Why Should You Add Reliance Equity Savings Fund to Your Portfolio?

Author: Dishika Baheti

Mutual fund investment helps an individual to invest in different types of securities which otherwise he might not have been able to do with small amount. Today, there are many AMCs in the market that have launched a list of different investment schemes that invests in a variety of stocks in different proportions with different objectives, across sectors.

Reliance Mutual Fund comes in the list of those mutual fund investment companies that have launched several schemes to benefit its investors. One such scheme launched by it, is Reliance Equity Savings Fund on May 30th, 2015.

Why Should You Invest in Reliance Equity Savings Fund?

  • Reliance Equity Savings Fund’s investment objective is to generate long-term capital appreciation and income for its investors through investment in pure equities, debt and money market instruments along with the arbitrage opportunities available in the market.
  • Reliance Equity Savings Fund is an open-ended scheme, and thus its investors are free to invest and sell their units directly to the fund house whenever they want. There is absolutely no reason to worry about finding a person who might be interested in selling or buying the units.
  • Reliance Equity Savings Fund is managed jointly by two fund managers who are both experienced and well educated and have been working in this industry since years. They are Ms. Anju Chhajer and Mr. Sanjay Parekh. Both have of them has been managing 10 and 5 open-ended schemes of Reliance Mutual Fund. Thus, an investor can be assured that his money is in safe hands.
  • Reliance Equity Savings Fund provides its investors to invest without worrying about the entry load that he might have to pay as this scheme is free from such load. There is no exit load as well after completion of one year. On or before completion of one year, if a person redeems, then he is liable to pay 1% as exit load if the number of units is above ten percent below which there is no exit load payable.
  • Investors who are players in the mutual fund investment market and have been dealing with the risks involved would enjoy investing in Reliance Equity Savings Fund as risk is moderately high but so are the returns.
  • The top five sectors in which the fund has invested majorly include Financial, Construction, Automobiles, metal, energy with around 14.96%, 5.84%, 4.49%, 3.36%, and 3.04% allocation, respectively. The scheme has a total of Rs 2,664 crore assets under its watch as on May 31, 2018.
  • Reliance Equity Savings Fund has made its investment in the equity and debt instruments of the top companies in market across sectors. HDFC Bank, Grasim Industries, Tata Motors, Maruti Suzuki India, and Sun Pharmaceutical Inds., are the top five companies in whose equity, the fund of this scheme has invested with the percentage allocation being 5.33, 3.66, 2.77, 2.44, and 2.38, respectively.
  • The top companies in whose debt, it has invested majorly are 8.8% in Reliance Commercial Finance 2019, 8.85% in Reliance Capital 2026, 9.88% in Northern ARC Capital 2020, and 8.75% in Axis Bank with percentage of investment being 3.72, 3.56, 2.80, and 2.73, respectively.

    • Isn’t it a great scheme to invest in? Hope, you totally agree by now, don’t you? To know more about Reliance Equity Savings Fund Growth by Reliance Mutual Fund and the important details about it, you may visit the official website of Reliance Mutual Fund and read the scheme related document carefully. In case you wish to discuss about the risk involved, consult a financial advisor.This article is containing all about Reliance Equity Savings Fund.