Reliance Mutual Fund has launched a number of schemes for the investors interested in mutual fund investments. There are various categories under which it has brought various schemes that invests across sectors and helps an investor earn, with varied risk involvement. No matter which scheme it is, usually there is always some risk involved. So, investors must read the scheme related documents carefully before making the investment. In this article, we are going to discuss about a scheme named Reliance Large Cap Fund which was launched on August 8th, 2007 by Reliance Mutual Fund.
The primary objective of Reliance Large Cap Fund is to help investors earn long-term capital growth by investing in equity and equity related instruments of large-cap companies. Its secondary objective is to generate consistent income by making an investment in debt securities, money market instruments, REITs, and InvITs.
This fund is managed by Mr. Sailesh Raj Bhan since June 2007. He has Master’s degree in Business Administration with specialization in Finance and is also a CFA. He has overall 19 years of experience in fund management and equity research out of which for ten years he has worked with Reliance Nippon Life Asset Management Limited which was earlier known as Reliance Capital Asset Management Limited. In addition to this scheme, he has been managing the fund of other schemes as well such as Reliance Multi Cap Fund, Reliance Pharma Fund, Reliance Consumption Fund, etc.
Reliance Large Cap Fund Growth - Facts & Figures
The minimum investment amount with which an investor may start investing in this scheme is Rs.5000.
An investor is allowed to redeem up to 10% of units without paying any exit load, However, if he redeems more than 10% of the units on or before completion of one year, then he becomes liable to pay 1% as exit load. Redemption made after completion of one year is not entitled to any exit load. Please note that the units are redeemed on First In First Out basis.
This fund was earlier known as Reliance Top 200 Fund.
Reliance Large Cap Fund’s NAV as on July 06th, 2018 was Rs. 31.58 and the assets managed under this scheme by the asset management company was Rs. 10054 crores as on May 31st, 2018.
It has invested 99.59% of its total asset in equity out of which investment made in giant-cap, large-cap, mid-cap, and small-cap is 58.77, 22.75, 17.39, and 1.09 percentage.
The benchmark of Reliance Large Cap Fund is NIFTY 100 TRI, in comparison to which this scheme has invested more in Automobile, Healthcare, Construction, and Engineering sectors and less in Financial, Energy, FMCG, and Technology sectors.
The top ten companies in which it has invested majorly are State Bank of India (Financial), HDFC Bank (Financial), ITC (FMCG), Larsen & Toubro (Construction), Infosys (Technology), Axis Bank (Financial), ICICI Bank (Financial), Indian Oil Corp. (Energy), Tata Steel (Metal), and Tata Motors (Automobile) with the investment percentage of the assets allocated being 8.98, 6.41, 5.15, 5.08, 3.68, 3.26, 2.94, 2.94, 2.91, and 2.81 respectively.
Reliance Large Cap Fund by Reliance Mutual Fund is apt for those investors who wish to earn long-term capital appreciation through investment in equity and its related instruments. All investors must understand that their principal investment amount will be under moderate risk and thus only those investors who can bear this risk should invest in this scheme. In case you have any doubt whether this scheme suits your portfolio or not, consult a financial advisor who can help you take the right investment decision. As it is better to be sure, when it comes to investing your hard earned money.
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