will the Reliance Infrastructure Fund invest There Airports Banks, Cement Coal Construction Electrical Engineering Energy Industrial Metals Ports Power Road Telecommunication Transportation Urban Mining Aluminum What are the details of Reliance Infrastructure Fund? The Reliance Infrastructure Fund is an open ended scheme so you can buy and sell units at the NAV values every business day. 65% 10 100% of the money will be invested Infrastructure including Housing & Commercial Infrastructure and & Power Railway equipment initiatives including Coal, Capital & Oil & Gas, Petroleum & & Pipelines Products Minerals Goods & Electronic components Financial Institutions & & Term lending Cement Institutions Products is a long list available. Some of them are indicated in? below:

Fund info

in equities or stocks, rest will be debt and money market instruments and cash. Available Growth Plan: plans Growth Option for & Bonus investments: Option

Dividend Plan: Dividend Payout Option & Dividend Reinvestment Option Minimum investment amount for retail investors is Rs. 5000. Which benchmark index will be tracked by Reliance Infrastructure Fund? It will be BSE 100. What is the load structure: entry load and exit load for Reliance Infrastructure big???) Exit load: 1% if redeemed/switched on or before completion of 1 year from the date of allotment Nil if redeemed/switched after completion of 1 year from the date of allotment However, that high entry laod of 2.25% will not be charged if the investor applies directly to the Reliance Mutual Fund House. Is there any Systematic Investment Plan or SIP plan available for investing in Reliance Infrastructure Fund? Yes. SIP is availble in the Retail Plan of Reliance Infrastructure Fund. What is the NFO period or dates for Reliance Infrastructure Fund? The NFO period is currently open from 25th May 2009 to 23rd June 2009. Scheme to re-open on July 22nd , 2009. Whats the final summary and risk of investing in Reliance Infrastructure Fund? The Reliance Infrastructure Fund is another simple mutual fund which is betting on the growth of infrastructure in the country. So nothing so special and exciting about the mutual fund. Like any other mutual fund, this fund will try to generate returns. The long list of areas/sectors they have provided The for big investing, covers almost is, everything will in this the infrastructure fund region. deliver? question Fund? For retail investors upto 2 Crores of investment, 2.25% is the entry load (isnt that

That will happen only if the fund managers really identify the gems in the infrastructure sector to maximize the returns. So as like any other mutual fund or fund manager, you have to bet on the fund managers performance. Then there is danger for this infrastructure sector to underperform. What if the global problems continue and there is no foreign or private investment coming to infra sector. What if other internal problems block the growth of this sector. So its the investors call

Fund info

Reliance Equity Advantage Fund


Objective : Reliance Equity Advantage Fund seeks to provide capital appreciation and long-term growth through investment in equity, equity related instruments and debt and money market securities. Structure Inception : Open Date : July ended 10, scheme. 2007

Plans and Options under the Plan : Institutional and Retail Plans with Growth and Dividend Options.

Face Minimum Institutional-

Value

(Rs/Unit): Rs Investment 50000000, Regular-

10 : 5000.

Rs

Rs

Entry Exit Load : Nil

Load

: Nil

BACK

KEY SCHEME FEATURES


Name of the Scheme
Investment objective

Reliance Equity Advantage Fund (An open ended Diversified Equity Scheme)
The primary investment objective of the scheme is to seek to generate capital appreciation and provide long term growth opportunities by investing in a portfolio predominanatly of equity and equity related instruments with investments generally in S&P CNX Nifty stocks and the secondary objective is to generate consistent returns by investing in debt and money market securities. Equity & Equity Related Instruments-7 -100%, Debt & Money % ( 25% of the corpus in securitised Debt) 0 Instruments Market Instruments (including investments in Securitised Debt) 0-30 including up to

Asset Allocation Pattern

Differentiation

The fund has a sector neutral approach & endeavors to give Index plus returns. Sector weightage of the fund would mirror exactly that of Nifty on monthly basis. Minimum 80% of stocks within each sector would be constituents of Nifty, though not necessarily with their Nifty weights.Maximum 20% of stocks could be Non-Nifty in each sector to provide the additional alpha possibilities & opportunities.

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Rs.1400.35 Crore

404413 Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time. The fund proposes to invest 100% of the net equity investments in line with the sector ratio of S & P CNX Nifty. The fund will endeavor to replicate the sector allocation of the S & P CNX Nifty on a monthly basis. At least 80% of the equity investments will be in S & P CNX Nifty stocks and the balance exposure in other stocks. This means that investment gamut will mainly be stocks in S & P CNX Nifty index and to a small extent in other stocks of belonging to any/all sectors Under each of Retail and Institutional Plans following options are included: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment)

Investment Strategy

Plans and Options

MinimumApplicationAmount Retail Plan: Rs. 5000 & in multiples of Re 1 thereafter, Institutional Plan: Rs.5 crore & in multiples of Re 1 thereafter MinimumAdditional Purchase Amount Minimum Redemption

Retail Plan: Rs. 1000 & in multiples of Re 1 thereafter, Institutional Plan: Rs. 1 lac & in multiples of Re 1 thereafter Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account. S&P CNX Nifty

Benchmark

Fund Manager Performance of the Scheme as on 31/05/2010

Ashwani Kumar & Sailesh Raj Bhan

Reliance Equity Advantage Fund- Retail Plan - Growth Inception date- 9/8/07 Compounded Annualised Returns 3

Period Scheme Returns %


S&P CNX Nifty Index Returns %

Year 1
17.41

Years
N.A.

5 Years
N.A.

Returns Since Inception


6.11

14.24

N.A.

N.A.

5.26

Past performance may or may not be sustained in future 7.52 -36.26 73.76 2.87 -31.86 69.06 -45.00 -35.00 -25.00 -15.00 -5.00 5.00 15.00 25.00 35.00 45.00 55.00 65.00 75.00 FY 09-10 FY08-09 FY07-08* Reliance Equity Advantage Fund-Retail-Growth S&P CNX Nifty * Since Inception: 09th Aug 2007 Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Retail Plan - Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 3 years)

Expenses of the Scheme (i) Load Structure Entry Load

Retail Plan:Nil, Institutional Plan: Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load
will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor Exit Load

Retail Plan & Institutional Plan 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after the completion of 1 year from the date of allotment of units
As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

(ii) Recurring Expenses

Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

Retail Plan 1.92% Institutional Plan 1.72%

Name of the Scheme


Investment objective

Reliance NRI Equity Fund(An open ended diversified equity scheme)


The primary investment objective of the scheme is to generate optimal returns by investing in equity and equity related instruments primarily drawn from the Companies in the BSE 200 Index Equity & Equity Related Instruments -65-100% & Debt & Money Market Instruments 0-35% (*including upto 35% of the corpus in securitised Debt ) @ Instruments * @ primarily drawn from the BSE 200 Index The fund is an ideal & exclusive offering for NRI investors who are seeking exposure to equity to participate in the India story & the Indian markets in the diversified equity space.The fund primarily aims to invest in top 200 companies by market capitalization. Rs. 134.26 Crore 4524

Asset Allocation Pattern

Differentiation

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time. The fund will, in general invest a significant part of its corpus in equities however pending investments in equities, the surplus amount of the fund should be invested in debt and money market instruments. Also whenever good investment opportunity are not available, or the equity market is not likely to perform in the view of the Fund manager the Fund will reduce its exposure to equity and during that period the surplus asset of the Fund shall be invested in debt and money market instruments. The fund will in general follow a strategy of higher portfolio reshuffling with a view to capture the short term movements in the markets as well as to encash the opportunity arising due to various events.

