(As of 30 Apr, 2019)
The primary investment objective of the scheme is to replicate the composition of the Sensex, with a view to generate returns that are commensurate with the performance of the Sensex, subject to tracking errors.
(since 06 Nov, 2018)
(If redeemed within 7 days)
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
HDFC Bank Ltd
Reliance Industries Ltd
Housing Development Finance Corp Ltd
Index Mutual Funds imitate the benchmark indices not just comprising the same securities but also in the same proportion.They track the composition of standard benchmark indices suchas Nifty 50 or Sensex and are passively managed – without any intervention from the fund manager. This also means that IndexMutual Fund scheme will perform in line with the benchmark index it’s tracking, replicating the returns at a minimal cost.
This fund is rated 2 stars by Morning Star Ratings.
With Average Assets Under Management (AAUM) of Rs 2,33,628.56 Crores (January 2019 - March 2019 QAAUM) and 90.67 lakhs folios (as on March 31, 2019), Reliance Mutual Fund is one of India's leading mutual funds. Reliance Mutual Fund is one of the fastest growing mutual funds in India, offering investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 300 cities (as on March 31, 2019) across the country. Reliance Mutual Fund constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.
Vision statement of Reliance Mutual Fund - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.
Mission statement of Reliance Mutual Fund - To create and nurture a world-class, high performance environment aimed at delighting our customers.
Main objectives of Reliance Mutual Fund are