Reliance Regular Savings Equity has outperformed category 4 times in 5 years

The fund has outperformed its category average four times in the past five years.

FUND FACTS

INCEPTION: June 2005
CATEGORY: Equity multi-cap
TYPE: Open-ended
AUM: Rs 2,949.19 crore
BENCHMARK INDEX: BSE 100

WHAT IT COSTS

NAV:Rs 33.49 (G), Rs 21.92 (D)
MIN INVESTMENT:Rs 500
MIN SIP AMOUNT:Rs 100
EXPENSE RATIO:1.85 per cent
EXIT LOAD:1 per cent for redemption within 365 days


WHO SHOULD INVEST IN IT?
Reliance Regular Savings Equity has the flexibility to capitalise on market trends in volatile situations and a higher allocation to mid-cap stocks. The fund has no market capitalisation or sector bias. For instance, during bull runs, the fund will take aggressive sector bets and during bear phases, it will hold on to defensive stocks, diversify and use cash to hedge risk. This fund carries above average risk and is not for those who want a stable core portfolio investment. However, the fund has rewarded investors in the long term with seven-year annualised returns of 18.42 per cent as compared with the category average of 11.82 per cent.

MEET THE FUND MANAGER
Fund manager Omprakash Kuckian has been at the helm since November 2007. He follows a combination of top-down and bottom-up stock selection. The fund has a portfolio of about 60 stocks as compared with the category average of 45.

Data and analysis of the fund have been sourced from Value Research