Investment Strategy

Plans and Options Growth (Growth, Bonus) & Dividend (Payout & Reinvestment) MinimumApplicationAmount Rs. 5000 & in multiples of Re 1 thereafter MinimumAdditional Purchase Amount Rs. 1000 & in multiples of Re 1 thereafter

Minimum Redemption

Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account. BSE 200 Omprakash Kuckian Reliance NRI Equity Fund- Growth Inception date-16/11/04

Benchmark Fund Manager Performance of the Scheme as on 31/05/2010

Compounded Annualised Returns 3

Period
Scheme Returns % BSE-200 Returns %

1 Years
29.94 21.27

Years
11.73 6.81

5 years
24.75 19.32

Returns Since Inception


25.85 19.99

Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 5 years) Past performance may or may not be sustained in future 24.13
10.2 62.82 94.90 -34.86 17.21 24.31 65.7 92.87 -40.98 -60.00 -40.00 -20.00 0.00 20.00 40.00 60.00 80.00 100.00 120.00 FY 09-10FY 08-09FY 07-08FY 06-07FY 05-06 BSE200Reliance NRI Equity Fund Growth

Expenses of the Scheme

(i) Load Structure Entry Load In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor Nil

Exit Load

1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units
As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

(ii) Recurring Expenses

Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

2.45%

Name of the Scheme


Investment objective

Reliance Vision Fund (An open ended equity growth scheme)


The primary investment objective of the scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach. Equity & Equity Related Instruments- 60-100%, Debt Instruments 0- 30% & Money Market Instrument 0- 10%

Asset Allocation Pattern

Differentiation

The fund aims to achieve long term capital appreciation through investment in high quality large size capitalization stocks with a small exposure in mid size capitalization stocks.

AUM as on 31st May 2010

Rs. 3591.84 Crore

No of Folios as on 31st May 2010 Risk Mitigation Factors

493176

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures formonitoring investment restrictions and effective implementation ofvarious norms prescribed by SEBI from time to time. The portfolio shall be structured so as to keep risk at acceptable levels. This shall be done through various measures including: 1. Broad diversification of portfolio 2. Ongoing review of relevant market, industry, sector and economic parameters 3. Investing in companies which have been researched 4. Investments in debentures and bonds (where the tenure exceeds 18 months) will usually be in instruments which have been assigned investment grade ratings by any approved rating agency Under each of Retail and Institutional Plans following options are included: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment)

Investment Strategy

Plans and Options

MinimumApplicationAmount Retail Plan: Rs. 5000 & in multiples of Re 1 thereafter, Institutional Plan: Rs. 5 crore & in multiples of Re 1 thereafter MinimumAdditional Purchase Amount Minimum Redemption Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account. Benchmark BSE 100 Index

Retail Plan: Rs. 1000 & in multiples of Re 1 thereafter, Institutional Plan: Rs. 1Lac & in multiples of Re 1 thereafter

Fund Manager Performance of the Scheme as on 31/05/2010

Ashwani Kumar Reliance Vision Fund - Retail Plan - Growth Inception date-08/10/95

Compounded Annualised Returns 3

Period Scheme Returns % BSE100 Returns %

1 Year
26.17

Years
7.81

5 years
22.28

Returns Since Inception


24.59

18.54

6.57

20.20

12.36

Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Retail Plan - Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 5 years) 79.64 8.95 21.47 -35.1 69.57 11.57 24.98 -39.97 88.44 88.17 -50 0 50 100 FY05-06 FY06-07 FY07-08 FY08-09 FY09-10 Reliance Vision Fund - Growth BSE100 Past performance may or may not be sustained in future

Expenses of the Scheme

(i) Load Structure Entry Load

Retail Plan:Nil, Institutional Plan: Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load
will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Exit Load

Retail Plan & Institutional Plan 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after the completion of 1 year from the date of allotment of units
(ii) Recurring Expenses As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

Retail Plan 1.83% Institutional Plan 1.63%

KEY SCHEME FEATURES

Name of the Scheme


Investment objective

Reliance Equity Fund(An Open ended diversified equity scheme)


The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities of top 100 companies by market capitalization & of companies which are available in the derivatives segment from time to time and the secondary objective is to generate consistent returns by investing in debt and money market securities. Equity and Equity related Instruments 75-100% and Debt Instruments and Money Market Instrument (including investments in Securitised debt) 025%. ) The fund focuses on large cap(stocks belonging to top 100 companies by m-cap) and which are present in F&O segment with a hedging/shorting feature. Rs.1918.71 Crore 510991

Asset Allocation Pattern

Differentiation

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures formonitoring investment restrictions and effective implementation ofvarious norms prescribed by SEBI from time to time. The Broad Investment strategy of the fund will be to invest in equity & equity related securities of the Top 100 companies by market cap & also in companies in the derivatives segment. The fund will also use the derivatives route to hedge the equity portfolio & the extent to which the portfolio will be hedged will be linked tothe P/E of the Index. as mentioned in the Scheme Information Document.The extent of hedging of the portfolio is determined based on the month-end weighted average PE ratio of the Index, which in this case will be the S&P CNX Nifty.

