Reliance Mutual Fund began its journey in 1995 with two equity funds. Till 2001, it had only five funds to offer. Today, it is the biggest fund house, with 136 fund schemes across different investment categories.
Asset allocation
The break-up of assets worth Rs 14,111 crore for equity funds, balanced funds and monthly income plans.
Equities: 68.57%
Debt: 1.54%
Cash: 29.89%
Top 5 fund schemes
The top two funds account for 33% of the total assets managed by the AMC.
Liquidity fund: 17.4%
Medium term fund: 15.7%
Liquid plus fund: 8.9%
Liquid-treasury plan: 6.5%
Divesified power sector: 4.6%
Fund house style
The AMC has launched some of the biggest NFOs in recent years. The fund house focuses mainly on firms that offer good value. Otherwise, the fund managers prefer to hold cash. It was one of the first to spot the mid-cap boom in the last bull run in 2004. Hopefully, it will do so again during the next one.
Forging ahead
Despite its huge scale, the fund house saw an 88% rise in profits last year, touching Rs 96 crore (as on 31 March 2008).
2006-07: Rs 51.03 cr
2007-08: Rs 96.18 cr
Top 5 equity holdings
Mid-cap firm Divis Laboratories still has a significant holding worth Rs 491 crore in the AMC’s equity portfolio.
Reliance Industries: 6.6%
State Bank of India: 6.2%
ICICI Bank: 4.1%
Divis laboratories: 3.5%
Reliance Infrastructure: 3.3%
Fund house style
The AMC has launched some of the biggest NFOs in recent years. The fund house focuses mainly on firms that offer good value. Otherwise, the fund managers prefer to hold cash. It was one of the first to spot the mid-cap boom in the last bull run in 2004. Hopefully, it will do so again during the next one.
Return percentile: 60
Risk percentile: 80
—If you had invested Rs 10,000 on 1 January 2000 in the Reliance Vision, it would be worth Rs 52,114 on 6 February 2009, an absolute growth of 421.14%.