Investment Strategy

Plans and Options Under each of Retail and Institutional Plans following options are included: Growth (Growth and Bonus) & Dividend (Payout and Reinvestment) MinimumApplicationAmount Retail Plan: Rs. 5000 & in multiples of Re 1 thereafter Institutional Plan: Rs. 5 crore & in multiples of Re 1 thereafter

MinimumAdditional Purchase Amount Minimum Redemption

Retail Plan: Rs. 1000 & in multiples of Re. 1 thereafter Institutional Plan: Rs. 1 lac & in multiples of Re. 1 thereafter Redemptions can be forany amount orany numberofunits. However, in orderto keep the account in operation, minimum balance equalto the minimum subscription amount undereach ofthe plans, is required to be maintained in the account. S&P CNX Nifty

Benchmark Fund Manager Performance of the Scheme as on 31/05/2010 Omprakash Kuckian

Reliance Equity Fund - Retail Plan - GrowthInception date-30/03/06 Compounded Annualised Returns 3

Period Scheme Returns % S & P CNX Nifty Returns %

1 Years
10.00

Years
5.13

5 years
N.A

Returns Since Inception


8.65

14.24

5.79

N.A

9.99

Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Retail Plan - Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 5 years) S&P CNX Nifty Reliance Equity Fund - Growth * Since Inception: 30th
March 2006 FY08-09 FY07-08FY06-07FY05-06*

Past performance may or may not be sustained in future Percentage (%) 73.76 -36.19 23.89 12.31 -0.48 59.63 -30.06 20.29 8.66 0.1 -45.00 -35.00 -25.00 -15.00 -5.00 5.00 15.00 25.00 35.00 45.00 55.00 65.00 75.00 FY09-10

Expenses of the Scheme

(i) Load Structure Entry Load Retail Plan: Nil. Institutional Plan: Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor Exit Load Retail Plan & Institutional Plan 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after the completion of 1 year from the date of allotment of units

(ii) Recurring Expenses As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds. Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

Retail Plan 1.86% Institutional Plan 1.68%

Name of the Scheme


Investment objective

Reliance Growth Fund (An open ended equity growth scheme)


The primary investment objective of the scheme is to achieve long term growth of capital by investing in equity and equity related securities through a research based investment approach. Equity & Equity Related Instruments- 65-100% & Debt Instruments & Money Market Instrument upto 0-35%

Asset Allocation Pattern

Differentiation The core philosophy of the fund is to focus on high quality mid cap stocks while having a small exposure to large cap stocks.

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Rs.7428.96 Crore 942376

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time. Investment Strategy The portfolio shall be structured so as to keep risk at acceptable levels. This shall be done through various measures including: 1. Broad diversification of portfolio2. Ongoing review of relevant market, industry, sector and economic parameters 3. Investing in companies which have been researched 4. Investments in debentures and bonds (where the tenure exceeds 18 months) will usually be in instruments which have been assigned investment grade ratings by any approved rating agency Under each of Retail and Institutional Plans following options are included: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment) MinimumApplicationAmount Retail Plan: Rs. 5000 & in multiples of Re 1 thereafter, Institutional Plan: Rs. 5 crore & in multiples of Re 1 thereafter MinimumAdditional Purchase Amount Minimum Redemption

Plans and Options

Retail Plan: Rs. 1000 & in multiples of Re 1 thereafter, Institutional Plan: Rs. 1Lac & in multiples of Re 1 thereafter Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account. BSE 100 Index

Benchmark

Fund Manager Performance of the Scheme as on 31/05/2010 Period

Sunil Singhania Reliance Growth Fund-Retail Plan-Growth Inception date-08/10/95

Compounded Annualised Returns 3

1 Year Scheme Returns % BSE100 Returns %


35.54

Years
14.47

5 years
27.22

Returns Since Inception


29.50

18.54

6.57

20.20

12.36

Past performance may or may not be sustained in future 92.28 12.96 28.59 -37.94 112.06 69.57 11.57 24.98 -39.97 88.17 -50 0 50 100 150 Reliance Growth Fund- Growth BSE100 FY05-06 FY06-07 FY07-08 FY09-10 FY0809 Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Retail Plan - Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 5 years)

Expenses of the Scheme

(i) Load Structure Entry Load

Retail Plan:Nil, Institutional Plan: Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load
will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Exit Load

Retail Plan & Institutional Plan 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after the completion of 1 year from the date of allotment of units
(ii) Recurring Expenses As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

Retail Plan 1.80% Institutional Plan 1.60%

Name of the Scheme


Investment objective

Reliance Long Term Equity Fund(An Open Ended Diversified Equity Scheme)
The primary investment objective of the scheme is to seek to generate long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and Derivatives and the secondary objective is to generate consistent returns by investing in debt and money market securities. Equity & Equity Related Securities 70%-100% & Debt Instruments & Money Market Instruments (including investments in securitised debt) 0% 30% The fund is an open ended diversified equity scheme which focuses on small & mid cap stocks with a long term investment horizon

Asset Allocation Pattern

Differentiation

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Rs. 1648.00 Crore 374787

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time.

Investment Strategy The investment strategy of the Scheme is to build and maintain a diversifi ed portfolio of equity stocks that have the potential to appreciate.The aim will be to build a portfolio that adequately refl ects a cross-section of the growth areas of the economy from time to time. While the portfolio focuses primarily on a buy and hold strategy at most times, it will balance the same with a rational approach to selling when the valuations become too demanding even in the face of reasonable growth prospects in the long run. Plans and Options Growth Plan (Growth Option) Dividend Plan - (Dividend Payout Option & Dividend Reinvestment Option) MinimumApplicationAmount Rs. 5,000/- and in multiples of Re. 1 thereafter under each plan MinimumAdditional Purchase Amount Minimum Redemption

Rs. 1000/- and in multiples of Re. 1 thereafter Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account. BSE 200

Benchmark

Fund Manager Performance of the Scheme as on 31/05/2010

Sunil Singhania

Reliance Long Term Equity Fund - Growth Plan - Growth Option Inception date - 27/12/06 Compounded Annualised Returns 3

Period Scheme Returns % BSE-200 Returns %

1 Years
33.35

Years
9.29

5 years
N.A

Returns Since Inception


10.42

21.27

6.81

N.A

7.96

Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 4 years) Past performance may or may not be sustained in futureBSE200Reliance Long Term Equity Fund * Since Inception Period -45.00 -35.00 -25.00 -15.00 -5.00 5.00 15.00 25.00 35.00 45.00 55.00 65.00 75.00 85.00 95.00 -2.77 15.18 -37.46 92.87 -5.95 24.13 -40.91 94.86 FY 09-10FY 08-09FY 07-08FY 06-07*

Expenses of the Scheme

(i) Load Structure Entry Load In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor Nil

Exit Load

1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units
As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

(ii) Recurring Expenses

Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

1.90%

Name of the Scheme

Reliance Equity Opportunities Fund(An open ended diversified equity scheme)

Investment objective

The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. Equity & Equity Related Instruments-75-100%, Debt & Money s 25% (25% of the corpus in securitised Debt) Instruments Market Securitie (including investments in Securitised Debt) 0 The fund has the mandate to invest across companies(belonging to different sectors) with different market caps; be it large, mid or small.The fund manager would have the flexibility to be overweight in a particular sector or market caps depending on the potential & opportunities as they arise. The investment horizon of the fund is minimum 2 yrs.

Asset Allocation Pattern

Differentiation

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Rs. 2069.96 Crore 312567

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time. The Fund will endeavor to continuously analyze the performance of economy and industry, which would be reflected in the investment pattern of the fund. The Fund would seek both value & growth, which are likely to commence from the ongoing structural changes in the government policies, infrastructure spending and continuous global economic reforms which tries to integrate different economies across the globe. The primary approach to stock selection will be through the Top down approach i.e Sector Industry-- Company.

Investment Strategy

Plans and Options Under each of Retail and Institutional Plans following options are included: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment) MinimumApplicationAmount Retail Plan: Rs. 5000 & in multiples of Re 1 thereafter, Institutional Plan: Rs. 5 crore & in multiples of Re 1 thereafter MinimumAdditional Purchase Amount Minimum Redemption Retail Plan: Rs. 1000 & in multiples of Re 1 thereafter, Institutional Plan: Rs. 1Lac & in multiples of Re 1 thereafter

Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account. BSE 100 Index

Benchmark

Fund Manager Performance of the Scheme as on 31/05/2010

Sailesh Bhan Reliance Equity Opportunities Fund- Retail Plan-Growth Inception date-31/03/05

Compounded Annualised Returns 3

Period Scheme Returns % BSE100 Returns %

1 Year
54.43

Years
10.93

5 years
24.79

Returns Since Inception


24.66

18.54

6.57

20.20

20.27

85.93 10.11 7.44 -38.12 69.57 11.57 24.98 -39.97 88.17 129.84 -50 0 50 100 150 FY05-06 FY06-07 FY07-08 FY08-09 FY09-10 Reliance Equity Opportunities Fund - Growth BSE100 Past

performance may or may not be sustained in future Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Retail Plan- Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 5 years)

Expenses of the Scheme

(i) Load Structure

Entry Load

Retail Plan:Nil, Institutional Plan: Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load
will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Exit Load

Retail Plan & Institutional Plan 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after the completion of 1 year from the date of allotment of units
(ii) Recurring Expenses As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

Retail Plan 1.93% Institutional Plan 1.70%

Name of the Scheme


Investment objective

Reliance Regular Savings Fund Equity Option (An Open ended scheme)
The primary investment objective of this option is to seek capital appreciation and/or to generate consistent returns by actively investing in Equity &Equity-related Securities.

Asset Allocation Pattern

Equity and Equity related securities 80%-100% and Debt and Money Market Instruments with an average maturity of 5-10 years -0% - 20%

Differentiation

Reliance Regular Savings Fund has been launched as an asset-allocator fund which gives investor an option to invest either in equity, debt or both. The scheme is a growth oriented aggressive equity fund which adopts a multi cap strategy to capitalize on market trends especially in volatile markets. Rs. 2722.37 Crore 550953

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time. Investment Strategy Investment may be made in listed or unlisted securities. Listed securities refer to securities listed on any of the recognized Stock Exchanges. Investments may be made as secondary market purchases, initial public offer, rights offers private placement etc. The Fund would identify companies for investment, based on the following criteria amongst others: 1. Sound Management 2. Good track record of the company 3. Potential for future growth 4. Industry economic scenario

Plans and Options Growth Plan & Dividend Plan (Dividend Payout Option & Dividend Reinvestment Option) MinimumApplicationAmount Rs. 500 & in multiples of Re.1 thereafter MinimumAdditional Purchase Amount Minimum Redemption

Rs. 500 & in multiples of Re.1 thereafter Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account. BSE 100

Benchmark

Fund Manager Performance of the Scheme as on 31/05/2010

Omprakash Kuckian

Reliance Regular Savings Fund - Equity Option - Growth Plan Inception date- 09/06/2005 Compounded Annualised Returns 3

Period
Scheme Returns %

1 Years
31.99

Years
18.84

5 years
N.A.

Returns Since Inception


23.09

BSE100 Returns %
18.54 6.57 N.A. 19.85 Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 5 years) Past performance may or may not be sustained in futureBSE100 Reliance RSF -Equity-Growth * Since Inception: 9th June 2005 Period Absolute Returns for each Financial Year for the last 5 years 88.17 24.98 11.57 60.83 112.90 51.5 21.7818.33 -45.00 -25.00 -5.00 15.00 35.00 55.00 75.00 95.00 115.00 -39.9738.56 FY09-10 FY08-09 FY07-08FY06-07FY05-06*

Expenses of the Scheme

(i) Load Structure Entry Load

Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor
effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Exit Load

1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units
As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

(ii) Recurring Expenses

Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

1.94%

Name of the Scheme


Investment objective

Reliance Regular Savings Fund- Balanced Option (An Open ended scheme)
The primary investment objective of this option is to generate consistent return and appreciation of capital by investing in a mix of securities comprising of equity, equity related instruments and fixed income instruments. Equity and Equity Related Securities-50%-75%,Debt & Money Market instruments-25%-50%

Asset Allocation Pattern Differentiation The fund focuses on reducing volatility of returns by increasing / decreasing equity exposure based on the market outlook and using a core debt portfolio to do the rebalancing The fund can invest 50%-75% of its corpus in equity & 25%-50% in debt related instruments.

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Rs. 539.15 Crore 36955

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time.

Investment Strategy

The Scheme will, under normal market conditions, invest its net assets primarily in Equity and equity related instruments and balance in fixedincome securities, money market instruments and cash equivalents.For investments in equity and equity related securities, the Fund would identify companies for investment, based on the following criteria amongst others: a. Sound Management b. Good track record of the company c. Potential for future growth. Industry economic scenario

Plans and Options Growth Plan & Dividend Plan (Dividend Payout Option & Dividend Reinvestment Option) MinimumApplicationAmount Rs. 500 & in multiples of Re. 1

MinimumAdditional Purchase Amount Minimum Redemption

Rs. 500 & in multiples of Re. 1

Redemptions can be forany amount orany numberofunits. However, in orderto keep the account in operation, minimum balance equalto the minimum subscription amount undereach ofthe plans, is required to be maintained in the account. Crisil Balanced Fund Index

Benchmark Fund Manager Performance of the Scheme as on 31/05/2010 Arpit Malaviya & Omprakash Kuckian

Reliance Regular Savings Fund- Balanced Option-Growth Plan Inception date - 13/01/2007 Compounded Annualised Returns 3

Period
Scheme Returns %

1 Years
31.62

Years
19.08

5 years
N.A.

Returns Since Inception


18.26

Crisil Balanced Fund Index Returns%

11.49

7.87

N.A.

8.32

Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 4 years) Past performance may or may not be sustained in futureAbsolute Returns (%) 21.59 91.31 19.53 -21.53 47.31 -20.54 -3.97 -3.73 -40 -20 0 20 40 60 80 100 FY 06-07* FY 07-08 FY 08-09 FY 09-10 RRSF Balanced Option Crisil Balanced Fund Index Period * Since Inception from 13th Jan 07

Expenses of the Scheme

(i) Load Structure

Entry Load

Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Exit Load (ii) Recurring Expenses

1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

Actual expenses for the previous financial year 2.33% (2009-2010) Year to date Ratio to Average AUM Reliance Regular Savings Fund -Hybrid Option was launched on June 9, 2005 and subsequently Hybrid Option has been changed to Balanced Option w.e.f. January 13, 2007. Consequently, benchmark of Reliance Regular Saving Fund Balanced option has been changed to Crisil Balanced Fund Index from Crisil MIP Index with effect from February 21, 2008. Accordingly performance of the scheme is from January 13, 2007.

Name of the Scheme


Investment objective

Reliance Infrastructure Fund (An Open ended

equity scheme)

The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors and which are incorporated or have their area of primary activity, in India and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Asset Allocation Pattern

Equities and equity related securities including derivatives engaged in infrastructure sectors and infrastructure related sectors 65100% *Debt & Money Market Securities 0-35% (*including upto 30% of the corpus in securitised Debt)

Differentiation The fund aims to invest in companies operating and listed in India related to infrastructure sector and infrastructure related activities.

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Rs. 1990.06 Crore 407406

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time. Investment Strategy The investment focus would be guided by the growth potential and other economic factors of the country. The Fund aims to maximize long-term total return by investing in equity and equity-related securities which have their area of primary activity in India .The Fund intends to invest in (i) Companies in sectors related to infrastructure; (ii) Companies operating and listed in India engaged in Infrastructure Sector and (iii) In diversified companies, where a major portion of their revenues (primary activity) is derived from the infrastructure related activities.

Plans and Options Under Retail and Institutional Plan there are two plans: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment) MinimumApplicationAmount Retail Plan: Rs. 5000 and in multiples of Re.1 thereafter Institutional Plan: Rs. 5 crore and in multiples of Re.1 thereafter

MinimumAdditional Retail Plan: Rs. 1,000 (plus in the multiple of Re.1)Institutional Plan: Rs. 1, 00,000 (plus in the multiple of Re.1) Purchase Amount
Minimum Redemption Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account. BSE 100

Benchmark

Fund Manager Performance of the Scheme as on 31/05/2010

Sunil Singhania
Reliance Infrastructure Fund-Retail Plan-Growth Inception date-20/07/09

Compounded Annualised Returns 3

Returns Since Inception Absolute


Returns

Period
Scheme Returns %

1 Years
N.A

Years
N.A

5 years
N.A 8.56

1BSE00 Returns %

N.A

N.A

N.A

12.97

Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Retail Plan- Growth Plan - Growth Option (Absolute returns Since inception ) Past performance may or may not be sustained in future 11.87 17.25 0 2 4 6 8 10 12 14
16 18 20 FY 09-10* Period Reliance Infrastructure Fund

- Growth BSE 100 * Since Inception: 20th July 2009 Percentage (%)

Expenses of the Scheme

(i) Load Structure

Entry Load

In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor Retail Plan: Nil Institutional Plan: Nil

Exit Load

Retail Plan & Institutional Plan 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after the completion of 1 year from the date of allotment of units
As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

(ii) Recurring Expenses

Actual expenses for the previous financial year (20092010) Year to date Ratio to Average AUM

Retail Plan 1.81% Institutional Plan 1.67%

Name of the Scheme


Investment objective

Reliance Natural Resources Fund (An Open ended

equity scheme)

The primary investment objective of the scheme is to seek to generate capital appreciation and provide long term growth opportunities by investing in companies principally engaged in the discovery, development, production or distribution of natural resources and the secondary objective is to generate consistent returns by investing in debt and money market securities. Equity and Equity related Securities of companies principally engaged in the discovery, development, production or distribution of natural resources in: 65%-100% ( Domestic Companies 65% -100 %, Foreign Companies as permitted by SEBI/RBI from time to time 0 %-35 %); Debt and Money market securities (including investments in securitised debt*):- 0%-35% (* including securitised debt upto 35%) A thematic fund which invests in Indian & Global companies related to natural resources and not in natural resources themselves.

Asset Allocation Pattern

Differentiation

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Rs.3358.46 Crore

1256062 Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time. The Fund invests principally in equity securities of issuers in natural resources industries. The Fund may invest in securities of issuers located anywhere in the world and normally will invest in securities of companies listed on The Bombay stock Exchange Limited (BSE), London stock Exchange Limited (LSE), New York Stock Exchange (NYSE), Toronto Stock Exchange (TSE) and Australian Stock Exchange (ASX).Companies in natural resources industries include companies that RCAM considers to be principally engaged in the discovery, development, production, or distribution of natural resources or are service providers to the Natural Resources Industry; the development of technologies for the production or efficient use of natural resources in addition also furnishing of related supplies or services.

Investment Strategy

Plans and Options Under each of Retail and Institutional Plans following options are included: Growth (Growth and Bonus) & Dividend (Payout and Reinvestment) MinimumApplicationAmount Retail Plan: Rs. 5000 & in multiples of Re 1 thereafter Institutional Plan: Rs. 5 crore & in multiples of Re 1 thereafter MinimumAdditional Purchase Amount Minimum Redemption Retail Plan: Rs. 1000 & in multiples of Re. 1 thereafter Institutional Plan: Rs. 1 lac & in multiples of Re. 1 thereafter

Redemptions can be forany amount orany numberofunits. However, in orderto keep the account in operation, minimum balance equalto the minimum subscription amount undereach ofthe plans, is required to be maintained in the account.

**A custom benchmarkcreated using the BSE-200 to the extent of65% ofportfolio and MSCIWorld Energy Index forbalance 35% of the portfolio. Benchmark Fund Manager Performance of the Scheme as on 31/05/2010 Ashwani Kumar, Shiv Chanani Reliance Natural Resources Fund - Retail Plan-Growth Plan-Growth Option Inception date - 26/02/08

Compounded Annualised Returns 3

Period
Scheme Returns %

1 Years
7.62

Years
N.A.

5 years
N.A.

Returns Since Inception


-3.29

Benchmark Returns %

11.63

N.A.

N.A.

-6.57

Past performance may or may not be sustained in future 71.24 -40.76 -10.43 64.47 -36.08 -3.78

-45.00 -35.00 -25.00 -15.00 -5.00 5.00 15.00 25.00 35.00 45.00 55.00 65.00 75.00 FY09-10 FY08-09 FY07-08* Custom Benchmark** Reliance Natural Resources Fund -Retail Growth **A custom benchmark created using the BSE-200 to the extent of 65% of portfolio and MSCI World Energy Index for balance 35% of the portfolio *Since Inception 26th Feb 08 Period Performance of the Scheme as on

31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Retail Plan- Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 3 years)

Expenses of the Scheme

(i) Load Structure Entry Load Retail Plan: Nil. Institutional Plan: Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor Exit Load Retail Plan & Institutional Plan 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after the completion of 1 year from the date of allotment of units As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

(ii)Recurring Expenses

Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

Retail Plan 1.82% Institutional Plan NA

**Since the MSCI World Energy Index will be US Dollar denominated, the conversion into Indian Rupees will happen based on the settlement price of the MSCI World Energy Index as on the last working day prior to the valuation date using the RBI refrence rate as of 4.00p.m on the valuation date.

Name of the Scheme


Investment objective

Reliance Banking Fund (An open ended Banking sector scheme)


The primary investment objective of the scheme is to generate continuous returns by actively investing in equity and equity related or fixed income securities of companies in banking sector Equity & Equity Related Instruments-0-100% & Debt Instruments & Money Market Instruments 0-100% (including upto 50% of the corpus in securitised Debt) The fund aims to generate consistent returns by investing in equity / equity related or fixed income securities of Banking and otherassociated companies.The fund follows an active strategy of management with endeavor to generate alpha and outperform the Banking Index. Rs.1145.86 Crore 96125

Asset Allocation Pattern

Differentiation

AUM as on 31st May 2010

No of Folios as on 31st May 2010 Risk Mitigation Factors

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time. The proportion of investment between equity and debt will be decided based on the view of the fund manager on anticipated movement in both debt as well as equity markets. The Fund manager can also take aggressive calls on the market by going upto 100% in equity or 100% in debt at any point of time or any other appropriate ratio depending upon his view. The allocation between debt and equity will be decided based upon the prevailing market conditions, macroeconomic environment, the performance of the corporate sector, the equity market and other considerations. To achieve the primary objective, the fund could invest in either debt or equity securities of companies in banking sector

Investment Strategy

Plans and Options Under each of Retail and Institutional Plans following options are included: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment) MinimumApplicationAmount Retail Plan: Rs. 5000 & in multiples of Re 1 thereafter, Institutional Plan: Rs.5 crore & in multiples of Re 1 thereafter MinimumAdditional Purchase Amount Minimum Redemption Retail Plan: Rs. 1000 & in multiples of Re 1 thereafter, Institutional Plan: Rs. 1 lac & in multiples of Re 1 thereafter

Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account. S&P CNX Bank Index Sunil Singhania

Benchmark Fund Manager

Performance of the Scheme as on 31/05/2010

Reliance Banking Fund - Retail Plan - Growth Inception date-28/05/03

Compounded Annualised Returns 3

Period
Scheme Returns % S&P CNX Bank Index Returns %

Year 1
37.38 31.72

Years
25.15 14.34

5 years
27.32 22.60

Returns Since Inception


35.50 29.59

performance may or may not be sustained in future Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Retail Plan - Growth Plan - Growth Option (Absolute returns for
Reliance Banking Fund S&P CNX Banks Index Past

each Financial Year for the last 5 years) -45.00 -35.00 -25.00 -15.00 -5.00 5.00 15.00 25.00 35.00 45.00 55.00 65.00 75.00 85.00 95.00 105.00 115.00 125.00 135.00 28.42 15.20 25.96 -39.23 125.18 24.47 14.60 43.57 -30.26 120.51 FY09-10 FY08-09 FY07-08
FY06-07 FY05-06

Expenses of the Scheme

(i) Load Structure Entry Load

Retail Plan:Nil, Institutional Plan: Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Exit Load

Retail Plan & Institutional Plan 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after the completion of 1 year from the date of allotment of units
(ii) Recurring Expenses As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds. Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

Retail Plan 2.06% Institutional Plan 1.95%

Name of the Scheme

Reliance Diversified Power Sector Fund

(An open ended power sector scheme)

Investment objective

The primary investment objective of the scheme is to seek to generate continuous return by actively investing in equity and equity related or fixed income securities of Power and other associated companies Equity & Equity Related Instruments-0 100% & Debt & Money M k t Instruments with Average Maturity of 5-10 years - 0 - 100% ar e (including upto 100% of the corpus in securitised Debt) The fund focuses on companies related to power sector. It provides opportunity to diversify within the sector, with focused approach and flexibility to invest in power distribution, transmission and generation related companies. Rs.5315.28 Crore

Asset Allocation Pattern

Differentiation

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

862706 Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time. The Fund Manger will have discretion to completely or partially invest in any of the type of securities stated in the Scheme Information Document with a view to maximize the returns or on defensive considerations. The debt part of the portfolio will not necessarily be invested in the power sector, it would include other debt and money market instruments. The proportion of investment between equity and debt will be decided based on the view of the fund manager on anticipated movement in both debt as well as equity markets. The Fund manager can also take aggressive calls on the market by going upto 100% in equity or 100% in debt at any point of time or any other appropriate ratio depending upon his view. The allocation between debt and equity will be decided based upon the prevailing market conditions, macroeconomic environment, and the performance of the corporate sector, the equity market and other considerations. Under each of Retail and Institutional Plans following options are included: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment)

Investment Strategy

Plans and Options

MinimumApplicationAmount Retail Plan: Rs. 5000 & in multiples of Re 1 thereafter, Institutional Plan: Rs.5 crore & in multiples of Re 1 thereafter MinimumAdditional Purchase Amount Minimum Redemption Retail Plan: Rs. 1000 & in multiples of Re 1 thereafter, Institutional Plan: Rs. 1 lac & in multiples of Re 1 thereafter

Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account. India Power Index Sunil Singhania

Benchmark Fund Manager

Reliance Diversified Power Sector Fund - Retail Plan- Growth Inception date-10/05/04 Performance of the Scheme as on 31/05/2010 Compounded Annualised Returns 3

Period
Scheme Returns % India Power Index Returns %

Year 1
24.78 0.83

Years
23.74 9.31

5 years
38.67 22.11

Returns Since Inception


40.30 20.85

Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Retail Plan - Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 5 years) Past performance may or may not be sustained in future 51.24 -30.56 51.20 1.36 78.72 96.06 -35.78 82.92 16.06 -40.00 -30.00 -20.00 -10.00 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00 FY09-10 FY08-09 FY07-08 FY06-07 FY05-06 India Power Index Reliance Diversified Power Sector
Fund 110.18

Expenses of the Scheme

(i) Load Structure

Entry Load

Retail Plan:Nil, Institutional Plan: Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load
will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Exit Load

Retail Plan & Institutional Plan 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after the completion of 1 year from the date of allotment of units
(ii) Recurring Expenses As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

Retail Plan 1.81% Institutional Plan 1.70%

Name of the Scheme


Investment objective

Reliance Media & Entertainment Fund (An Open ended Media & Entertainment sector Scheme)
The primary investment objective of the scheme is to generate continuous returns by investing in equity and equity related or fixed income securities of Media & Entertainment and other associated companies

Asset Allocation Pattern

Equity & Equity Related Instruments-0-100% & Debt & Money Instruments with Average Maturity of 5-10 y rs-0-100% (including upto 100% of the corpus in securitised Debt) Market ea A sector specific fund which focuses on investing in companies related to media & entertainment sector.

Differentiation

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Rs.125.51 Crore 25797 Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time. The Fund will invest in equity securities whenever the equity market and shares from the media sector are expected to do well. However, whenever the equity market is not expected to do well, the Fund will shift its focus in debt, which in extreme cases of bearish equity market can go upto 100%. The proportion of investment between equity and debt will be decided based on the view of the fund manager on anticipated movement in both debt as well as equity markets. The allocation between debt and equity will be decided based upon the prevailing market conditions, macroeconomic environment, the performance of the corporate sector, the equity market and other considerations.

Investment Strategy

Plans and Options

Growth (Growth & Bonus) & Dividend (Payout & Reinvestment)

MinimumApplicationAmount Rs 5000 & in multiples of Re. 1 MinimumAdditional Purchase Amount Minimum Redemption Rs. 1000 & in multiples of Re. 1 thereafter

Redemptions can be forany amount orany numberofunits. However, in orderto keep the account in operation, minimum balance equalto the minimum subscription amount undereach ofthe plans, is required to be maintained in the account. S&P CNX Media & Entertainment Index

Benchmark Fund Manager Sailesh Raj Bhan

Performance of the Scheme as on 31/05/2010

Reliance Media & Entertainment Fund -Growth Inception date - 07/10/04 Compounded Annualised Returns 3

Period
Scheme Returns %

1 Years
28.63

Years
-3.47

5 years
17.98

Returns Since Inception


18.63

S&B CNX Media & Entertainment Index Returns %


CNX Media & Entertainment Index Past

32.24

-8.73

15.39

13.84

Period 83.45 29.02 -50.4 5.41 122.33 11.04 88.83 74.58 42.68 -59.13 -80 -60 -40 -20 0 20 40 60 80 100 120 140 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 Reliance Media & Entertainment Fund-Growth S&P

performance may or may not be sustained in future Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of - Growth Plan - Growth Option (Absolute returns for each

Financial Year for the last 5 years)

Expenses of the Scheme

(i) Load Structure Entry Load Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Exit Load 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units (ii) Recurring Expenses As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

2.44%

Name of the Scheme


Investment objective

Reliance Pharma Fund (An open ended pharma sector scheme)


The primary investment objective of the scheme is to seek to generate consistent returns by investing in equity and equity related or fixed income securities of Pharma and other associated companies Equity & Equity Related Instruments-0-100% & Debt & Money M Instruments with Average Maturity of 5-10 y -0-100% Instruments arket ears (including upto 100% of the corpus in securitised Debt) A dynamic asset allocation sector fund which aims to generate consistent returns by investing in large and mid cap companies spread across all important segments of the pharmaceutical industry.

Asset Allocation Pattern

Differentiation

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Rs. 424.86 Crore 40071

Investment Strategy

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time. The fund under normal circumstances shall invest at least 65% of the value of its total net assets either debt or equity securities in the Pharma Sector and associated companies of said sector. The proportion of investment between equity and debt will be decided based on the view of the fund manager on anticipated movement in both debt as well as equity markets. The Fund manager can also take aggressive calls on the market by going upto 100% in equity or 100% in debt at any point of time or any other appropriate ratio depending upon his view. The allocation between debt and equity will be decided based upon the prevailing market conditions, macroeconomic environment, the performance of the corporate sector, the equity market and other considerations.

Plans and Options Growth (Growth & Bonus) & Dividend (Payout & Reinvestment) MinimumApplicationAmount Rs. 5000 & in multiples of Re.1 thereafter MinimumAdditional Purchase Amount Minimum Redemption

Rs. 1000 & in multiples of Re 1 thereafter Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account. BSE Healthcare Index

Benchmark

Fund Manager Performance of the Scheme as on 31/05/2010

Sailesh Raj Bhan

Reliance Pharma Fund - Growth Inception date-08/06/2004 Compounded Annualised Returns 3

Period
Scheme Returns % BSE Health Care Returns %

1 Years
98.20 59.38

Years
28.21 12.63

5 years
31.10 15.14

Returns Since Inception


30.99 16.13

Past performance may or may not be sustained in future Reliance Pharma Fund- Growth 64.35 1.47 11.4 88.27 154.12 -12.465.41-5.04 51.2 -26.45-50 0 50 100 150 200 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 Period Absolute Returns (%) BSE Health Care Index Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 5 years)

Expenses of the Scheme (i) Load Structure

Entry Load

Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor
effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Exit Load

1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units
As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

(ii) Recurring Expenses

Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

2.39%

Name of the Scheme


Investment objective

Reliance Tax Saver (ELSS) Fund (An Open ended Equity Linked Savings Scheme)
The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments

Asset Allocation Pattern

Equity and Equity related securities 80-100% and Debt and Money Market Instrument 0 - 20%

Differentiation

The fund is an open ended equity linked savings scheme which gives dual advantage of tax savings & growth potential. It is a large cap orientation fund which aims at minimum 50% exposure to top 100 companies by market capitalization. Rs. 2151.92 Crore 705874

AUM as on 31st May 2010 No of Folios as on 31st May 2010 Risk Mitigation Factors

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedures for monitoring investment restrictions and effective implementation of various norms prescribed by SEBI from time to time. Investment Strategy The investments in the Scheme shall be in accordance with SEBI (Mutual Funds) Regulations, 1996 and Equity Linked Saving Scheme, 2005 notified by Ministry of Finance (Department of Economic Affairs) vide Notifications dated November 3, 2005 and December 13, 2005. The fund managers will follow an active investment strategy taking defensive / aggressive postures depending on opportunities available at various points of time. Plans and Options Growth (Growth) & Dividend (Payout& Reinvestment) MinimumApplicationAmount Rs. 500 & in multiples of Rs. 500 thereafter MinimumAdditional Purchase Amount Minimum Redemption

Rs. 00 & in multiples of thereafter 5 Rs.500 Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account. BSE 100

Benchmark

Fund Manager Performance of the Scheme as on 31/05/2010

Ashwani Kumar

Reliance Tax Saver (ELSS) Fund - Growth Inception date-22/09/2005 Compounded Annualised Returns 3

Period
Scheme Returns % BSE100 Returns %

1 Years
33.91 18.54

Years
8.55 6.57

5 years
N.A N.A

Returns Since Inception


14.59 16.87

Performance of the Scheme as on 31/03/2010 Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV. All the returns are of Growth Plan - Growth Option (Absolute returns for each Financial Year for the last 5 years) Past performance may or may not be sustained in futureBSE100Reliance Tax Saver Fund - Growth * Since Inception: 22nd September 2005 Percentage (%) -45.00 -35.00 -25.00 -15.00 -5.00 5.00 15.00 25.00 35.00 45.00 55.00 65.00 75.00 85.00 95.00 92.75 -30.71 5.49 -0.37 34.07 88.17 -39.97 24.98 11.57 56.19 FY09-10 FY08-09 FY07-08 FY06-07
FY05-06*

Expenses of the Scheme

(i) Load Structure

Entry Load

Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor
effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Exit Load (ii)Recurring Expenses

Nil As per SEBI (Mutual Funds) Regulations 1996, the maximum expenses that can be charged to a scheme are as follows: First Rs. 100 crores 2.50%, Next Rs. 300 crores 2.25%, Next Rs. 300, crores 2.00%, Balance 1.75% Provided that such recurring expenses shall be lesser by atleast 0.25% of the daily average net assets outstanding in each financial year in respect of a scheme investing in bonds.

Actual expenses for the previous financial year (2009-2010) Year to date Ratio to Average AUM

1.90%

Name of the Scheme Cut off Time for Subscription & redemption SIP STP SWP

(only under Retail Plan) (only under Retail Plan) (both Retail & Institutional Plans) Reliance Equity Advantage Fund 3.00 pm

Reliance Pharma Fund 3.00 pm

Reliance Regular Savings Fund-Equity Option 3.00 pm

Reliance Tax Saver (ELSS) Fund (Subject to 3 yrs Lock-in) (Subject to 3 yrs Lock-in) (Subject to 3 yrs Lock-in) 3.00 pm

Reliance NRI Equity Fund 3.00 pm XReliance Long Term Equity Fund 3.00 pm

SIP STP SWP

(only under Retail Plan) (only under Retail Plan) (both Retail & Institutional Plans)

(only under Retail Plan) (only under Retail Plan) (both Retail & Institutional Plans)

(only under Retail Plan) (only under Retail Plan)

(only under Retail Plan) (only under Retail Plan) (both Retail & Institutional Plans)

(both Retail & Institutional Plans)

Reliance Growth Fund- Faithful to the India story While almost all equity funds have rewarded their investors handsomely in the past three to four years, there is a clutch of funds that clearly stand out. Reliance Growth Fund is one among those whose stellar performance in no small way built the reputation of Reliance Mutual Fund, which now has become the largest fund house in terms of assets managed. The scheme was launched way back in October 1995, as an open-ended equity growth scheme with the stated investment objective of achieving long term growth of capital by investment in equity and equity related securities through a research based investment approach. It is positioned as a diversified equity scheme that can invest in small, mid as well as the large cap stocks without any group bias and takes a long term view without being excessively bothered about the short term volatility of the markets. This allows the small investors to bet on the long term growth story of India

without being affected by the market swings.

Having said that, the fund has put money predominantly in mid cap stocks with excellent growth credentials. It has grown to become one of the largest equity funds in the country with assets under management of Rs 3214 crores as at January 2007, a significant jump from the Rs 1963 crores of assets managed in July, 2006. Fund Manager, Sunil Singhania who has been at the helm from 2004 is a Chartered Accountant and a Chartered Financial Analyst (USA). On the return front, Reliance Growth has been a top performer posting an annualised return of 33.94% returns since inception compared with 13.92% of its benchmark, the BSE 100. Over the past three year and five year periods, returns have been exceptional at 52.37% and 63.54% respectively in comparison with the 32.23% and 32.66% return of the benchmark index over the same time frame. In the recent six month to one year horizon too, a period in the stock market which saw superior gains from large cap stocks, Reliance Growth has returned 30.52% and 33.95% gains respectively as against the category median figures of 22.82% and 25.80%. The fund manager has been able to contain volatility as well with the indicator beta at 0.91, in line with the median of the peer group of diversified equity funds

Reliance Mutual Fund will change the name of Reliance Equity Advantage Fund to Reliance Top 200 Fund with effect from August 26, 2011. Along with the change of name, the investment objective, the benchmark index and the asset allocation pattern of the scheme will be also be altered. Like all the other fund the primary investment objective of the scheme is to seek to generate long term capital appreciation. But the new mandate says the investment should be made in equity instruments of companies whose market capitalization is within the range of highest and lowest market capitalization of BSE 200 Index. This does not mean that all companies will be from BSE 200 list. The secondary objective is to generate consistent returns by investing in debt and money market securities. To fulfil the secondary objective the asset allocation pattern has also been revised. Now the fund manager can invest 65% to 100% of assets in equity instruments. On the other side it would allocate upto 30% of assets in debt instruments with low to medium risk profile. So the fund will move closer towards hybrid funds with an equity tilt, as this will ensure the tax advantage. The fund will be benchmarked against BSE 200. Unit holders of the scheme are being provided with an option to exit the scheme at the prevailing NAV without any exit load. The option to exit without payment of exit load will be valid from July 27, 2011 upto August 25, 2011.

Fund Type Open-Ended Investment Growth Plan Asset Size (Rs 819.0 Mar-30-2012 cr) Minimum Investment 5000

Last Dividend N.A. Bonus Entry Load Exit Load Load Comments N.A. N.A. 1.00% Exit load - 1% if redeemed/switched out on or before completion of 1 yrs from the date of allotment. Reliance Equity Advantage Fund renamed as Reliance Top 200 Fund, with effect from August 26, 2011.

Features

Fund Family : Reliance Mutual Fund Fund Manager : Ashwani Kumar / Shailesh Raj Bhan Benchmark : BSE 200 Launch Date : Jun 12, 2007 Regd. Office

Address Kamala Mills Compound, Trade World, B-Wing, Senapati Bapat Marg, Lower Parel (W), Mumbai, 400013 Tel. No. : 022-30994600 Fax No. : 91 22 30414899 Email : response@reliancemutual.com Website : http://www.reliancemutual.com/